What Meteora Capital does

Meteora Capital, LLC is a Florida-registered, SEC-registered investment adviser founded in 2021 that specializes in event-driven investment strategies across equities and credit. The firm operates its flagship multi-strategy hedge fund, Meteora Select Trading Opportunities (MSTO), which pursues merger arbitrage, structured credit, and SPAC-related opportunities, and won the Multi-Strategy category at the 2025 HFM U.S. Performance Awards. Meteora also provides customized structured equity and credit investments directly to companies seeking tailored financing, and runs long-duration private-markets funds targeting the SPAC ecosystem, positioning the firm as an end-to-end partner across both public and private market opportunities.

The firm manages in excess of $500 million in assets for a client base of qualified institutional investors, accredited investors, and high-net-worth individuals, accessed exclusively through direct institutional sales relationships. Distribution is supported by selective conference presence at institutional sell-side and SPAC-industry events (KBW FinTech Conference, Belay Global SPAC Bootcamp) and by the firm's policy of co-investing significant internal capital alongside clients, aligning manager and LP interests.

Meteora is led by Managing Member & CIO Vikas Mittal, CFA, alongside COO/CFO/CCO Joseph Levy, CPA, and Director Kevin S. Gahwyler, CFA, supported by a team of approximately 19 specialized investment, operations, and business development professionals. The firm is independently owned with no identified external parent or PE backing, domiciled in Boca Raton, Florida, and maintains an active disclosed position book across multiple SPAC vehicles and structured credit relationships.

Name

Meteora Capital

Legal name

Meteora Capital, LLC

Website

https://meteoracapital.com

Company type

Private

Founded year

2021

Operating status

Operating

Headcount range

11–50 employees

Short description

Meteora Capital is an SEC-registered investment adviser founded in 2021 that manages event-driven hedge fund strategies including merger arbitrage, structured credit, and SPAC ecosystem investments through its flagship MSTO fund, serving institutional and qualified investors with over $500 million in assets.

Ownership category

akta.pro rank

Product category

Alternative Asset Management

NAICS

Portfolio Management and Investment Advice (523940), Securities, Commodity Contracts, and Other Financial Investments and Related Activities (523)

SIC

Investment Advice (6282), Security Brokers, Dealers & Flotation Companies (6211)

akta.pro primary industry

Capital Raising Advisory (Debt/Equity/Private Capital) (BPAHADAG)

akta.pro secondary industry

Capital Markets Advisory (IPO Readiness, SPAC, ECM/DCM Advisory) (BPAHAOAL)

Keywords

• Event-driven investing
• Merger arbitrage
• Structured credit investments
• SPAC investment management
• Alternative investment firm

Headquarters

HQ city

Florida

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Hedge Fund Management: Meteora generates returns through its flagship fund Meteora Select Trading Opportunities (MSTO), employing event-driven investment strategies including merger arbitrage and structured credit. The firm earns management fees and performance fees from institutional investors.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels2 records

Core offering

Meteora Capital is an SEC-registered investment adviser that runs event-driven investment strategies in equities and credit, anchored by its flagship multi-strategy fund Meteora Select Trading Opportunities (MSTO). The firm also provides customized structured equity and credit investments to companies seeking tailored financing solutions and operates long-duration private market funds that participate across the SPAC ecosystem. Services are limited to qualified institutional investors, accredited investors, and high-net-worth individuals.

Product overview

Meteora Capital is an investment adviser formed in 2021 that offers a unified suite of event-driven investment products and services. The firm operates its flagship fund Meteora Select Trading Opportunities (MSTO), a multi-strategy fund focused on merger arbitrage and structured credit, complemented by customized structured equity and credit investment solutions for companies and long-duration private markets funds targeting the SPAC ecosystem. The products work together to provide institutional clients with comprehensive event-driven investment capabilities across public and private markets.

Differentiator

Problem solved

Functional benefit

Brands

• Meteora Select Trading Opportunities (MSTO): The flagship fund of Meteora Capital that won the Multi-Strategy category at the 2025 HFM U.S. Performance Awards.

Products and services

• Meteora Select Trading Opportunities (MSTO)
• Event-Driven Investment Services
• Customized Structured Equity and Credit Investments
• SPAC Ecosystem Services

Segments1 record

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators2 records

Recent moves6 records

Expansion highlights4 records

Broad incumbents

• Millennium Management: Massive multi-strategy platform with diversified pods running event-driven, merger arb, and SPAC strategies; competes with Meteora for institutional capital and SPAC deal flow at much larger scale.
• Farallon Capital: Established multi-strategy alternative investment firm with significant event-driven, structured credit, and special situations exposure, serving a similar institutional client base.

Emerging players

• Cormorant Asset Management: Healthcare-focused but active SPAC and PIPE investor; comparable in deploying structured capital into SPAC business combinations and forward purchase agreements.
• Bulldog Investors: Activist and SPAC-focused investment manager with public SPAC arbitrage and PIPEs, similar niche focus to Meteora's SPAC ecosystem specialization.

Direct peers

• Marathon Asset Management: Event-driven credit-focused hedge fund with deep SPAC and PIPE franchise, very similar in strategy mix (merger arb, structured credit, special situations) to Meteora's MSTO fund.
• Fir Tree Partners: Multi-strategy hedge fund with significant SPAC, PIPE, and merger arbitrage exposure across public and private credit, directly overlapping with Meteora's event-driven focus.
• Heights Capital Management: Subsidiary of Susquehanna focused on structured equity, PIPE, and SPAC forward purchase agreements, directly comparable to Meteora's customized structured equity and credit business.
• Saba Capital Management: Event-driven and credit-focused hedge fund that has been an active participant in SPAC and PIPE situations, comparable to Meteora in mandate and client base.
• Linden Advisors: Event-driven hedge fund co-disclosed with Meteora in multiple SPAC positions (GP-Act III, Yorkville), indicating directly comparable SPAC arbitrage and merger arb strategies.
• AQR Arbitrage: Large multi-strategy hedge fund running merger arbitrage and event-driven books; co-disclosed with Meteora in Yorkville Acquisition, reflecting directly comparable strategy.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments2 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Meteora Capital