Fort Baker Capital Management LP is an investment management firm that primarily serves institutional clients and private investment funds, such as the Catalyst Funds. The firm focuses on catalyst-driven investing, which involves taking positions in equity, equity derivatives, and debt securities to profit from corporate events like mergers and acquisitions, restructurings, spin-offs, and bankruptcies. Fort Baker Capital Management also utilizes hedged and arbitrage strategies, including convertible bond and option arbitrage. The firm was founded in 2015 and is based in Larkspur, California, operating under the control of its principal owner, Steven Patrick Pigott. Fort Baker Capital Management does not provide traditional personal financial planning or retail wealth management services for individual retail investors.
Fee Structure
Portfolio-Based Fees (Flat)
| Portfolio Value | Annual Fee |
|---|---|
| Any | 1.50% |
Standard annual management fee is 1.50%. Certain early investors receive lower rates based on founders' terms. The firm also charges a 20% performance-based profit allocation (15% for founders' investments).