Alluvial Capital Management

David E. Brown, founder and managing partner, leads the investment team. James P. O'Connell serves as partner. The firm operates with a lean team typical of a focused value shop (per public record).

Alluvial screens for micro-cap companies with market caps under $500 million that exhibit hidden asset values or catalyst potential. The firm often engages in activist campaigns, taking board seats to influence strategic changes like spin-offs or asset sales.

Alluvial Capital Management is registered as an asset manager, not a family office. It manages capital from institutional clients including endowments and foundations, but it also serves family offices seeking small-cap value exposure (per regulatory filings).

Alluvial primarily makes direct investments in publicly traded equities. It does not operate a fund-of-funds structure; it manages a concentrated portfolio of individual stocks, often with an activist bent.

Alluvial targets micro-cap and small-cap public equities — companies generally below $500 million market capitalization. It focuses on deep value situations where catalysts can unlock value over a 12- to 24-month horizon.

Alluvial does not target sectors that require large capital expenditure or have opaque accounting. It has shown a preference for industrial, consumer, and retail companies where tangible assets are easier to value. The firm avoids highly leveraged or speculative growth companies.

The firm's capital base includes endowments, foundations, and family offices. It does not disclose specific investor names but maintains a client list typical of a concentrated value manager (per public record).