# CHORAL CAPITAL MANAGEMENT

CHORAL CAPITAL MANAGEMENT is an Asset Manager based in Arlington, United States.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** Arlington, United States
- **Region:** North America
- **Address:** Wayzata, MN, United States
- **Founded:** 2007
- **Assets under management:** < $250M (Altss estimate)
- **Website:** choralcapital.com

## Regulatory record

- **CRD number:** 162062
- **Registration status:** Registered
- **Reports private funds:** Yes
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/162062

## About

Choral Capital Management, LLC is a state-registered investment adviser with its office in Arlington, VA. The firm advises clients on investment strategies. It is headquartered in Arlington, VA.

## Sectors

- Enterprise Software
- Payments
- FinTech
- Business Services

## People

- Jeffrey S. Bailey — Founder & Portfolio Manager

## Questions

### Who runs investment decisions at CHORAL CAPITAL MANAGEMENT?

Jeffrey S. Bailey is the founder, portfolio manager, and sole decision-maker. He built his approach during a 10-year tenure at Piper Jaffray, where he covered technology equities across the research and institutional asset management divisions. The firm's SEC filings consistently identify Bailey as the named portfolio manager for its core equity strategy.

### What is CHORAL's typical investment holding period?

CHORAL targets companies it calls 'smaller-cap compounders' and holds them over multi-year cycles. The firm does not trade around quarters. Investor letters and public commentary describe patience as a structural edge — letting revenue reinvestment compound without rushing to exit at fair value.

### How does CHORAL source investment ideas?

Deal flow is research-driven rather than broker-dependent. Bailey's process leverages his two decades of sell-side and buy-side relationships across the technology ecosystem, combined with fundamental screening for recurring revenue, high switching costs, and management teams with a history of disciplined capital allocation. The firm does not market itself as accessing proprietary private-company flow.

### Does CHORAL participate in fund commitments or only direct equity investments?

CHORAL is exclusively a direct, long-only equity manager. It does not allocate to external funds, invest in private rounds, or operate a fund-of-funds. The entire strategy runs through a single concentrated public-equity composite.

### What is CHORAL's known posture on co-investments alongside external GPs?

CHORAL does not pursue co-investments. Because the firm only invests in publicly traded equities, the co-investment structure common in private equity and venture capital does not apply. All allocations are direct purchases of common stock.

## Related profiles

- [Choice Merchant Solutions](https://altss.com/profile/choice-merchant-solutions-llc)
- [Citadel Security Holdings](https://altss.com/profile/citadel-security-holdings)

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Last updated: 2026-06-03T20:00:00.000Z

Canonical page: https://altss.com/profile/choral-capital-management-llc

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