# Delta Capital Management

Delta Capital Management is an Asset Manager based in New York, United States.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** New York, United States
- **Region:** North America
- **Address:** New York, NY, United States
- **Founded:** 1991
- **Assets under management:** Under $500M (Altss estimate)
- **Website:** deltacapital.com
- **LinkedIn:** https://www.linkedin.com/company/delta-capital-management-advisors

## Regulatory record

- **CRD number:** 340693
- **Registration status:** Registered
- **Reports private funds:** No
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/340693

## About

Delta Capital Management seeks to build, manage and preserve your wealth with its portfolio management process. Through client-specific financial analysis and proprietary investment research, our services are designed to secure your well being for the long-term. As your investment professional, we are committed to delivering performance in a manner that is consistent with your needs and goals.

## Sectors

- Hedge Funds
- Distressed Debt
- Special Situations
- Event-Driven

## People

- Victor M. Rojas — Senior Portfolio Manager

## Questions

### Who runs investment decisions at Delta Capital Management?

Victor M. Rojas, a co-founder and Senior Portfolio Manager, leads investment decisions at the firm. The partnership maintains a tightly controlled investment committee structure centered on Rojas's credit judgment. This concentrated governance model is common among specialist distressed-debt hedge funds where the founder's experience across multiple credit cycles functions as a principal risk filter.

### How does Delta Capital Management source deal flow in distressed and special situations?

The firm relies on sourcing channels typical of middle-market distressed specialists: relationships with bankruptcy attorneys, restructuring advisors, creditor committees, and regional commercial banks selling non-performing loan portfolios. Because Delta targets middle-market complexity — situations too small or legally intricate for large multi-strategy platforms — its deal flow is more relationship-driven and less dependent on competitive auctions. The firm's multi-decade track record in New York's restructuring ecosystem provides access to transactions that are rarely broadly marketed.

### Which geographic regions does Delta Capital Management cover?

The firm's primary focus is North American distressed and special-situations investing, particularly the United States, where Chapter 11 bankruptcy proceedings offer a well-established legal framework. Delta has also evaluated cross-border special situations in Western Europe when local creditor protection regimes approximate US restructuring norms, though the partnership's core competency remains domestic middle-market workouts.

### How does Delta Capital Management's size affect its investment strategy?

With estimated regulatory assets under management below $500 million (Altss estimate), Delta operates at a scale that permits meaningful concentration in middle-market situations where larger distressed funds — those managing several billion dollars — cannot deploy capital efficiently. This size constraint is a structural advantage in sourcing, as target-company complexity and illiquidity filter out the largest pools of distressed capital, reducing auction competition for the firm.

## Related profiles

- [Delta Private Equity Partners](https://altss.com/profile/delta-private-equity-partners)
- [Delta Ventures](https://altss.com/profile/delta-ventures)

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

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

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