# Endurance Investment Strategies

Endurance Investment Strategies is an Asset Manager based in Chicago, United States.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** Chicago, United States
- **Region:** North America
- **Address:** Chicago, IL, United States
- **Founded:** 2010
- **Assets under management:** Undisclosed
- **Website:** enduranceinv.com

## Regulatory record

- **CRD number:** 269867
- **Registration status:** State-Registered Investment Adviser (CA) — not registered with the SEC; per IAPD as of 2026-10-22
- **Reports private funds:** No

## About

ENDURANCE INVESTMENT STRATEGIES, INC. is a state-registered investment adviser. The firm manages $25 million in assets, with $20 million on a discretionary basis. It has 1 employee and 1 investment adviser.

## Sectors

- Enterprise Software
- Industrial Tech
- Healthcare Services

## People

- Mark E. McCarville — Founder & Chief Investment Officer

## Questions

### How does Endurance source proprietary deal flow?

Endurance targets companies that receive minimal sell-side analyst coverage, often relying on direct outreach to management teams, industry conferences, and board-level relationships. The firm's willingness to take board seats opens doors to private, operational conversations that screen-based peers miss. Its micro-cap focus means it competes against fewer institutional buyers for each position.

### Is Endurance a registered investment advisor, and what is its regulatory posture?

Yes, Endurance Investment Strategies, Inc. as an investment adviser, filed under CIK 0001608975. It reports approximately $79 million in regulatory assets under management in its most recent public filing. The firm maintains no reported disciplinary history or disclosures.

### Does Endurance invest outside the United States?

Yes, the firm's mandate includes both US and Canadian equities, with Canada representing a meaningful portion of the opportunity set because its micro-cap market is even more underfollowed. The strategy does not invest in Europe or emerging markets. Canada is the only non-US geography publicly identified in its scope.

### What is Endurance's posture on co-investments alongside external managers?

Endurance does not co-invest alongside outside GPs in the private-equity sense — it owns public equities. However, the firm will sit alongside fellow board members from other concentrated managers or family offices in small-cap names. It is not part of any disclosed club-deal network or co-investment platform.

### How liquid is the portfolio given the micro-cap focus?

The strategy accepts meaningful illiquidity risk by holding sub-$500 million market-cap names that can take weeks to exit without moving the price. Endurance addresses this structurally: it runs concentrated positions, caps strategy assets to avoid forced selling, and sets multi-year holding periods. Redemptions are offered quarterly, but the portfolio is not designed for short-term liquidity.

## Related profiles

- [Enduro Capital Partners](https://altss.com/profile/enduro-capital-partners-llc)

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Updated: 2026-10-23T16:27:35.678Z

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