# Enhanced Capital

Enhanced Capital is an Asset Manager based in New Orleans, United States.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** New Orleans, United States
- **Region:** North America
- **Address:** New York, NY, United States
- **Founded:** 1999
- **Assets under management:** Undisclosed
- **Website:** www.enhancedcapital.com
- **LinkedIn:** https://www.linkedin.com/company/enhanced-capital

## Regulatory record

- **CRD number:** 170236
- **SEC file number:** 801-79137
- **Registration status:** Registered
- **Reports private funds:** Yes
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/170236

## About

Enhanced Capital is an SEC-registered investment adviser in New Orleans, LA, registered since 2013. The firm manages $786 million in assets, with $526 million on a discretionary basis. It has 37 employees and 12 investment advisers.

## Sectors

- Private Credit
- Real Estate
- Infrastructure

## Offices

- New Orleans
- Chicago
- St. Louis
- Georgia
- Ohio

## People

- Michael Korengold — President and Chief Executive Officer

## Questions

### What is Enhanced Capital's core investment strategy?

Enhanced Capital operates as a private credit investment manager with two primary strategies: Project Finance, which uses federal and state tax credit programs to finance real estate and community development, and Small Business Lending, focused on originations to businesses underserved by conventional lenders. The firm syndicates tax credits primarily to insurance companies while retaining and servicing the underlying credit exposure. This hybrid model allows it to generate returns from both lending spreads and tax-credit placements.

### How does Enhanced Capital source its deals?

The firm originates deals through a geographically distributed team across New York, New Orleans, Chicago, St. Louis, Georgia and Ohio, with principals who have deep local networks in community development and small-business lending. Its Project Finance pipeline relies heavily on relationships with developers and businesses that qualify for New Markets Tax Credit allocations, while the Small Business Lending team — staffed by veterans of SBIC and commercial-banking institutions — sources through both direct outreach and intermediary referrals. The tax-credit syndication desk adds a further sourcing advantage by maintaining relationships with institutional investors seeking tax-advantaged placements.

### Who owns Enhanced Capital?

Enhanced Capital Group is a strategy of Ridgepost Capital, Inc., a diversified multi-asset investment platform whose shares trade on the New York Stock Exchange under the ticker RPC. The CEO, Michael Korengold, serves on the firm's investment committees and board of directors, operating with the autonomy typical of a subsidiary partnership model. Public filings do not detail the full ownership breakdown or the existence of a carried-interest pool for the internal team.

### What is Enhanced Capital's relationship to Ridgepost Capital?

Enhanced Capital operates as a distinct strategy within Ridgepost Capital, Inc. (NYSE: RPC), a multi-asset investment platform. This structure provides institutional-grade compliance, treasury and reporting infrastructure while allowing Enhanced Capital to maintain its own brand, investment committee and client relationships. Public disclosures do not indicate whether Ridgepost provides seed capital to Enhanced Capital's vehicles or guarantees any portion of its liabilities.

### Which institutional investors typically buy Enhanced Capital's tax-credit placements?

Enhanced Capital's tax-credit syndication team, led by professionals with backgrounds at Monarch Private Capital and RW Baird, primarily targets insurance companies as buyers of state and federal tax credits. Insurance firms are natural buyers because they can use tax credits to offset premium-tax liabilities while meeting community-reinvestment obligations. The firm's marketing materials state a focus on institutional investors including insurers, asset managers and corporations.

## Related profiles

- [Engine Ventures](https://altss.com/profile/engine-ventures)
- [Enhanced Healthcare Partners](https://altss.com/profile/enhanced-healthcare-partners)

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

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