FOD Capital

FOD Capital

FOD Capital was organized in December 2017 by Donald Foss and Michael Raymond. Foss built Credit Acceptance into a subprime auto lender. Raymond contributed four decades of corporate finance experience at Dickinson Wright PLLC. The office sits in Key West and uses those origins to access proprietary opportunities. The firm executes direct co-investments and SPVs alongside private credit and real estate. It favors profitable growth companies with foreseeable exits and deploys across early and growth stages. Confirmed holdings include Amwell, Arcimoto, F45 Training, Sonder, and Zymergen. Activity centers on North America with additional exposure through hospitality assets in Florida. The team remains small and centered on the founding principals. FOD maintains The Perry Hotel & Marina in Key West and The Perry Hotel Naples. Adjacent vehicles include the Foss Family Foundation and Birch Rock Camp. Donald Foss passed in August 2022; Michael Raymond continues as managing director. FOD differentiates through an SPV model that pairs family capital with external operators such as Mark Wahlberg in MWIG LLC. The structure allows 65 percent ownership in select fitness holdings while preserving direct control over real-asset projects like Pelagic Marina.