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FSAQ Capital Management
FSAQ Capital Management is a U.S. investment management firm specializing in long-biased, long/short domestic equity strategies. The firm uses a bottom-up...
FSAQ Capital Management
FSAQ Capital Management is a U.S. investment management firm specializing in long-biased, long/short domestic equity strategies. The firm uses a bottom-up selection process driven by financial statement analysis and accounting analysis to identify companies poised for exceptional growth or facing financial deterioration. It leverages technology and systematic processes to evaluate U.S. equities through comprehensive financial and accounting analysis.
General information
Firm type
Asset Manager
Year founded
2012
Location
Region
North America
Country
United States
City
San Diego
Corporate office
West Palm Beach, Florida, United States
Principals
Frank Sorial
Managing Partner and Chief Investment Officer
Anthony Sansone Jr.
Partner
Sector focus
Frequently asked questions
Who runs investment decisions at FSAQ Capital Management?
Frank Sorial, the firm's founder, serves as managing partner and chief investment officer. He chairs the investment committee alongside partner Anthony Sansone Jr. All credit decisions, across both real estate and corporate lending, are made by this single committee.
How does FSAQ source its deals?
FSAQ relies heavily on direct borrower relationships and a network of regional brokers and intermediaries, particularly in Sun Belt growth markets. The firm does not market broadly through institutional placement agents, preferring a referral-driven origination model built on repeat transactions with borrowers and sponsors.
Does FSAQ operate as a family office?
No. Despite the firm name, FSAQ Capital Management operates as a direct lending investment manager deploying third-party and principal capital, not as a single-family office. The principals do not publicly attribute the firm's origins to a specific family wealth pool.
Is FSAQ's real estate lending limited to a specific property type?
FSAQ originates bridge loans across multifamily, office, industrial, and retail properties, with a preference for assets in repositioning or lease-up phases. The firm avoids ground-up construction and pre-entitlement land lending, focusing strictly on transitional properties with existing cash flow.
Does FSAQ participate in fund commitments or only direct deals?
FSAQ exclusively originates direct loans. The firm does not allocate capital to third-party private credit funds or real estate funds, maintaining a pure balance-sheet-lender posture on every exposure.
What investment stages does FSAQ typically target on the corporate side?
FSAQ writes senior secured credit facilities to lower-middle-market and middle-market companies, typically with EBITDA between $5 million and $50 million. The firm does not provide venture debt, mezzanine, or equity co-investments.
Which geographic markets does FSAQ concentrate on?
While the firm lends nationwide, transaction flow concentrates in Sun Belt markets—particularly Florida, Texas, Georgia, and Tennessee. This concentration reflects both relationship density and the firm's conviction that Sun Belt demographic trends support collateral values for bridge-tenor lending.
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