Girdwood Capital

Girdwood Capital was founded by Patrick H. Daugherty, who spent roughly 20 years at Apollo Global Management, rising to Partner and Head of Corporate Credit and Structured Finance. During his tenure, he helped scale Apollo's credit platform into one of the largest alternative credit managers globally. He left Apollo to establish his own family office in Miami.

The firm invests across private credit, real estate, and private equity, with a particular focus on structured and asset-backed finance — areas closely aligned with Daugherty's expertise at Apollo. Girdwood can provide debt, preferred equity, or common equity, often targeting middle-market opportunities where complexity or dislocation limits competition from traditional capital sources.

Girdwood Capital is structured as a single-family office, deploying balance-sheet capital rather than managing third-party funds. This structure eliminates fund-life constraints, allowing the firm to hold assets indefinitely. The firm does not publicly solicit or report on external limited partners.

The office is headquartered in Miami, Florida, and its known investment activity is concentrated in domestic US markets, particularly the southeastern United States. The firm evaluates opportunities nationally across its real estate, credit, and private equity mandates.

Girdwood Capital's deal flow relies heavily on the professional network Daugherty built during his two decades at Apollo Global Management. The firm sources opportunities through relationships with investment banks, brokers, private equity sponsors, and other family offices, with a co-investment orientation that brings institutional-grade origination to a single-family balance sheet.