# Hammer and Company

Hammer and Company is an Asset Manager based in Boston, United States.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** Boston, United States
- **Region:** North America
- **Address:** Boston, MA, United States
- **Founded:** 1994
- **Assets under management:** Undisclosed
- **Website:** hammerandco.com

## Regulatory record

- **CRD number:** 107787
- **SEC file number:** 801-56580
- **Registration status:** Registered
- **Reports private funds:** No
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/107787

## About

HAMMER AND COMPANY LLC is an SEC-registered investment adviser with $77 million in regulatory assets under management. The firm has 2 employees and 1 investment adviser. It operates with a small team.

## Sectors

- Real Estate
- Energy Transition & Renewables

## People

- David Hammer — Founder & Managing Principal

## Questions

### Does Hammer and Company manage commingled funds or only project-specific syndicates?

The firm operates on a project-specific syndication model, not through blind-pool commingled funds. Each transaction carries its own capital stack and investor group, which reduces cross-collateralization risk across the portfolio. This approach has been consistent since the firm's 1994 founding.

### What asset classes and deal types does the firm focus on?

Hammer and Company concentrates on real assets tied to environmental outcomes — primarily wetlands mitigation banks, conservation land projects, and restoration-based real estate. The firm originates each deal, structures the transaction, and often remains involved through the operational phase and credit-release cycle. Its geographic focus gravitates toward regulatory mitigation markets in the Eastern and Southeastern United States.

### Who are the typical investors in Hammer and Company's syndicates?

Based on the firm's structure and public profile, its capital base draws from family offices and high-net-worth individuals seeking direct asset-backed exposure outside conventional real estate. No institutional LP relationships — such as pension funds or endowments — have been publicly reported. The firm does not market broadly to institutional allocators.

### How does Hammer and Company source its deal flow?

The firm sources conservation and mitigation-banking opportunities through relationships with landowners, environmental engineering firms, and regulatory mitigation demand. Its deal flow is tied to the regulatory framework of the Clean Water Act, which requires developers who impact wetlands to purchase credits from approved mitigation banks — creating a market the firm has accessed since the 1990s.

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- [Hamilton Bates Investment Research](https://altss.com/profile/hamilton-bates-investment-research-inc)
- [Hampton Rock Wealth Management](https://altss.com/profile/hampton-rock-wealth-management)

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

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