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HG Vora Capital Management
HG Vora Capital Management was founded by Parag Vora, who serves as its Founding Partner and Chief Investment Officer.
HG Vora Capital Management
HG Vora Capital Management was founded by Parag Vora, who serves as its Founding Partner and Chief Investment Officer. The firm has assembled a team of 27 professionals spanning investment, legal, operations, and client services. Its wealth origin is not publicly disclosed. The firm pursues four core strategies: performing credit, negotiated financings, distressed special situations, and equities. It targets mispriced opportunities across the capital structure, often in complex stress and distressed scenarios. The firm's team includes three investment committee members: Kevin Holzgrefe and Justin Kerber alongside Parag Vora. HG Vora maintains offices in New York, Baltimore, Farmington Hills, Bethesda, and Sao Paulo, Brazil — a geographic footprint that includes both North America and South America. The firm's total professionals number 27, including analysts, investor relations staff, and a back-office team led by COO Philip Garthe and CFO Michael Lee. A distinguishing structural feature is HG Vora's stated credit-intensive, research-driven approach combined with what the firm describes as a multi-disciplinary and collaborative orientation — a posture that positions it as both a credit investor and a partner for companies, sponsors, and advisors requiring tailored capital solutions.
General information
Firm type
Asset Manager
Year founded
—
AUM
Undisclosed
Location
Region
North America
Country
United States
City
New York
Corporate office
New York, NY, United States
Additional offices
Baltimore · Sao Paulo · Farmington Hills · Bethesda
Principals
Parag Vora
Founding Partner, Chief Investment Officer
Marcus Dunlop
Partner, Co-Portfolio Manager of Special Opportunities Fund
Gary Moross
Senior Partner
Dan Ornstein
Partner, Head of Capital Markets
Kevin Holzgrefe
Partner, Investment Committee Member
Justin Kerber
Partner, Investment Committee Member
Philip Garthe
Chief Operating Officer & Chief Compliance Officer
Mandy Lam
Chief Legal Officer & Chief Administrative Officer
Kieran Hennigan
General Counsel
Michael Lee
Chief Financial Officer
Sector focus
Frequently asked questions
Who runs investment decisions at HG Vora Capital Management?
Parag Vora serves as Founding Partner and Chief Investment Officer. The investment committee includes Kevin Holzgrefe and Justin Kerber as members alongside Vora (per firm website).
What investment strategies does HG Vora pursue?
The firm allocates across performing credit, negotiated financings, distressed special situations, and equities — targeting opportunities in both public and private markets (per firm website).
Does HG Vora participate in fund commitments or only direct deals?
The firm's website describes a history of partnering with companies, sponsors, and advisors on tailored capital solutions, suggesting a direct-deal focus. It provides no indication of fund-of-funds or third-party GP commitments.
Where does HG Vora have offices?
The firm lists offices in New York, Baltimore, Farmington Hills, Bethesda, and Sao Paulo, Brazil (per firm website).
What is HG Vora's approach to distressed investing?
According to its website, HG Vora pursues mispriced opportunities in complex stressed and distressed special situations, using a credit-intensive and research-driven multi-disciplinary approach.
Is HG Vora a single family office or an asset manager?
The firm does not self-identify as a family office on its website. It describes itself as an investment manager with multiple strategies and a dedicated team, but does not disclose ownership or wealth origin.
Which sectors or asset classes does HG Vora focus on?
The firm is primarily a credit and special-situations investor, with stated strategies in performing credit, distressed securities, negotiated financings, and equity positions. Sector-specific preferences are not publicly listed.
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