# High Trail Capital

High Trail Capital is an Asset Manager based in Hoboken, United States.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** Hoboken, United States
- **Region:** North America
- **Address:** Red Bank, NJ, United States
- **Founded:** 2017
- **Assets under management:** $500M - $1.5B (Altss estimate)
- **Website:** hightrailcap.com
- **LinkedIn:** https://www.linkedin.com/company/hightrailcap

## Regulatory record

- **CRD number:** 305245
- **SEC file number:** 801-119131
- **Registration status:** Registered
- **Reports private funds:** Yes
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/305245

## About

High Trail Capital is an investment management firm that was founded in 2019. High Trail has a flexible mandate and utilizes fundamental research, credit analysis and structuring expertise to tailor creative capital solutions to meet the specific financing objectives of small cap and early-stage public companies across a broad spectrum of sectors.

## Sectors

- Private Credit
- Special Situations

## People

- Scott Carmilani — Founder & Portfolio Manager

## Questions

### How does High Trail Capital source its deal flow?

High Trail sources opportunities through direct outreach to micro- and small-cap public companies that lack access to traditional bank or syndicated loan markets. The firm's origination model relies on relationship-based sourcing with issuers, their management teams, and a limited network of boutique investment banks and corporate advisors. Because High Trail targets an underserved segment — public companies below $500 million in market cap — it faces limited competition from large direct lenders and regional banks that have retreated from this space since the post-Dodd-Frank regulatory tightening.

## Related profiles

- [RRA Wealth](https://altss.com/profile/rra-wealth-llc)
- [Synergy Financial Partners](https://altss.com/profile/synergy-financial-partners-llc)

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

Canonical page: https://altss.com/profile/high-trail-capital

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