# Hill Path Capital

Hill Path Capital is an Asset Manager based in New York, United States.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** New York, United States
- **Region:** North America
- **Address:** New York, NY, United States
- **Founded:** 2016
- **Assets under management:** Undisclosed
- **Website:** www.hillpathcap.com
- **LinkedIn:** https://www.linkedin.com/company/hill-path-capital

## Regulatory record

- **CRD number:** 281794
- **SEC file number:** 801-106893
- **Registration status:** Registered
- **Reports private funds:** Yes
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/281794

## About

Hill Path Capital is an SEC-registered investment adviser in New York, NY, registered since 2015. The firm manages approximately $3.4 billion in regulatory assets. It has 21 employees and 15 investment advisers.

## Sectors

- Consumer
- Travel & Hospitality
- Entertainment

## People

- Scott Ross — Managing Partner & Co-Founder

## Questions

### What is Hill Path Capital's core investment strategy?

Hill Path runs a concentrated, hybrid strategy that mixes public-market PIPEs with private buyouts in mature consumer sectors. The firm holds seven to ten positions at a time and aims for five-year-plus holding periods. Its posture is operationally active — it frequently seeks board representation and pushes for management changes.

### Who founded the firm and what is their background?

Scott Ross founded Hill Path Capital, registered since 2015. He was previously a partner at Apollo Global Management. Ross was previously a partner at Apollo Global Management, where he focused on distressed and special-situations investing. That restructuring and operations-heavy background directly shapes Hill Path's approach to consumer-company turnarounds (per Bloomberg, 2021).

### Does Hill Path invest outside the consumer and travel sectors?

The firm's disclosed public portfolio has been heavily concentrated in travel, leisure, and casual dining. Its known positions include SeaWorld Entertainment, Miller's Ale House, and Wheels Up. While it does not formally exclude other sectors, its investment committee has consistently executed within a consumer-and-services mandate.

### How does Hill Path source its deals?

Hill Path does not rely on auction processes for its core positions. The firm builds large stakes in publicly traded companies through open-market purchases and direct negotiations, often over months or years. This approach gives it an activist posture from the start, securing board seats and driving restructuring plans that are harder to execute in competitive bidding.

### What is Scott Ross's track record at Apollo?

Scott Ross spent more than a decade at Apollo Global Management, where he became a partner and senior member of the private equity team. His work there included distressed-for-control investments, operational turnarounds, and complex corporate carve-outs — a skill set that directly informed Hill Path's consumer-activism playbook.

## Related profiles

- [Hillock Capital Management](https://altss.com/profile/hillock-capital-management)
- [Hillside Ventures](https://altss.com/profile/hillside-ventures)

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Last updated: 2026-06-28T01:52:41.659Z

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