# Horse Cove Partners

Horse Cove Partners is an Asset Manager based in Atlanta, United States.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** Atlanta, United States
- **Region:** North America
- **Address:** Atlanta, GA, United States
- **Founded:** 2010
- **Assets under management:** Undisclosed
- **Website:** horsecovepartners.com

## Regulatory record

- **CRD number:** 172389
- **SEC file number:** 801-130046
- **Registration status:** Registered
- **Reports private funds:** No
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/172389

## About

HORSE COVE PARTNERS LLC is an SEC-registered investment adviser in Atlanta, GA, registered since 2024. The firm manages approximately $107 million in assets. It has 9 employees and 5 investment advisers.

## Sectors

- Hedge Funds
- Private Credit
- Real Estate

## People

- William B. Fricks — Founder & Chief Investment Officer

## Questions

### What does Horse Cove Partners invest in?

The firm targets stressed and distressed corporate credit, residential whole loan pools — including re-performing and non-performing mortgages — and select commercial real estate assets. It does not operate as a broad multi-asset allocator. The strategy relies on sourcing from banks and regional broker-dealers, primarily in the Southeastern United States.

### Who runs investment decisions at Horse Cove Partners?

William B. Fricks is the Founder and Chief Investment Officer. He is the central named principal and decision-maker. No additional named portfolio managers or investment committee members are publicly identified.

### How is Horse Cove Partners structured?

The firm is an SEC-registered investment adviser. It manages capital through separately managed accounts rather than a single commingled hedge fund, which gives it flexibility to structure holdings with longer lock-ups. Its small-team architecture keeps the decision chain short.

### Does Horse Cove Partners disclose assets under management?

No. The firm has not publicly disclosed AUM. Its SEC registration does not publicly report a precise figure beyond broad regulatory ranges, and no financial publication has verified a specific number.

### Which sectors does Horse Cove Partners explicitly avoid?

The firm does not appear to invest in venture capital, growth equity, or early-stage technology companies. The investment focus remains firmly on credit instruments, structured products, whole loans, and hard real estate assets.

### What is the geographic focus of Horse Cove Partners?

The primary geographic footprint is the Southeastern United States, where the firm's banking and broker-dealer relationships are concentrated. It also sources assets nationally when dislocated loan pools become available from larger financial institutions.

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- [Clearbell Fund Management](https://altss.com/profile/clearbell-fund-management-limited)
- [Mead Capital Management](https://altss.com/profile/mead-capital-management-llc)

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

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