# MAK Capital

MAK Capital is a RIA based in New York, United States.

## Overview

- **Organization type:** RIA
- **Headquarters:** New York, United States
- **Region:** North America
- **Address:** 590 Madison Avenue, New York, NY 10022, United States
- **Founded:** 2003
- **Assets under management:** Undisclosed
- **Website:** makcap.com
- **LinkedIn:** https://www.linkedin.com/company/mak-capital

## Regulatory record

- **CRD number:** 158132
- **SEC file number:** 801-73772
- **Registration status:** Registered
- **Reports private funds:** Yes
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/158132

## About

Mak Capital is an SEC-registered investment adviser in New York, NY, registered since 2012. The firm manages approximately $2.0 billion in regulatory assets. It has 12 employees and 6 investment advisers.

## Sectors

- Enterprise Software
- Technology
- Media & Entertainment
- Consumer

## People

- Michael Kaufman — CEO & Chief Investment Officer

## Questions

### Who makes investment decisions at MAK Capital?

Michael Kaufman, the firm's founder, CEO, and Chief Investment Officer, is the sole decision-maker. He built the firm in 2003 after running a specialist arbitrage book at Bear Stearns. Kaufman's investment style — concentrated, catalyst-driven public equity value — has not been delegated to a committee or external managers in any publicly disclosed structure.

### Does MAK Capital invest in private companies or only public equities?

MAK Capital's primary strategy is public equity investing, specifically in small- and mid-cap companies where it can build meaningful ownership stakes. The firm's SEC 13F filings confirm a concentrated portfolio of public names. There is no public record of the firm maintaining a formal private equity or venture capital allocation.

### What was MAK Capital's involvement with Eastman Kodak?

MAK Capital was one of the most visible institutional backers of Eastman Kodak's post-bankruptcy pivot. The firm accumulated a significant stake in the imaging company as it restructured toward commercial printing, advanced materials, and chemicals. The position, held for several years through the turnaround, was exited in early 2024 according to SEC filings — marking the end of a classic Kaufman deep-value trade.

### What sectors does MAK Capital focus on?

MAK Capital concentrates on technology, enterprise software, media, and consumer sectors — areas where Michael Kaufman developed deep expertise at Bear Stearns. Confirmed portfolio holdings over time have included names in payments technology, digital imaging, e-commerce, and enterprise IT services. The firm does not publicly disclose sector exclusions, but its 13F history shows no material energy, commodities, or biotech exposure.

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Last updated: 2026-07-06T01:24:20.724Z

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