Asset Manager

Updated:

Meteora Capital

Meteora Capital is an event-driven hedge fund and SPAC specialist founded by Vikas Mittal in 2021, operating from New York, Paris, and London.

Meteora Capital

Meteora Capital was formed in 2021 in New York by Vikas Mittal, a CFA charterholder who serves as Managing Member & CIO. The firm has additional offices in Paris and London. Its wealth origin is not publicly disclosed, and the firm is registered as an SEC investment adviser. The firm's strategy centers on event-driven investments in equities and credit, with a particular focus on the SPAC lifecycle — from public warrant and unit trading to private PIPE and de-SPAC financing. Meteora also provides bespoke structured equity and credit facilities to companies seeking alternative capital solutions. The investment team covers multiple asset classes including SPAC-related securities, private credit, structured equity, and event-driven hedge fund strategies. The firm invests its own capital alongside its institutional clients, aligning incentives. Meteora's 18-person team includes a managing member/CIO, a COO/CFO/CCO, directors, senior associates, execution traders, portfolio strategists, investment analysts (including one with an AI focus), and operations and business development staff. The firm maintains offices in New York, Paris, and London. As of 2026, no recent capital raise or major deployment has been publicly reported outside of ongoing vehicle operations. A structural differentiator is Meteora's dual platform: a public-markets hedge fund optimized for event-driven performance with controlled drawdowns, and a long-duration private-markets fund focused on the SPAC ecosystem. This hybrid structure bridges liquid arbitrage with illiquid private placements, a niche that few registered advisers occupy at scale.

General information

Firm type

Asset Manager

Year founded

2021

AUM

Undisclosed

Location

Region

North America

Country

United States

City

New York

Corporate office

New York, NY, United States

Additional offices

Paris, France · London, United Kingdom

Principals

Vikas Mittal

Managing Member & CIO

Joseph Levy

Chief Operating & Financial Officer, Chief Compliance Officer

Kevin S. Gahwyler

Director

Sector focus

Event-DrivenSPACsPrivate CreditStructured Equity

Frequently asked questions

Who runs investment decisions at Meteora Capital?

Vikas Mittal, CFA, serves as Managing Member and Chief Investment Officer. He founded the firm in 2021 and leads the investment team of analysts, traders, and portfolio strategists. Joseph Levy, CPA, handles operations and compliance as COO/CFO/CCO.

How does Meteora generate proprietary deal flow?

Meteora's SPAC focus provides a built-in pipeline: it trades public SPAC securities, sources PIPE and de-SPAC transactions via sponsor relationships, and structures customized financing for companies. The firm's structured equity and credit business serves corporate issuers directly, creating an additional origination channel.

Is Meteora structured as a family office or as a registered investment adviser?

Meteora Capital Management, LLC is an SEC-registered investment adviser, not a family office. It invests significant internal capital alongside clients but operates as a professional asset manager targeting institutional investors.

Does Meteora participate in fund commitments or only direct deals?

Meteora manages both a public-markets hedge fund and long-duration private-markets funds. The private funds engage in direct SPAC-related investments including PIPE and de-SPAC transactions, while the hedge fund trades event-driven strategies across liquid equities and credit.

What investment stages does Meteora typically target?

The firm covers the full SPAC lifecycle — from public warrant and unit trading to private PIPE and de-SPAC investments. It also provides customized structured equity and credit solutions to companies at various stages.

Which sectors does Meteora explicitly avoid?

Meteora does not publicly disclose any excluded sectors. Its event-driven approach means it focuses on corporate events (SPAC mergers, capital structure changes) rather than specific industries.

Profile maintained by using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.

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