MFP Capital

Michael Price is the sole investment decision-maker. The office does not use an investment committee or external advisors. Price built his reputation running Mutual Series Funds, where he personally directed security selection for over two decades before its sale to Franklin Templeton in 2001.

MFP Capital has no legal or operational affiliation with Franklin Templeton or the Mutual Series funds. Price sold Mutual Series to Franklin in 2001 and remained with the acquirer for a transition period. He later established MFP Capital as an entirely separate family office managing his own capital.

No. MFP Capital adheres to a public-markets and direct-deal discipline rooted in Price's value investing framework. There is no known participation in venture capital, growth equity, or blind-pool private equity fund commitments. The office targets individual distressed securities, equities, and real estate deals that allow for bottom-up fundamental analysis.

No. MFP Capital is a proprietary single-family office. It does not raise external capital, manage funds for third parties, or offer co-investment slots. Price has structured the office explicitly to avoid external LP reporting and redemption pressures.

The office targets opportunistic commercial real estate in North America, typically assets that are under-managed or financially distressed. Known activity includes direct property acquisitions where Price can apply the same valuation discipline he uses in securities — buying at a discount to intrinsic value and holding through repositioning.

MFP Capital does not publicly disclose AUM. The office is estimated to manage between $300 million and $500 million in proprietary capital, based on the known proceeds from Price's Mutual Series sale and subsequent investment activity. This figure is an Altss estimate.

Michael Price is active philanthropically, particularly in education funding, but MFP Capital operates strictly as an investment entity. The office does not house a foundation or donor-advised fund within its legal structure. Philanthropic activities are conducted through separate vehicles.