# MFP Capital

MFP Capital is a RIA based in Santa Barbara, United States.

## Overview

- **Organization type:** RIA
- **Headquarters:** Santa Barbara, United States
- **Region:** North America
- **Address:** New York, NY, United States
- **Founded:** 2010
- **Assets under management:** Estimated $300M–$500M (Altss estimate)

## Regulatory record

- **CRD number:** 136137
- **Registration status:** Registered
- **Reports private funds:** Yes
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/136137

## About

MFP Capital, LLC is a state-registered investment adviser with offices in Santa Barbara, CA. It provides investment advice to clients. The firm is headquartered in California.

## Sectors

- Value Equities
- Distressed Debt
- Real Estate
- Special Situations

## People

- Michael Price — Principal

## Questions

### Who runs investment decisions at 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.

### Does MFP Capital invest in venture capital or private equity funds?

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.

### How large is MFP Capital by assets under management?

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.

## Related profiles

- [LIFEFOCUS FINANCIAL ADVISORS, LLC](https://altss.com/profile/lifefocus-financial-advisors-llc)
- [Playbook Advisers](https://altss.com/profile/playbook-advisers-llc)

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Last updated: 2026-07-06T01:24:21.273Z

Canonical page: https://altss.com/profile/mfp-capital-llc

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