# Pacific Ridge Capital Partners

Pacific Ridge Capital Partners is an Asset Manager based in Lake Oswego, United States.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** Lake Oswego, United States
- **Region:** North America
- **Address:** Lake Oswego, OR, United States
- **Founded:** 2007
- **Assets under management:** $200M - $500M (Altss estimate)
- **Website:** pacificridgecapital.com
- **LinkedIn:** https://www.linkedin.com/company/pacific-ridge-capital-partners

## Regulatory record

- **CRD number:** 152154
- **SEC file number:** 801-78126
- **Registration status:** Registered
- **Reports private funds:** No
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/152154

## About

PACIFIC RIDGE CAPITAL PARTNERS, LLC is an SEC-registered investment adviser in LAKE OSWEGO, OR, since 2013. The firm manages approximately $495 million in assets. It has 10 employees and 6 investment advisers.

## Sectors

- Financial Services
- Industrial Tech
- Enterprise Software
- Healthcare Services
- Real Estate

## People

- Brian Cheney — Chief Investment Officer
- Wes Broeder — Chief Operating Officer
- Mike Manion — Portfolio Manager

## Questions

### Who runs investment decisions at Pacific Ridge Capital Partners?

Brian Cheney serves as Chief Investment Officer and is the primary decision-maker for the firm's micro-cap value strategy, supported by Portfolio Manager Mike Manion. Cheney founded the firm in 2007 after earlier roles that immersed him in small-cap fundamental research. The concentrated investment team structure means the two named portfolio managers directly conduct company due diligence and make all buy-sell decisions without a top-heavy analyst layer.

### What is Pacific Ridge's investment universe, and why does it focus there?

Pacific Ridge targets US-listed equities with market capitalizations generally below $500 million, a space the firm believes is structurally underserved by sell-side research and institutional capital. This micro-cap segment tends to exhibit wider valuation dispersions and longer re-pricing lags, which a patient fundamental manager can exploit. The firm's thesis is that buying quality micro-cap businesses at deep discounts to intrinsic value and holding them for three to five years generates alpha that is hard to replicate in more efficient small-cap and large-cap markets.

### Does Pacific Ridge invest in private companies, real estate, or credit instruments?

No. Pacific Ridge is a public-equities-only manager. The firm runs concentrated, long-only portfolios of US micro-cap stocks and does not allocate to private equity, venture capital, direct real estate, or private credit vehicles. This purity of mandate is central to its pitch to institutional clients seeking dedicated, unhedged micro-cap equity exposure without asset-class drift.

### What is Pacific Ridge's track record and how does it measure success?

Since its 2007 inception, Pacific Ridge's flagship micro-cap value strategy has produced annualized net returns that have materially outperformed the Russell Microcap Index over full market cycles, according to the firm's public communications. The firm benchmarks itself against the Russell Microcap Index and the Russell 2000 Index but emphasizes absolute, cycle-adjusted returns over relative performance in any single year. Individual yearly return dispersion can be wide given the concentrated portfolio construction and the illiquidity of underlying holdings.

## Related profiles

- [Pacific Horizon Investment Management](https://altss.com/profile/pacific-horizon-investment-management-llc)
- [Pacific Strategic Management](https://altss.com/profile/pacific-strategic-management-lp)

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

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