Perryridge Capital

Perryridge Capital

Perryridge Capital quietly began operating in Greenwich, Connecticut, shortly after Richard Perry closed his iconic hedge fund in 2016. Perry founded Perry Capital in 1988 and built it into a $10 billion investment firm known for event-driven and distressed expertise. The closure, forced in part by a wrong-way bet on Fannie Mae and Freddie Mac preferred shares, marked the end of an institutional era. Perryridge is the single-family office vehicle that emerged, managing wealth generated from that prior career. The firm deploys capital across real estate, private credit, and selected public-market opportunities with a deep-value and event-driven lens. Perryridge has been an active direct lender and real estate investor, with known positions spanning residential and commercial property in the Northeast and select Sunbelt markets. The firm targets niche, capital-intensive situations — often debt instruments, structured credit, or physical real assets requiring operational oversight — rather than minority equity stakes in venture-backed companies. Perryridge's geographic footprint centers on the United States, with a heavy concentration in Connecticut and New York. The firm is run entirely by Richard Perry and a small internal investment team. No outside institutional capital is managed. Perryridge has been active in acquiring distressed real estate notes and originating private loans since its inception. In May 2024, Barron's reported on Richard Perry's sale of his seventeen-acre waterfront Greenwich estate, one of the most expensive residential properties in the area — a transaction that did not signal a change in firm strategy but framed the scale of the principal's personal real-asset engagement. Perryridge's core difference from a traditional multi-strategy family office is its lineage. Almost every current allocation decision filters through the mind of one of the Street's most recognized distressed-debt veterans. The firm is structurally post-redemption; with no outside limited partners, it can warehouse physical assets and illiquid loans across a full credit cycle. This architecture gives it the capital patience that Perry's prior hedge fund, by design, could never achieve.