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Precept Capital Management
Precept Capital Management is a Dallas-based RIA founded in 1998, running long-short fundamental strategies and private funds across three US offices.
Precept Capital Management
Precept Capital Management was established in 1998 and operates as a registered investment advisor headquartered in Dallas, Texas. The firm maintains additional offices in New York and Nashville, reflecting a multi-city operational footprint across the United States. Public sources do not disclose the founding principal(s) or the origin of the firm's initial capital. The firm specializes in long-short fundamental strategies and private funds, indicating a dual approach that combines public equity hedging with illiquid private investments. Precept's exact deployment structure — whether through direct co-investments, fund-of-funds, or separate accounts — is not specified in available materials. The firm's geographic presence spans two named US regions: the Northeast (New York) and the South (Dallas, Nashville). No named portfolio companies, deals, or co-investors are publicly documented. Total professionals count and AUM are not disclosed. The firm's latest observable operational event is its ongoing registration as an RIA, per regulatory filings. No named adjacent vehicles — such as philanthropic foundations or operating companies — are publicly linked to Precept. A significant gap in public data limits full assessment of team scale and recent activity. Precept Capital Management's structural differentiator lies in its simultaneous operation of long-short hedge fund strategies and private funds under a single RIA registration. This hybrid model allows the firm to offer both liquid hedged exposure and illiquid private placements within one regulated entity, though the relative emphasis between the two vehicles is unclear. The firm's succession and governance structures are not publicly documented.
General information
Firm type
Asset Manager
Year founded
1998
AUM
Undisclosed
Location
Region
North America
Country
United States
City
Dallas
Corporate office
Dallas, TX, United States
Additional offices
New York · Nashville
Sector focus
Frequently asked questions
Who runs investment decisions at Precept Capital Management?
Precept Capital Management's investment leadership is not publicly disclosed. The firm's website and regulatory filings do not name a CEO, CIO, or managing principal. This lack of named leadership makes external due diligence challenging (per firm website).
How does Precept Capital Management source proprietary deal flow?
Precept's sourcing model is not publicly documented. As a registered investment advisor operating in both long-short and private fund strategies, the firm likely leverages its multi-office network. However, no specific deal-sourcing advantages or proprietary channels have been disclosed (per firm website).
Is Precept Capital Management structured as a family office or a traditional asset manager?
Precept Capital Management is a registered investment advisor, not a family office. It does not describe itself as a single-family or multi-family office. The firm's dual focus on long-short hedged strategies and private funds aligns more with a traditional asset manager or hedge fund platform.
Does Precept Capital Management participate in fund commitments or only direct deals?
This is unclear from public sources. The firm offers private funds, which may involve direct investments or commitments to external vehicles. No details on co-investment structures, SPVs, or fund-of-funds activity are publicly available (per firm website).
What investment stages does Precept Capital Management typically target?
Precept's investment stage focus is not publicly specified. The firm's long-short fundamental strategies suggest public equity positions, while its private funds could span growth equity, buyouts, or other stages. No stage-specific commitments have been confirmed.
Which sectors does Precept Capital Management explicitly avoid?
Precept Capital Management does not publicly disclose any sector avoidance. The firm's website lists no negative screens or excluded industries. Without disclosed holdings or strategy documents, sector preferences remain unknown (per firm website).
Where does the underlying wealth come from?
The underlying wealth or capital origin for Precept Capital Management is not disclosed. The firm does not name its founding individuals or initial backers. No public records connect Precept to a specific family fortune or institutional anchor.
Profile maintained by Altss 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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