Royal Palm Capital Partners

Colin Hannaway is the founder and portfolio manager and makes the central investment decisions. The firm operates with a small team and a concentrated book, meaning Hannaway's risk assessment on individual deal spreads and catalysts directly drives portfolio outcomes. He has run the strategy since the firm's founding in 2003.

The firm runs an event-driven equity strategy, focusing on merger arbitrage and special situations. It takes concentrated positions in companies undergoing announced mergers, acquisitions, spin-offs, or restructurings. The portfolio typically holds 15 to 30 positions, with sizing determined by the spread between the current market price and the expected deal consideration.

As a concentrated event-driven fund, idea generation is heavily driven by public merger announcements, regulatory filings, and corporate press releases. The firm models deal-completion probability by analyzing antitrust risk, shareholder approval dynamics, and financing certainty. It does not operate a large origination network and relies instead on deep analysis of publicly disclosed corporate events.

Royal Palm's strategy is built around publicly traded securities where a corporate catalyst creates a defined payoff structure. Its SEC 13F filings and strategy focus indicate the firm operates in public equity markets, specifically targeting announced mergers and other corporate events. It is not known to run a dedicated private equity or venture capital allocation.

The firm started as a family-office vehicle and later accepted external institutional capital, operating as a registered investment adviser. It manages capital through commingled hedge fund vehicles and separately managed accounts. The firm has maintained a lean organizational structure with Colin Hannaway as the central portfolio manager.