Updated:
Two Creeks Capital Management, LP
John R. Kramer established Two Creeks Capital Management in 2009 after a decade-long career at Citadel Investment Group, where he served as a senior...
Two Creeks Capital Management, LP
John R. Kramer established Two Creeks Capital Management in 2009 after a decade-long career at Citadel Investment Group, where he served as a senior equity analyst covering industrials. The firm began managing outside capital but shifted to family-office structure in subsequent years. Kramer is the sole named principal (per public record). The fund runs a long/short equity strategy focused on North American mispriced securities. It targets deep-value, catalyst-rich situations and event-driven plays. The concentration in 15 to 25 positions marks a high-conviction approach. The firm has disclosed no named portfolio companies, co-investors, or direct deal flow outside its own fund. Two Creeks operates from its New York headquarters with a lean team. The firm manages approximately $2 billion in assets (Altss estimate from available public figures). No additional offices or philanthropic structures are publicly linked to the firm. Kramer serves as managing partner and portfolio manager; the firm does not maintain a formal advisory board or outside investment committee per public filings. The key structural differentiator is the firm's hybrid status — a hedge fund that operates with family-office governance, with Kramer as sole investment decision-maker. The concentration in a small number of high-conviction bets suggests a willingness to hold concentrated risk akin to a fabric of the family’s own capital.
General information
Firm type
Hedge Fund
Year founded
2009
AUM
Below $5 billion (Altss estimate)
Location
Region
North America
Country
United States
City
New York
Corporate office
New York, NY, United States
Principals
John R. Kramer
Founder and Managing Partner
Matthew S. McGrath
Chief Operating Officer
Sector focus
Frequently asked questions
Who runs investment decisions at Two Creeks Capital Management?
John R. Kramer is the founder, managing partner, and sole portfolio manager. He makes all investment decisions for the long/short equity fund. Kramer previously spent a decade at Citadel as a senior equity analyst covering the industrial sector.
Is Two Creeks structured as a family office or a hedge fund?
The firm is registered as a hedge fund with the SEC but operates with a family-office governance model. It began managing outside capital but has since concentrated on the Kramer family's capital. As a result, it functions as a single-family office that uses a hedge fund vehicle.
What investment strategy does Two Creeks employ?
The fund focuses on long/short equity investing in North American markets. It targets deep-value, mispriced securities with identifiable catalysts. The portfolio is concentrated in 15 to 25 positions, indicating a high-conviction orientation with event-driven elements.
Does Two Creeks disclose its portfolio holdings or named investments?
No, the firm does not publicly disclose specific portfolio companies or individual holdings. SEC filings for its hedge fund vehicle may show quarterly 13F filings that reveal equity positions, but the firm does not release a list of portfolio companies or co-investments.
How is Two Creeks related to Citadel?
John Kramer founded Two Creeks after leaving Citadel, where he had been a senior equity analyst. There is no other formal affiliation between the two firms. Two Creeks operates independently from Citadel.
Where does the wealth behind Two Creeks originate?
The origin of the Kramer family wealth has not been publicly disclosed. John Kramer accumulated capital through his career in finance, including his decade-long tenure at Citadel and any prior roles. No specific family business or inheritance is publicly associated with the firm.
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.
Need institutional-grade insight on family offices?
Altss delivers:
Prefer a guided tour?
We’ll walk you through: