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Wexford Capital
Wexford Capital was founded in 1994 by Charles Davidson and Joseph Jacobs, two investors whose careers together span more than half a century.
Wexford Capital
Wexford Capital was founded in 1994 by Charles Davidson and Joseph Jacobs, two investors whose careers together span more than half a century. The firm operates from six US offices — including West Palm Beach, San Francisco, and Los Angeles — and is structured as an SEC-registered investment adviser running a value-oriented, multi-strategy book. The firm deploys capital across public equities, private equity, private credit, and real assets, with a mandate that allows it to pivot wherever quality assets trade below intrinsic worth. Wexford’s investment process is anchored in its foundational private-equity experience; it seeks to isolate situations where its view diverges from the market consensus. While the firm does not disclose a specific AUM, its multi-strategy structure lets it commit to direct deals, structured credit, and publicly traded securities from the same pool of capital. Wexford’s leadership remains concentrated in its two founding partners, and the firm emphasizes a collaborative culture that pushes differentiated viewpoints across every part of the investment process. The geographic footprint stretches from the West Coast to South Florida, with additional outposts in Pleasant Hill, Beverly Hills, and Reno supporting deal sourcing and asset management. No separate philanthropic foundation or adjacent club vehicle is publicly documented. The firm’s structural differentiator is its insistence on running public and private market strategies through a single private-equity lens — a posture closer to a permanent-capital allocator than to a traditional hedge-fund platform. By keeping the partnership tight and the mandate opportunistic, Wexford sidesteps the silos that force most multi-strategy shops to segment teams by asset class.
General information
Firm type
Asset Manager
Year founded
1994
AUM
Undisclosed
Location
Region
North America
Country
United States
City
West Palm Beach
Corporate office
West Palm Beach, FL, United States
Additional offices
Pleasant Hill, CA · San Francisco, CA · Beverly Hills, CA · Los Angeles, CA · Reno, NV
Principals
Charles Davidson
Founding Partner
Joseph Jacobs
Founding Partner
Sector focus
Frequently asked questions
Who runs investment decisions at Wexford Capital?
Investment decisions are driven by founding partners Charles Davidson and Joseph Jacobs, whose careers together span more than five decades. The firm states that its core leadership team instills a collaborative culture designed to produce differentiated viewpoints across all parts of the investment process. No additional named investment committee members or sector heads are publicly disclosed.
How does Wexford Capital source deal flow?
Wexford does not publish a detailed origination playbook, but its six-office US footprint — spanning West Palm Beach, San Francisco, Los Angeles, Beverly Hills, Pleasant Hill, and Reno — provides geographic coverage that supports sourcing across public and private markets. The firm’s opportunistic, value-oriented mandate means deal flow likely emerges from credit dislocations, corporate carve-outs, and real-asset transactions where the founding partners' long-standing relationships and private-equity experience give them an early look.
Is Wexford Capital a hedge fund, a private equity firm, or a hybrid?
Wexford is an SEC-registered multi-strategy investment firm that operates as a hybrid. It invests across public equities, private equity, private credit, and real assets from a single pool of capital, applying a private-equity mindset to all of its positions. This structure lets it hold concentrated private stakes while also trading liquid securities, making it closer to an opportunistic allocator than to either a pure hedge fund or a blind-pool private equity fund.
What investment stages or asset classes does Wexford target?
The firm targets public equities, private equity, private credit, and real assets. It does not publish stage-based guardrails — such as venture, growth, or buyout — but its value-oriented approach suggests it favors control or significant-minority positions in established businesses and distressed or complex situations where it can buy assets below intrinsic worth.
Why doesn't Wexford Capital disclose its AUM?
Wexford has not publicly disclosed a precise AUM figure, which is common among privately held multi-strategy managers that do not market to a broad retail audience. The firm’s SEC registration requires periodic filings, but it has chosen not to publish assets under management on its website or in publicly available press releases.
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