Windward Capital Partners

Windward Capital Partners

Windward Management LP was founded by Marc Chalfin to run a concentrated equity long/short strategy built on fundamental value and catalyst identification. Chalfin brought 20 years of experience deploying significant capital at multi-billion-dollar long/short and catalyst-driven firms, including a recent three-year stretch as a Portfolio Manager at Shay Capital. Shay Capital itself is a day-one investor in the Windward fund, providing an anchor commitment that signals institutional continuity from Chalfin's prior platform. Windward concentrates its book in underfollowed SMID-cap companies where it identifies inflecting fundamentals — specifically, the point where earnings depression and multiple compression begin reversing into tailwinds. The firm explicitly targets asymmetric risk/reward profiles of 5-to-1 and holds positions over a 6-to-24-month window. The investment process is primary-research-intensive and deeply fundamental, designed to capture the powerful convergence of earnings recovery and multiple expansion before the broader market prices the shift. No specific portfolio holdings have been publicly disclosed. The firm operates from a single office in New York and has not published team headcount, total AUM, or deployment figures. No adjacent vehicles, philanthropic foundations, or co-investment clubs have been reported. Operations appear deliberately lean, structured around Chalfin as the central investment decision-maker running a single research pod. Windward functions as a tightly held manager — effectively a seeded single-pm platform backed by Shay Capital at launch. Unlike multi-manager platforms where risk is systematically stripped out, Windward runs concentrated, conviction-weighted exposures that depend entirely on Chalfin's primary research and catalyst judgment. There is no disclosed succession structure or external board, making the firm's alpha-generation model inseparable from its founder's capacity to source and size underfollowed SMID-cap dislocations.