Kestrel Investment Management Corporation

Overview

Kestrel Investment Management Corporation is a private investment firm based in San Mateo, California, focusing on real estate and financial services investments across the United States. The firm specializes in buyouts, turnarounds, and distressed asset acquisitions, targeting opportunities where management is actively working to enhance shareholder value. Kestrel's investment strategy emphasizes identifying undervalued assets undergoing voluntary restructuring, such as corporate share repurchases, spin-offs, and asset sales, to achieve superior long-term returns. The firm's disciplined approach has led to consistent performance across market cycles, with significant outperformance during flat and declining markets. Kestrel's experienced team, led by co-founders Abbott Keller and David Steirman, is dedicated to delivering value to investors through meticulous research and strategic investment decisions. The firm's commitment to client service and its focus on managing a limited amount of capital allow for personalized attention and tailored investment solutions. Kestrel's small-cap orientation stems from the observation that shares of companies lacking institutional coverage are more likely to be inefficiently priced, providing clearer management signals and attractive risk/return profiles. This approach has been refined over more than thirty years, establishing Kestrel as a reputable player in the private investment sector.

Investment Focus

• Focus on real estate and financial services sectors
• Preference for buyout, turnaround, and distressed asset opportunities

Portfolio Companies