North Ground Capital

Overview

North Ground Capital is a private investment firm specializing in alternative investments, including hedge funds and private equity, for institutional clients. The firm focuses on generating uncorrelated returns by investing in funds and development companies across various sectors and stages. Their investment strategy targets relative value and special situations across closed-end funds, business development companies, and operating companies with similar dynamics. North Ground Capital's portfolio spans multiple industries, including financial services, real estate, technology, healthcare, consumer goods, energy, industrial, media, telecommunications, transportation, utilities, materials, consumer services, retail, and business services. The firm is headquartered in Cohasset, Massachusetts, and primarily focuses on investments within the United States. Their investment sizes range from $1 million to $50 million, catering to both growth and late-stage opportunities, as well as pre-IPO, buyout, turnaround, and distressed situations. North Ground Capital is led by Founder, Chief Investment Officer, and Managing Partner Jenaro Cardona-Fox, who has a background in long-short equity hedge funds and special situations. The firm's team also includes Chief Operating Officer and Chief Compliance Officer Stuart Murphy, who has experience in operations management within alternative investment firms. North Ground Capital is committed to providing sustainable and flexible funding solutions, working collaboratively with borrowers and co-lenders to address complex challenges in the investment landscape. Their approach emphasizes patient, passive, structured senior capital for strong projects and portfolios throughout the United States. The firm seeks to create durable solutions to complex problems by funding resilient foundations of construction, bridge, term, and permanent full-stack capital solutions. North Ground Capital's investment philosophy is centered on low-risk capital solutions designed to withstand multiple market cycles, ensuring the sustainability and success of their investments over time. Their flexible funding options include C-PACE, first mortgage, and private credit solutions, tailored to meet the diverse challenges faced by property owners and lenders in the commercial real estate sector. With a dedicated team and a strategic approach, North Ground Capital continues to make a significant impact in the investment community, delivering value to their institutional clients and contributing to the growth and development of various industries across the United States. The firm's leadership team brings a wealth of experience and expertise to the table. Jenaro Cardona-Fox, with his extensive background in hedge funds and special situations, provides strategic direction and oversight for the firm's investment activities. Stuart Murphy's operational expertise ensures the firm's compliance and efficient management of its investment processes. Together, they lead a team committed to excellence and innovation in the investment sector. North Ground Capital's commitment to impact investing is evident in their focus on sustainable and flexible funding solutions. They aim to create positive social and environmental impact while generating strong financial returns by investing in companies, private equity funds, and infrastructure projects that make the world a better place. Their approach to impact investing is comprehensive, seeking to address complex challenges through collaborative efforts and innovative solutions. The firm's dedication to impact investing is further demonstrated by their active involvement in various sectors, including cleantech, waste and water, sustainable food and agriculture, and healthy living. By focusing on these areas, North Ground Capital aims to contribute to a more sustainable and equitable future, aligning their investment strategies with broader societal goals. Their impact investing initiatives are desi