Gratia Capital, LLC

Gratia Capital primarily serves pooled investment vehicles and institutional sub‑advisory clients, managing its strategies on a discretionary basis with approximately $185.8 million in regulatory AUM. The firm provides investment management to a private fund and to sub‑advisory accounts rather than individualized retail advisory services.

The firm describes a multi‑strategy, value and event‑oriented investment approach driven by single‑name fundamental analysis, thematic idea generation, and bottom‑up due diligence. Gratia Capital invests across the corporate capital structure—establishing long, short and hedged positions—and may employ derivatives, short sales and leverage while concentrating sector exposure in consumer, industrials and real estate and trading opportunistically in developed non‑U.S. markets.

Notably, the brochure discloses that Gratia Capital’s authority can include trading futures, options and swaps and references relationships with futures commission merchants, activities that align with operating as a commodity pool operator or trading advisor and are less common among peers in this category. The firm’s business is concentrated in pooled vehicles with performance‑based compensation arrangements and is positioned for experienced, sophisticated investors who accept limited liquidity.