VN Capital Management, LLC

VN Capital Management serves pooled, privately offered limited partnerships for accredited and qualified investors and does not provide individualized advisory accounts. It acts as investment manager and general partner to two funds and reports managing approximately $96 million on a discretionary basis.

The firm employs a bottom-up, conservative value equity process driven by proprietary research to identify small- and micro-cap opportunities that are overlooked or unfairly tainted by adverse news. Portfolios are concentrated (typically six to twelve names), built with a multi-year horizon, emphasized capital preservation through low turnover and no leverage, and may use limited shorting or options in specific situations.

Noteworthy features include a very small investment team running only pooled vehicles and one fund (Fund C) that is substantially invested in a single issuer, holding a majority interest in Ceres Global Ag Corp, which creates issuer- and country-concentration exposure uncommon among peers. The manager also directs performance-based compensation to a related affiliate and has a formal code of ethics with independent compliance monitoring, creating distinctive incentive and oversight arrangements relative to many similarly sized managers.