Founded in 2006, Case Capital is headquartered in the heart of downtown Minneapolis. 

INVESTMENT APPROACH 

The Case Capital Fund is a concentrated small cap centric investment vehicle with a core focus in emerging growth companies. 

We endeavor to invest in small to mid capitalization companies whose shares, in the opinion of Case Capital, have fallen below their intrinsic value.  Case Capital will seek to invest Fund assets in companies with large cash balances, strong cash flow, or low price to sales multiples to mitigate risk on an individual security level.  Case Capital will typically look for one of the following scenarios when making equity investments in undervalued securities:

Interrupted Growth: Case Capital will look for young growth companies whose rapid growth has been interrupted by internal or external factors causing extreme undervaluation. These interruptions are usually caused by inability to reach sales or earnings goals set by the company or the research analysts who write research on them.  Resumption of growth from a lower base can create dramatic price appreciation as the multiple rises along with earnings reacceleration.

Product Cycle Recovery: Emerging to mature companies often transition to newer generations of their core product. These companies can become undervalued as higher R&D is coupled with a weak selling environment as customers delay purchases in anticipation of newer generation or product or service.  The ideal scenario, is where earnings estimates prove to be too low as new product sales accelerate and expenses moderate.

Cyclical Recovery Situations: Many companies’ end markets and cost structures are impacted by commodity prices and/or fluctuating capacity within their industry. Representative examples are food companies and semiconductors. Case Capital will endeavor to identify these situations at cyclically low valuations early in the recovery phase of pricing, capacity, commodity costs etc.