This week we’re using OWL data to identify small and emerging managers, many of which have recently spun out of larger, well-known firms. We used several tools on the OWL platform - our Form D feed, New ADV filers, Top News feed, People Moves feed, etc. - to compile the list below of a handful of managers.

In Friday’s newsletter, users received the full list of 60 managers in addition to details on rumored (and not yet named) new launches that we’re watching for.

Altura Capital Partners

  • Location: New York

  • Key People: Michael Schor

  • Previous Firm: Bain Capital Partnership Strategies, Darsana

  • Note: Founded 2026, opportunistic strategy focused on “niche energy transition markets and assets”

Camphora Capital

  • Location: Tokyo

  • Key People: Yuki Takenaka

  • Previous Firm: Janchor

  • Note: Founded 2024, Japanese activist hedge fund

Double Break

  • Location: Boston

  • Key People: Charlie Brody

  • Previous Firm: AltaRock

  • Note: Founded 2026, concentrated long-term value

Duration Ventures

  • Location: San Francisco

  • Key People: Arif Janmohamed, Trevor Oelschig

  • Previous Firm: Lightspeed, General Catalyst

  • Note: Launched 2026, early-stage enterprise AI

Fern Capital Partners

  • Location: Holte, Denmark

  • Key People: Anders Heegaard, Kasper Harboe Mikkelsen

  • Previous Firm: Nordflint

  • Note: Founded 2025, concentrated European quality equities

Golden Mean

  • Location: New York

  • Key People: Jonathan Bloom

  • Previous Firm: Discerene

  • Note: Founded 2024, concentrated global equity

Kizuna Investment

  • Location: Singapore

  • Key People: Hikaru Teramoto

  • Previous Firm: Lighthouse/Penglai Peak, Polymer

  • Note: Founded 2026, Japan L/S equity

Loon Lake Capital Management

  • Location: Boston

  • Key People: Adam Mikkelson

  • Previous Firm: Camber Capital Management

  • Note: Founded 2025, potentially healthcare-focused

Sandstone Funds

  • Location: Sydney, Australia

  • Key People: Harrison Moot, Fraser Christie

  • Previous Firm: TDM Growth, Macquarie, Anchorage Capital Partners

  • Note: Founded 2024, developed markets-focused concentrated growth equity

Shoten Capital

  • Location: Austin, TX

  • Key People: Mark Rogers, Scott Leslie

  • Previous Firm: Soroban, Third Point

  • Note: Founded 2025, early-stage VC and growth equity

Vedant Capital Partners

  • Location: New York

  • Key People: Pulkit Agarwal, Ankit Gupta

  • Previous Firm: Spruce House, Carlyle, Advent

  • Note: Launching 2026, US and India focus, targeting franchised businesses at dislocated valuations

Wyeth

  • Location: Bellevue, WA

  • Key People: Yoichi Suhama

  • Previous Firm: Taiyo

  • Note: Founded 2025, Japan-focused activist hedge fund

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About Old Well Labs

OWL is an intelligence platform built for allocators, by allocators. Leading endowments, foundations, and family offices use the system to find, monitor, and connect with thousands of fund managers globally. OWL's analytics engine has collected over one billion data points from 65 countries. We make it easy for allocators to find and track information about the managers they care about – not just positions but also performance analytics, people data, business information, and details about the manager investments of other allocators.

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Disclaimers

Returns represent the return on invested capital of publicly disclosed long positions, as calculated by OWL. Actual returns may vary based on a number of factors, including (but not limited to) undisclosed positions, short exposure, non-equity holdings, cash holdings, and lagged disclosure of positions.

This newsletter and the material on the Old Well Labs platform are for informational purposes only and should not be considered investment advice or a recommendation of any particular security, manager, or strategy. Certain investment managers, funds, or limited partners (“LPs”) referenced herein may be current or prospective clients of Old Well Labs, and Old Well Labs may have business relationships with such parties. Accordingly, references to any manager, fund, or LP should not be construed as an endorsement, recommendation, or solicitation. Old Well Labs shall not be liable for any investment gain or loss that may occur from the use of this material. No part of this material may be reproduced in any form or used in any publication without express written permission from Old Well Labs.

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