Saint John, FL Office

Capco Asset Management is a small team adviser that provides discretionary portfolio management to individuals, including high-net-worth clients, and to pooled investment vehicles through a private investment partnership for which it serves as general partner. It manages assets through separate, client-owned accounts and the partnership, and has implemented a soft close on new partnership admissions while continuing to accept separate-account relationships.

The firm pursues concentrated investments primarily in public equities, selected on the basis of business quality, management quality and valuation, while maintaining a broad investment charter that permits other instruments and, within the partnership, short sales and leverage. Capco generally manages accounts on a discretionary, non-customized basis and communicates performance and portfolio activity to clients through quarterly reports and occasional letters; partnership investors also receive audited financial statements.

Several operational features distinguish Capco from many peers: a principal maintains an active law license, the firm operates as a private fund adviser offering investors a choice of performance‑based compensation alongside asset‑based fees, and principals co-invest alongside clients. The firm also voluntarily absorbs certain partnership expenses, permits limited borrowing in some client accounts, and requires custody through a single major custodian—practices that affect reporting, potential conflicts and the firm’s administrative structure.