Tilden Path Capital LLC

Tilden Path Capital LLC is a small, state‑registered independent investment adviser that provides discretionary portfolio management to individual and high‑net‑worth clients through separately managed accounts and, recently, as investment manager to a private pooled investment vehicle. The firm manages roughly $12.8 million for about a dozen clients and documents client goals, time horizons and any investment restrictions as part of its ongoing advisory services.

The firm’s SMA work is discretionary and may include a technology‑focused small‑ and mid‑cap equity strategy and limited options strategies such as covered calls and cash‑secured puts; qualified clients can opt into performance‑based compensation arrangements instead of solely asset‑based fees. Its private fund runs a concentrated, long‑only small‑ and mid‑cap tech equity strategy that emphasizes bottom‑up fundamental research supported by a proprietary Durable Growth Score framework and does not employ leverage or short selling.

Compared with peers, Tilden Path displays a few uncommon features: it uses derivatives in separately managed accounts and offers performance‑based fee arrangements both at the SMA level (for qualified clients) and within the private fund, and the adviser and the fund’s general partner are under common control. The brochure discloses side‑by‑side management considerations and operational mitigants — including written trade allocation and compliance policies — and notes that the fund and SMAs are maintained at different custodians, which can prevent block trading and create execution differences across account types.