Redwood Shores, CA Office

Twin Lakes Capital is a registered investment adviser that primarily serves individual and family clients, including high-net-worth households, managing about $314.7 million in discretionary assets for roughly 83 accounts with a small advisory team. The firm offers portfolio management and comprehensive financial planning, and for qualified clients it also facilitates investments in private funds and other alternative vehicles.

Twin Lakes describes a long-term, value-driven investment process that combines macro top-down and proprietary bottom-up fundamental analysis, with selective tactical and event-driven positions and a generally defensive bias to reflect typical client risk profiles. For clients who meet its “qualified client” criteria, the firm may recommend private investment funds that can be illiquid for extended periods and for which it accepts performance-based compensation on the fund allocation.

Distinctive features include a typical account minimum of $3 million (which the firm may waive) and the firm’s practice of receiving performance fees solely on client investments in third‑party private funds, a compensation arrangement that differs from the majority of advisors who do not charge performance fees. The firm operates only on a discretionary basis with a compact advisor team, and it participates in Schwab and TD Ameritrade institutional programs that provide business benefits to the firm in addition to custody and execution services.