01 / Who We Are
Creek Drive Capital
Creek Drive Capital is a boutique investment manager focused on event-driven opportunities. We combine decades of market experience with rigorous quantitative methods to identify mispricings as they emerge—and size positions to compound over time.
02 / Creek Drive Philosophy
The Creek Drive Philosophy
Delegated investment management is an industry riddled with misaligned incentives. Managers are paid to gather assets, not generate returns. Creek Drive was built on a different premise: every structural decision we make should align our interests with our investors'.
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We spend our time generating returns, not selling.
Nearly all of our resources go toward alpha. No salespeople, no deck, no one-pager. The fund accepts new capital only during brief windows, and only after return hurdles have been met for existing investors. We don't take new money until we've demonstrated we can manage it. Our hurdle is high enough that size constrains itself: if returns compress as we grow, the fund stops accepting new capital. The time we spend on communication goes to the investors we already have, with a letter on the first calendar day of every month, without exception.
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Our money is in the fund.
The firm's principals hold a significant portion of their net wealth in the fund. Every outside investor pays the same fees, with no side letters, and those fees demand performance: we generate returns, or capital will (and should) redeem.
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We take real positions and accept the consequences.
We aim to size positions to match our edge: small where it's thin, large where our research earns conviction. We win or lose on our judgment, and we live with the outcome.
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We judge decisions by their reasoning, not their results.
Good process sometimes loses money. Bad process sometimes makes it. Our monthly letter reflects this: we strive to dissect our mistakes with the same rigor as our wins, and we don't let a good outcome excuse a bad decision or a bad outcome condemn a good one.
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Making markets more efficient is the job.
Active managers earn returns by correcting mispricings. That is the economic function of this business, and we embrace it. We publish our research and reasoning instead of hoarding it. Public scrutiny sharpens our work, and the feedback makes us better investors. Alpha isn't a handful of shiny rocks, gone forever once given away. It's the process of approaching an ocean of inefficiencies and methodically solving them.
If this is how you think about investing, we'll get along.
03 / Creek Drive Capital Performance
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | S&P 500 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | – | – | – | – | – | – | – | +9.7% | +5.1% | +0.7% | +7.0% | +2.6% | +27.5% | +7.1% |
| 2025 | +2.1% | +3.4% | -8.9% | -2.3% | +8.7% | +14.3% | +5.9% | +7.5% | +13.7% | +8.1% | +4.7% | +1.5% | +73.7% | +17.9% |
| 2026 | +0.5% | +5.3% | -3.7% | +5.6% | +7.1% | -1.0% | – | – | – | – | – | – | +14.1% | +10.2% |
All data as of May 31, 2026 · Source: Opus Fund Services · Benchmark: S&P 500 Total Return · Net of a 2% management fee and 20% performance allocation · Past performance is not indicative of future results.
Performance Disclosures
The following disclosures relate to the performance information presented above for Creek Drive Capital Management, LP (the “Fund”), managed by Creek Drive Management Group LLC and its affiliates (“Creek Drive”), and should be read together with Creek Drive’s full Important Disclosures, which apply to all content on this website.
THE PAST PERFORMANCE OF ANY INVESTMENT, INVESTMENT STRATEGY OR INVESTMENT STYLE IS NOT INDICATIVE OF FUTURE PERFORMANCE. No representation is being made that any investment or transaction will or is likely to achieve the profits or losses similar to those achieved in the past, or that significant losses will be avoided.
Performance of the Fund. Net returns presented are based on an investment in the Fund as of August 1, 2024 (with no additional contributions or withdrawals) and participation in “new issues”. Performance information is current only as of the date indicated and may differ materially from current or future performance results. Net returns include the reinvestment of all dividends, interest and capital gains, and the deduction of quarterly management fees of 0.50% (approximately 2% per year), brokerage commissions and a performance allocation of 20%. The results also reflect the reinvestment of dividends and other earnings and the deduction of trading costs and commissions, as well as other fees and costs that the Fund expects to incur, such as audit, tax, accounting, administrative or legal fees and costs (assumed to be 60 basis points annually, charged monthly). To calculate these returns, management fees and performance allocations have been deducted as if payable or allocable through the end of the last month shown, rather than quarterly or annually, respectively. The net returns are estimated, unaudited, and may be subject to change following the Fund’s year-end audits. Gross returns do not reflect the deduction of management fees, a performance allocation or any other Fund expenses and other costs borne by investors. Gross returns reflect the same time period as net returns and include the reinvestment of all interest, dividends, and other earnings, as well as participation in “new issues.” Performance data for the offshore feeder fund, Creek Drive Capital Management (Offshore) Ltd. (the “Offshore Fund”), is available on request. Offshore Fund investors (primarily non-U.S. investors and U.S. tax-exempt investors) bear additional expenses and generally have a lower return for the same period.
General Disclosures Regarding Performance Calculations. Actual performance results for any particular investor could have varied materially and substantially from the performance results described above because of differences in the timing of that investor’s investments and withdrawals or their limited participation in “new issues.” The returns are for a limited period, and therefore do not reflect performance in different economic or market cycles. Future investments will be made under different economic conditions and may therefore reflect other methods. Investors should not assume that their investment will be profitable or that they will experience returns in the future comparable to those disclosed above. The information given above is historic and should not be taken as any indication of the Fund’s future performance.
Performance Comparisons to Indices. The performance in this presentation is compared to the S&P 500 Index because investors typically request performance comparisons to the most widely-used general U.S. equity market indices. Nevertheless, Creek Drive believes that no index provides a relevant comparison to its investment strategy or performance. The indices shown are significantly more diversified (across companies, industries and sectors) than the Fund’s portfolio, are unmanaged, and do not reflect any short sales, margin trading, hedging or management fees. By contrast, Creek Drive will be more concentrated than those indices, will invest in special situations and other types of securities and expects to sell stock short and engage in other activities. Therefore, Creek Drive believes that neither of these indices nor any other index will be directly comparable to the Fund’s portfolio. The index returns reflect the reinvestment of dividends and other earnings.