Hedge Fund - Gratia Capital

Steve Pei Bio, Returns, AUM, Net Worth

A former Vice President at Joshua Friedman and Mitchell Julis’ Canyon Capital Advisors, Steve Pei started Gratia Capital in 2012, after landing a $25 million seed deal from Geoffrey Raynor’s Q Investments. The Los Angeles-based fund is a multistrategy, value/event-driven hedge fund, which seeks to capitalize on opportunistic investing in its three focal sectors: consumer, industrial, and real estate. Pei, also a former associate at Bain Capital, graduated from the University of Pennsylvania in 2000. Gratia Capital has assets under management of $500 million, and an equity portfolio valued at $186 million at the end of 2014.

Steve Pei
Fund Profile
Filing Period:
Fund Name: Gratia Capital
Manager Steve Pei
Portfolio Value $67,639,000
Change This QTR +0.73%
Fund Holdings Sector Distribution
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Last update:
No. Security Ticker Shares Value (x$1000) Activity % Port
1. DAC 221,470 $10,987 -41% 16.24%
2. TRTX 700,600 $7,847 -9% 11.6%
Fortress Value Acquisit-Cl A
718,576 $7,164 NEW 10.59%
4. NYMT 1,292,064 $5,775 -8% 8.53%
5. LADR 396,888 $4,683 6.92%
Latest 13D & 13G Filings
Company Symbol Filed By Filing Date Filing
News, Interviews and Investor Letters