Voce Capital Management LLC

Voce Capital Management LLC is a San Francisco-based hedge fund specializing in value-oriented, research-driven investments in undervalued U.S. companies. The firm employs a concentrated portfolio strategy with a multi-year investment horizon, focusing on small capitalization firms that present potential catalysts for value realization. Voce Capital selectively engages in public activism to unlock value, leading to company sales, capital returns, strategic shifts, and governance reforms. Since its inception, the firm has delivered positive annual performance with double-digit compounded returns.

Founded in 2011 by J. Daniel Plants, Voce Capital Management leverages his extensive experience in investment banking and law, including leadership roles in mergers and acquisitions at Goldman Sachs and JPMorgan Chase, as well as a securities law practice at Sullivan & Cromwell. This background enables the firm to identify and capitalize on opportunities for value enhancement in its portfolio companies.

The firm's investment philosophy centers on identifying companies with potential catalysts for value realization and engaging in active dialogue to effect positive changes. Voce Capital's approach emphasizes a culture of integrity, excellence, and strong partnership, aiming to attract top-tier talent across all roles. The firm manages approximately $204.5 million in client assets as of December 31, 2022, and charges a 2.0% annual management fee along with a 20.0% incentive allocation based on realized and unrealized profits.