Harraden Circle · New York · Founded 2016
Research-driven
investing.
Structured for asymmetry.
Harraden Circle is a research-driven investment firm focused on catalysts across public and private markets. We combine fundamental research with structured-capital expertise to invest in publicly traded event-driven securities and negotiated financings.
One platform.
A constructive partner.
Ten
Years
Founded in 2016
One
Discipline
Public + Private Markets
Constructive
Partner
To Companies + Stakeholders
Philosophy
Protect the downside.
Underwrite the exit.
Every investment, public or private, is underwritten against the same three questions.
01
What protects capital?
Define and, where possible, structurally limit what can be lost.
02
What drives realization?
An identifiable event, so outcomes depend on the situation, not the market.
03
What creates upside?
Participation preserved once the floor is set.
Strategies
One approach,
two strategies
The instruments differ.
The underwriting does not.
Public securities
Since 2017
Event-Driven &
Special Situations
Our founding strategy invests in securities where corporate catalysts, structural features, or misjudged valuations create asymmetric potential. Outcomes are driven by deal-specific events rather than the direction of broad markets.
Negotiated structured financings
Newly organized 2026
Opportunistic
Capital
Our newest strategy provides flexible, independent capital to quality companies and owners ahead of a realization event, through negotiated structures designed to mitigate downside risk while preserving upside participation.
From the Founder
“Most investment processes focus on the upside.
Ours begins with protecting the downside. Only once we are comfortable with what we can lose do we focus on how much we can make.”
Fritz Fortmiller, CFA, Founder & Chief Investment Officer
Team
A team with deep market experience
Investment, research, and operations professionals who have worked side by side across market cycles.
11Professionals
across investment and operations.
100%Employee-Owned
our team invests alongside our clients.
Founder-LedSince 2016
an experienced team with deep market experience.
