Concentrated fundamental investing at the intersection of law, policy, and markets.
Markets often misprice legal, regulatory, and policy complexity. These forces can materially shape business value, yet they are often overlooked or misunderstood by investors focused primarily on near-term financial metrics.
KSK Capital is a public equity investment partnership focused on high-quality businesses in North America and Europe whose intrinsic value is obscured by that complexity. We combine rigorous fundamental research with legal expertise to build concentrated positions where misunderstanding creates opportunity.
We partner with investors, family offices, and entrepreneurs who share a disciplined, long-term approach to capital allocation.
20% performance fee over 5% hard hurdle with high-water mark.
20%+ of AUM invested alongside our limited partners.
Best-in-class service providers, transparency and rigor.
Equal terms for all investors.
Investing in quality businesses shaped by misunderstood legal, regulatory, and policy dynamics.
Key characteristics of our target investments include:
Compelling valuations supported by strong balance sheets.
Secular tailwinds, long runways for growth, and attractive reinvestment opportunities.
Substantial and durable barriers to entry.
Serving attractive end-markets in stable, rule-of-law jurisdictions.
Business outcomes materially shaped by legal, regulatory, and policy dynamics we view differently than the market.
Capable, trustworthy managers with proven capital-allocation discipline.
Straightforward, predictable business models.
Businesses that create win-win outcomes for all stakeholders.
Opportunities obscured by short-termism.
Kris Kania
Kris Kania is the Founder & Portfolio Manager of KSK Capital and a Visiting Assistant Professor of Tax Law at NYU School of Law.
He previously practiced tax law at Sullivan & Cromwell LLP and Kirkland & Ellis LLP, and earlier worked as a technology investor at Susquehanna Growth Equity. His experience across investing, law, and academia provides a distinct perspective on the legal, regulatory, and policy forces shaping businesses and markets.
Kris graduated with honors from NYU School of Law and Princeton University and is admitted to the New York bar.
Conversations, essays, and appearances.
Breaking Down BDCs and Private Credit With Kris Kania – The Special Situations Report Episode 59
For allocator inquiries and general correspondence.
All communications are handled in confidence. A member of the team will respond personally.