Greenhaven Road Capital

Dec 2024 → Sep 2025 · Publishes quarterly · 2 funds

Our archive holds 7 letters from Greenhaven Road Capital, behind 20 investment theses. Every quote below is copied verbatim from the letter it came from.

Greenhaven Road Capital’s own letters page

Letters

Companies

Moves

Theses

Theses · 20

LifeCore
September 2025
LifeCore (LFCR) is a company whose promising developments and potential revenue growth are overshadowed by a misguided negative market reaction to a recent shelf offering filing.
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Cellebrite
September 2025
Cellebrite is well-positioned for future growth due to its unique products, high customer value, and upcoming AI tools, despite current market challenges.
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KKR
September 2025
KKR is a diversified asset manager with significant growth potential despite current market challenges facing alternative asset managers.
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PAR Technologies
September 2025
PAR Technologies is a high-potential investment facing temporary growth challenges, but with several major opportunities, including a potential deal with McDonald's, that could significantly enhance its valuation.
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AST SpaceMobile
June 2025
AST SpaceMobile is developing a satellite-based cellular network that will provide worldwide broadband coverage directly to unmodified smartphones, with significant opportunities in various markets, including defense and first responders.
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Burford Capital
June 2025
Burford Capital is a litigation funder with a market cap of $2.5B, holding rights to multiple high-stakes cases, including a $16B judgment against Argentina that could significantly boost its value.
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KKR
June 2025
KKR is well-positioned for continued growth in assets under management and product offerings, leveraging its strong brand and expanding customer base in the alternative investment sector.
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LifeCore
June 2025
LifeCore is a promising investment due to its significant manufacturing capacity, potential benefits from looming 200% tariffs on imported drugs, and conservative EBITDA growth projections that may prove to be underestimated.
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PAR Technology
June 2025
PAR Technology (PAR) is a promising investment with potential for significant growth and profitability, despite uncertainties in customer acquisition timing and implementation due to its strong pipeline and recent successes with major clients like Burger King.
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Sable Offshore
June 2025
Sable Offshore is a high expected value, uncertain timing investment with a > 90% chance of a +150% outcome in the next year.
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Kingsway Financial Services
March 2025
Kingsway is a promising investment opportunity with a strong portfolio of businesses showing significant growth potential, bolstered by an experienced board and advisors.
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KKR
March 2025
KKR is a resilient alternative asset manager benefiting from asset growth despite trade headwinds, with a diversified portfolio and strong inflows into their K-Series products.
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Letter archive · 7

2025

2024

Funds · 2

Greenhaven Road Capital6
Greenhaven Road Partners Fund1

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