ADW - The Early Days

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We've always had a microcap bend. In the early days, we had some great wins. You take the opportunities that are available to you at the time. I would separate the ADW evolution in two parts. The first seven years, we obviously had meaningful returns but we've had some growing pains on some level in 2018 and 19. That's brought us to more of the second evolution which is finding really great companies that we don't have to sell with management teams that are financially aligned with us.

On today’s Manager Meeting, Savneet Signh interviews Adam Wyden. Savneet is the President and CEO of PAR Technology Corp, a $1.5 billion market cap public technology company, the Chairman of CoVenture, and a past guest on Capital Allocators earlier this year, sharing his unique perspectives as a successful operator and investor. Adam is the founder and Managing Partner of ADW Capital, a $350 million concentrated, small cap, long-biased fund he launched with $0.5 million in 2011. ADW’s largest position is PAR Technology. Their conversation covers the launch of ADW, the evolution of the fund’s strategy from activism to quality, research process, lessons learned, and opportunities going forward. Learn More Follow Ted on Twitter at @tseides or LinkedIn Subscribe to the mailing list Access Transcript with Premium Membership