Special Situations Specialist

Dyad Capital is a long-biased investment firm focused on special situations and overlooked businesses with compelling fundamentals and attractive valuations.

Research

Our Strategy

Dyad Capital is a long-biased investment firm focused on special situations and underfollowed businesses across market capitalizations. Investments are selected through intensive bottom-up fundamental research and concentrated in the firm’s highest-conviction ideas. Dyad seeks companies with strong underlying economics, improving fundamentals, and identifiable catalysts that can unlock value. The firm focuses on situations where complexity, transition, or limited attention has created attractive risk-reward opportunities.

Our Strategy

ABOUT

Dyad Capital is a long-biased investment firm focused on special situations and underfollowed businesses across market capitalizations, led by Ryan and Quinn Kahn, who bring over a decade of investing experience. The firm specializes in complex and transitional business situations where fundamental value is often misunderstood, applying rigorous bottom-up research, disciplined valuation, and a focus on underlying business quality to identify high-conviction opportunities with attractive risk-reward profiles.

HISTORY

Based in the United States, Dyad Capital is an investment partnership built around disciplined, long-term capital compounding. The firm was founded by Ryan and Quinn Kahn after working at firms like Morgan Stanley and UBS.

Dyad Capital focuses on identifying high-quality businesses trading at attractive valuations, particularly where complexity, neglect, or change creates opportunity. Our approach blends rigorous fundamental research with patience and conviction.

The name Dyad reflects our belief in true alignment — partnering alongside our investors with long-term capital at risk. We welcome those who share a multi-year mindset and a commitment to thoughtful, fundamental investing.

HISTORY

HOW WE INVEST

Dyad Capital is a value-oriented investment partnership focused on special situations within global equities. We seek businesses that are temporarily out of favor, overlooked by large investors, or mispriced due to complexity, change, or short-term uncertainty — yet supported by strong fundamentals.

Our process is fundamentally driven and research-intensive, built from the bottom up. We analyze business quality, financial durability, competitive positioning, and intrinsic value to identify opportunities with asymmetric risk-reward.

We invest with a strong price discipline, building positions only when a meaningful margin of safety exists and holding patiently as value is realized and market perception improves.

Designed to turn complexity into clarity.

.01

Idea

We target overlooked, out-of-favor businesses where change or complexity has created a disconnect between price and intrinsic value.

.02

Analysis

We apply deep, bottom-up research to assess business quality, financial strength, and long-term value.

.03

Results

We build concentrated positions with a margin of safety and hold patiently as value is realized.

Our Research

Investment Team

Ryan Kahn and Quinn Kahn are the Founders and Managing Partners of Dyad Capital. Both hold Bachelor of Arts degrees in Psychology from the University of New Mexico and collectively bring over a decade of experience. Ryan is a Chartered Financial Consultant (ChFC) and has held roles at Morgan Stanley, Raymond James, and Thornburg Investment Management. Quinn with UBS and Thornburg Investment Management, with experience in portfolio analysis and investment research.

Dyad Capital derives its name from the concept of a dyad, a pair of interdependent entities working in alignment, reflecting the firm’s partnership structure, collaborative investment process, and long-term orientation.