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About the Firm

Correa Alonso Asset Management

Correa Alonso Asset Management LLC (CAAM) is an independent, founder-led investment manager based in Seattle, Washington. It manages Correa Public Investments LLC (CPI), a concentrated, long-only U.S. public equities fund that holds a maximum of 20 positions with a five-to-ten-year holding horizon. CPI is a Delaware private fund offered under SEC Regulation D, Rule 506(c) exclusively to verified accredited investors. The firm was founded by Christopher Correa, who serves as Managing Partner and personally runs research, portfolio construction, and investor communications.

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Entity Facts

Two entities. One strategy.

CAAM is the manager and CPI is the fund. Correa Alonso Asset Management LLC is a Delaware limited liability company under the sole control and direction of Christopher Correa, Managing Partner. It serves as manager of Correa Public Investments LLC, a Delaware limited liability company organized and operated as a manager-managed private investment fund. Both entities maintain their principal place of business in the State of Washington. CAAM is not affiliated with any other investment firm, adviser, bank, or financial professional bearing the Correa or Alonso names.

CAAM is an AI-first asset management company. The firm has no analysts, traders, or investment committee: its research is produced by its own software under a written strategy, and the rules in that strategy convert the research into a stated decision. Christopher Correa sets those rules and rules on every decision they produce before any money moves, which is what Section 8.5 of the disclosures means when it says all material investment decisions are made by him. The risks this dependence carries are set out in Section 8.7.

Manager
Correa Alonso Asset Management LLC (CAAM)
Fund
Correa Public Investments LLC (CPI)
Founder and Managing Partner
Christopher Correa
Headquarters
Seattle, Washington, United States
Organization
Delaware limited liability companies; principal place of business in Washington
Manager Regulatory Status
Exempt reporting adviser under Advisers Act Section 203(m); subject to Section 206 anti-fraud provisions; not state-registered
Fund Regulatory Status
Private fund under Investment Company Act Section 3(c)(1); offered under Regulation D Rule 506(c)
Investor Eligibility
Verified accredited investors only; maximum 100 beneficial owners
Asset Class
U.S. public equities, long only
Portfolio
Maximum 20 positions; five-to-ten-year holding horizon
Website
correafunds.com
Contact
ask@correafunds.com · 206-430-3325
What CPI Does

We do not buy stocks. We buy businesses.

Correa Public Investments buys businesses at prices that make no rational sense relative to intrinsic value, and then holds them for years. The investable universe is U.S. public equities, the deepest and most transparent capital market in the world. The book is long only and capped at 20 positions, organized in three tiers: growth leaders, mid-risk compounders, and defensive anchors.

Every candidate is valued three ways, by Gordon Growth, EBITDA exit, and revenue exit, and each method is run across bear, base, and bull cases. The firm interrogates the dispersion between those outputs rather than averaging them, because the spread between methods is itself information about how much of the value depends on assumptions that could fail. Business quality is graded separately through a proprietary multi-module scoring system covering the durability of the moat, capital allocation, unit economics and cash conversion, balance sheet resilience, and management. The quality composite and a margin-of-safety rank together produce a confidence score that governs eligibility and position sizing. The portfolio is formally reconstituted annually against the scoring system; a name that no longer clears the quality floors is removed.

I

Sizing and compounding

Positions are sized by conviction. Winners are allowed to compound under a hard per-position ceiling; the book is not rebalanced back to target weights, and a holding is trimmed only when it outgrows its limit.

II

Sell discipline

A holding is sold on structural deterioration of the business, never on noise. A drawdown is a signal to re-underwrite the thesis, not to exit. A soft quarter, a capital-expenditure cycle, or a single down year does not sell a name; a broken thesis does, and then the position is cut without hesitation.

III

Management

CAAM backs operators who have demonstrated they can run a business under adverse conditions. Incentive alignment, capital allocation record, and conduct through prior downturns are weighted heavily; short-term insider selling is treated as noise unless something in the business is broken.

Fund Terms

Terms as published in the disclosure statement.

The terms below summarize CPI's published legal disclosure statement. The disclosure statement and the definitive offering documents control in every case; nothing on this page is an offer to sell or a solicitation to buy any security. The fund is newly organized and has no audited performance track record. No target returns are stated or implied.

Read the Full Disclosures
TermProvision
Management fee2.0% per annum of net asset value, calculated and accrued monthly
Performance allocationNone for investors admitted while the Fund's capital is below $10 million. The offering documents provide for 20% of net profits per fiscal year subject to a perpetual high-water mark, with no hurdle rate or preferred return; the Manager has waived it for those investors and a supplement to the PPM will document the waiver
Minimum investment$1,000 (the PPM states $10,000 and permits the Manager to accept less)
Sales chargesNone
Lock-upTwelve months from each capital contribution
RedemptionsQuarterly after lock-up (March 31, June 30, September 30, December 31) on at least 30 days' written notice
Brokerage and custodyInteractive Brokers LLC
Subscription accountDeposit account in the name of Correa Public Investments LLC at Choice Financial Group, transferred to the custody account
Tax reportingSchedule K-1 to each member
Investor eligibilityVerified accredited investors under Rule 501(a); verification completed before any subscription is accepted
Fund exemptionSection 3(c)(1); no more than 100 beneficial owners; no public offering
Founder
Christopher Correa, Founder and Managing Partner of Correa Alonso Asset Management
Christopher Correa
Founder and Managing Partner

Christopher Correa founded Correa Alonso Asset Management and Correa Public Investments and serves as Managing Partner of both. He studied economics at the University of Washington. He runs the research process, makes every portfolio construction decision, and writes all investor communications himself, and he built the firm's research, valuation, and investor-reporting infrastructure in-house rather than licensing it.

His operating conviction is that durable wealth is built through patient ownership of resilient businesses purchased at rational prices, that drawdowns are an occasion to re-underwrite rather than to sell, and that when a thesis is broken the position is cut cleanly, without sentiment.

Role
Founder and Managing Partner, CAAM and CPI
Education
University of Washington, Economics
Focus
Research, Portfolio Construction, Investor Relations
Location
Seattle, Washington
Frequently Asked Questions

Plain answers to the questions we get most.

What is Correa Alonso Asset Management?

Correa Alonso Asset Management LLC (CAAM) is an independent, founder-led investment manager based in Seattle, Washington. It manages Correa Public Investments LLC (CPI), a concentrated, long-only U.S. public equities fund holding a maximum of 20 positions with a five-to-ten-year holding horizon. The firm was founded by Christopher Correa, who serves as Managing Partner and runs research, portfolio construction, and investor communications personally.

What is Correa Public Investments LLC?

Correa Public Investments LLC (CPI) is the flagship fund managed by Correa Alonso Asset Management. It is a Delaware limited liability company operated as a manager-managed private investment fund, relying on Section 3(c)(1) of the Investment Company Act of 1940, and is offered under SEC Regulation D Rule 506(c) exclusively to verified accredited investors.

What is the relationship between CAAM and CPI?

CAAM is the manager; CPI is the fund. Correa Alonso Asset Management LLC serves as the manager of Correa Public Investments LLC under the sole control and direction of Christopher Correa. Both are Delaware limited liability companies with their principal place of business in the State of Washington.

Is Correa Alonso Asset Management a registered investment adviser?

No. CAAM is not registered with the SEC as an investment adviser. It relies on the private fund adviser exemption in Section 203(m) of the Investment Advisers Act of 1940, which is available to advisers that act solely as adviser to qualifying private funds with less than $150 million in U.S. assets under management. CAAM remains subject to the anti-fraud provisions of Section 206 of the Advisers Act and Rule 10b-5 under the Securities Exchange Act of 1934.

Who can invest in Correa Public Investments?

Only verified accredited investors, as defined in Rule 501(a) of Regulation D. Because the offering is conducted under Rule 506(c), CAAM must take reasonable steps to verify accredited status before accepting any subscription. The fund is limited to no more than 100 beneficial owners under Section 3(c)(1).

What does CPI invest in?

U.S. public equities only, long only, in a concentrated book capped at 20 positions with a five-to-ten-year holding horizon. The fund buys businesses at prices it judges to be well below intrinsic value, values every candidate three ways (Gordon Growth, EBITDA exit, and revenue exit) across bear, base, and bull cases, and grades business quality through a proprietary multi-module scoring system. Positions are sized by conviction, winners compound under a hard per-position ceiling, and holdings are sold only on structural deterioration of the thesis.

What are CPI's fees and liquidity terms?

A 2.0% annual management fee on net asset value, accrued monthly. Investors admitted while the Fund's capital is below $10 million pay no performance allocation: the 20% performance allocation provided for in the offering documents is waived for them, and the waiver will be documented in a supplement to the PPM. There are no sales charges. The minimum investment is $1,000. Each capital contribution is subject to a twelve-month initial lock-up; thereafter redemptions are permitted quarterly on at least 30 days' written notice.

Where is Correa Alonso Asset Management located?

Seattle, Washington. Both CAAM and CPI are organized in Delaware and maintain their principal place of business in the State of Washington. Inquiries: ask@correafunds.com or 206-430-3325.

Is CAAM an AI-driven manager?

Yes, and the firm is specific about what that means. CAAM's research is written by its own software: for each company in a universe of roughly 1,700 listed U.S. companies, a five-module memo grading moat durability, capital allocation, unit economics and cash conversion, balance sheet resilience, and management, with a valuation run three ways across bear, base and bull cases. Written rules, a composite quality gate, a graduated purchase threshold, a hard per-position ceiling and exactly four exit triggers, convert that research into a stated decision. Christopher Correa rules on every decision before it is executed; no trade is placed that a person has not approved. CAAM does not mine prices for signals and does not use these systems to forecast prices or market movements, and no claim is made that they produce superior returns. The technology and model risk is described in Section 8.7 of the disclosures.

Is CAAM affiliated with other firms named Correa or Alonso?

No. Correa Alonso Asset Management is an independent firm and is not affiliated with any other investment firm, adviser, bank, or financial professional bearing the Correa or Alonso names.

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