37 Capital
37 Capital is a global alternative asset management business affiliated with Putnam Investments, one of the most storied investment management firms in the United States. Established as part of Putnam's broader alternatives platform, 37 Capital operates with a distinct mandate to engage with experienced portfolio managers who have a proven track record of implementing long/short strategies across equity and credit markets. The firm is named in reference to Putnam Investments' founding year of 1937 and is headquartered in Boston, Massachusetts, drawing on Putnam's extensive research infrastructure, technology systems, and operational backbone to support its investment activities.
37 Capital provides investment solutions to institutional clients across equities and structured credit, with portfolio managers employing an opportunistic approach that combines intensive fundamental research with a consistent focus on downside protection. The firm's structured credit strategies, including High Yield and CLO-Arbitrage Cash Flow strategies, are designed for institutional investors seeking differentiated exposure to complex credit markets. By embedding skilled managers within Putnam's organizational framework, 37 Capital offers a unique arrangement that allows portfolio managers to concentrate exclusively on security selection rather than managing day-to-day business operations.
A distinguishing feature of 37 Capital is its 'inside advantage' model, which gives portfolio managers meaningful access to Putnam's company relationships, analytical tools, proprietary research, and a broad network of sector analysts spanning multiple asset classes. This collaborative environment, combined with a well-structured incentive framework designed to attract and retain top investment talent, positions 37 Capital as a differentiated alternatives manager for institutional allocators. The firm serves a global client base that includes corporate pensions, sovereign wealth funds, insurance companies, endowments, foundations, and public pension plans.