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PAR Capital Management

PAR Capital Management

Overview

PAR Capital Management is a Boston-based investment firm specializing in hedge fund strategies with a long/short equity approach across global markets . The firm employs rigorous fundamental research, disciplined portfolio management, and the alignment of incentives to its clients .

Year Founded

1990

AUM

$2.8B

Portfolio Companies

12

Investments

PAR Capital Management investments
CompanyDateStageLead
VoloteaMar 2026Corporate FundingCo-investor
point.meSep 2024Series B-
Flight ScienceJun 2024Pre SeedCo-investor
TripscoutNov 2023Early FundingLead
point.meSep 2023Series A-

Key People

Ed Shapiro

Partner

Steven Smith

Managing Partner, Chief Operating Officer And General Counsel

Paul Oddy

Portfolio Manager

Sector & Stage Mix

Industry, funding stage, and valuation band breakdowns.

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SeedSeries ASeries BGrowth

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Investment Activity

Yearly cadence, pace, and funding raised over time.

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2021
2022
2023
2024
2025
2026

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FAQ

Firmographic Details

Headquarters
Year Founded1990
AUM$2.8B

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