Founded in 1986 as an out-growth from a family office, the mandate to our founders was clear:

Private Capital Management

1986
1986

Private Capital Management commenced operations as an internal investment group within the Collier Family Office in Naples, FL.

1987
1987

In 1987, PCM registered with the SEC and began accepting outside investors in its Diversified U.S. Value strategy.

1988
1988 – Gregg Powers Joins PCM

Private Capital Management Wealth Management Naples Florida

Gregg J. Powers, who today serves as PCM’s CEO and Lead Portfolio Manager, joined PCM and Collier Family operations in 1988.  A technologist by inclination and a healthcare analyst by training, Gregg gained exposure to a broad range of Collier Family business interests, including residential and commercial real estate development, agricultural operations, banking, media and oil & gas. These experiences fostered in Gregg an intimate understanding of operating businesses and instilled in him an owner-operator mentality that remains central to the way PCM approaches public equity investments.  This owner mentality continues to guide us today, reflected in our time horizons, our focus on free cash flow, as well as our investment mindset that begins our diligence of potential investments with the fundamental question: would we be owners of this business?

1994
1994

PCM launched its Concentrated U.S. Value strategy with Gregg Powers as lead portfolio manager.

2001
2001

PCM was acquired by Legg Mason in 2001.  The Firm’s management and investment operations remain independent of its corporate parent.

2010
2010 – PCM Value Fund

Private Capital Management launched the PCM Value Fund.

2013
2013

In 2013, PCM returned to employee ownership when Gregg Powers re-purchased the firm from Legg Mason and subsequently distributed ownership interest to PCM’s current partners cementing a new generation of the firm’s leadership group.

2016
2016

PCM launched Harmonic Investors LLC to offer qualified investors hedged equity portfolio strategy options.