CrossHarbor Capital Partners

Founded in 1992 by Sam Byrne and Bill Kremer as Boston Capital Institutional Advisors, the firm originally focused on managing non-performing real estate loans following the FDIC receivership of the Bank of New England. In 2004, the firm rebranded as CrossHarbor Capital Partners to reflect a broader regional investment portfolio and distinguish itself from similarly named firms in the Boston area.

The firm specializes in alternative investments and distressed assets, particularly in the middle market. It targets transitional, complex, and distressed real estate situations where it can leverage its workout and asset management capabilities. Its client base includes college endowments, pension funds, and high-net-worth individuals seeking risk-adjusted returns through debt or equity positions in real estate.

In addition to its traditional real estate equity and debt funds, CrossHarbor has become a major player in resort development. Notably, the firm consolidated several high-profile Montana properties, including the Yellowstone Club, Spanish Peaks, and Moonlight Basin, to create one of the largest ski areas in the United States. The firm also provides mezzanine capital and invests in affordable housing and multi-use community developments.