CrossHarbor Capital Partners

Founded in 1992 by Sam Byrne and Bill Kremer as Boston Capital Institutional Advisors, the firm originally focused on commercial real estate and non-performing loans acquired during 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. The firm has since managed a variety of real estate debt and equity programs through discretionary funds and joint ventures.

CrossHarbor specializes in transitional, distressed, and complex situations in the middle market that mainstream investors typically avoid. Its investment focus includes inefficiently priced real estate assets where it can provide downside protection through a low cost basis or senior capital structure position. The firm’s client base consists of college endowments, pension funds, and high-net-worth individuals.

A significant portion of the firm's recent activity has been concentrated in the Montana region, where it became a dominant property owner and developer. Notable projects include the acquisition and management of the Yellowstone Club following its bankruptcy, as well as the consolidation of the Spanish Peaks and Moonlight Basin resorts. These acquisitions created one of the largest combined ski and resort development areas in the United States.