PUBLIC MARKETS
Iron Elk Capital
A concentrated public-equity partnership grounded in business quality, price discipline and portfolio risk management.
Explore →Krohmer Capital · Calgary, Canada
Capital is complex.
Clarity matters.
A platform for understanding, building and operating across alternative investments, public markets and real assets. Rooted in practical experience, independent research and meaningful connections.
Why we exist
Beyond the investment pitch.
Investors encounter compelling narratives, tax claims and unfamiliar structures. Emerging managers face a different problem: turning a sound strategy into a durable operation. Krohmer Capital helps frame the right questions, examine the moving parts and connect informed people.
Areas of focus
Work across the capital landscape
Distinct projects and areas of research, presented with clear separation between operating activities and concepts under evaluation.
SPECIALTY FINANCE
Structured Capital
Research into contractual economics, capital structures and complex ownership arrangements.
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REAL ASSETS
Energy
Examining the underlying economics of oil and gas working interests and alternative energy structures.
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INFRASTRUCTURE
Digital Infrastructure
Equipment-backed businesses, compute infrastructure and the risks behind depreciation-led strategies.
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PROPERTY
Real Estate
Operating models, short-term rentals and the interaction between cash flow and tax treatment.
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FUND OPERATIONS
Fund Platform
Practical infrastructure, service-provider coordination and systems for emerging investment managers.
Explore →The approach
Start with the problem. Examine the structure.
01
See the whole picture
Understand incentives, assets, operators, financing and downside exposure before focusing on tax or return projections.
02
Put substance first
Separate proven operations from developing concepts and distinguish independent research from commercial activity.
03
Build the right network
Bring thoughtful managers, operators and professional service providers into the same conversation.
Founder
The operator behind the platform.
Ray Krohmer is a General Partner of Iron Elk Capital and an entrepreneur focused on the intersection of investments, systems and operating businesses. His work spans public-market investing and the research and development of alternative capital structures.
Insights & community
Follow the ideas. Meet the people.
INTELLIGENCE
Independent research
Plain-English examinations of fund mechanics, tax claims, portfolio risk and asset economics.
Explore →EVENTS
Curated events
Conversations and industry gatherings that connect the people behind alternative capital.
Explore →COMMUNITY
Krohmer Network
A developing community for managers, operators, investors and the professionals serving them.
Explore →The next conversation