We seek to invest in public or private equity opportunities that are often esoteric in nature, providing significant value creation through change, entrepreneurial passion and tailored capital solutions. To date, Tides has invested in 5 public opportunities, exiting 4 through M&A, and 3 private companies, all in which Mr. Mackay is very active and sits on the board.
After financial analyst positions at investment banks Bowles, Hollowell, Conner & Co and Goldman Sachs & Co., Mr. Mackay began his investment career in 1998 with MRW Enterprises, co-managing a family office in VA. In addition to managing the investment portfolio, Mackay helped launch 4 venture capital funds throughout Virginia with $80mm of cumulative capital and sat on numerous boards & investment committees.
In 2002, Mackay co-founded Hatteras Investments LLC to implement an active value investment strategy focused on small/mid cap companies. Mackay often collaborated with the management, board and other investors to communicate strategies to activate catalysts to enhance value.
In 2007, Mackay joined Bryn Mawr Capital Management as a Portfolio Manager. Bryn Mawr Capital, founded in 1992, was a global equity, relative value market neutral fund with over $1BB of equity capital. Mackay managed and grew the Asia business substantially, generating strong risk adjusted returns.
After Bryn Mawr Capital, Mackay joined Millennium Management, a $60BB global multi strategy hedge fund, as a Portfolio Manager under Tides Capital in the relative value equity strategy group.
Tides Capital now focuses exclusively on investing in public and private equity opportunities on a deal-by-deal basis out of its offices in Wayne, PA.
Mr. Mackay graduated from Vanderbilt University, BA Mathematics, Phi Beta Kappa, and currently resides in Wayne, PA with his family.