Hudson Canyon, organized under the laws of Delaware, was founded in June 2001. On September 16, 2017, Hudson
Canyon acquired the assets of Princeton Capital Management Inc. (founded in 1988) and changed its name from Hudson
Canyon Investment Counselors LLC to Princeton Capital Management LLC (hereafter referred to as “Princeton Capital”).
Joseph Cajigal is the Chief Executive Officer and an owner of Princeton Capital. Alfred Berkeley is the Chairman of
Princeton Capital and R. Hugh Fitzpatrick is President of Princeton Capital, each of whom are owners of Princeton Capital
through their ownership interests in Princeton Capital Management Inc.
Princeton Capital provides (i) investment management services to foundations, endowments, corporations, and private
clients through separately managed accounts; (ii) investment management services to two affiliated investment limited
partnerships, Hudson Farol Capital Partners L.P. (“Hudson Farol”) and Hulfish Lane finCap Partners LP (“Hulfish Lane”),
long- short equity funds; (iii) investment supervisory services for individuals, family offices and institutions; and (iv) sub-
advisory services by providing model portfolios to broker-dealers and other registered investment advisors.
Princeton Capital has definite standards of education and business experience required of all persons that manage
portfolios, provide performance analysis or provide investment advice to clients. Such background includes appropriate
college degrees, meaningful financial experience, and/or advanced degrees in finance or related fields. Our current
requirements are a college degree and an advanced degree or a minimum of 5 years of experience in the financial
industry.
See the accompanying Brochure Supplement ADV Part 2B for biographical information.
Joseph Cajigal, Chief Executive Officer of Princeton Capital, is a managing member of Farol Management LLC (“Farol”).
Farol serves as a General Partner to and employs Princeton Capital as investment advisor to Hudson Farol. Joseph
Cajigal is also the managing member of Navesink Global Management LLC (“Navesink”). Navesink serves as a General
Partner to and employs Princeton Capital Management as investment advisor to Hulfish Lane. Princeton Capital acts
solely as investment advisor and has no financial interest in the partnerships.
Our approach to investing is geared to a single goal: to deliver performance returns for our clients while managing the
risks associated to the process. We invest with a long-term investment focus, incorporating, based on the strategy,
both fundamental and/or technical analysis and utilizing individual securities, options and third-party fund products.
Princeton Capital’s management of client portfolios is generally on a fully discretionary basis. As of December 31, 2023
the total assets under management were approximately $304.6 million consisting of $300.1 million in discretionary
assets under management and $4.5 million of assets under management on a non-discretionary basis. Princeton
Capital also manages $260
million assets under advisement.
Princeton Capital typically solicits private clients with minimum liquid net assets of $500,000 and institutions with
minimum liquid net assets of $5 million. We will, however, at our discretion, accept clients with assets which fall below
the above mentioned levels, on a case-by-case basis.
Wrap-Fee Programs
We also offer separately managed account programs (also known as “SMA” programs) to individual investors through
platforms sponsored by intermediaries. There are several different forms of SMA programs and several differences
between how Princeton Capital manages SMA accounts compared to other discretionary accounts. Unlike most of our
client relationships, SMA clients do not pay a fee directly to Princeton Capital but rather we receive a portion of the
wrap fee for our investment management services. SMA clients have limited direct contact with Princeton Capital
investment professionals. SMA clients may maintain asset levels below the minimum account sizes for our Private
Client and Institutional services.
Model Platform Services
Princeton Capital participates in a number of “Model Platforms” where we provide our client that is a financial services
provider (a Model Platform Sponsor) with information about the investment program of one or more of our proprietary
strategies. The Model Platform Sponsor makes our proprietary strategies available to its clients as investment options.
Other than providing our investment program for our proprietary strategy and updates thereon, we provide no other
services, and have no other responsibilities or obligations with regards to the Model Platform Sponsor or its clients. In
consideration for our investment management services provided under these programs, we receive a portion of the
total fee charged to the client of the Model Platform Sponsor.
Princeton Capital Management LLC 5 March 31, 2024
Investment Strategies offered by Princeton Capital
The current investment strategies offered are:
• All Cap GARP Equity Management
• All Cap Concentrated GARP Equity Management
• All Cap GARP Balanced Management
• All Cap Growth Equity Management
• All Cap Concentrated Growth Equity Management
• Large Cap Blend Equity Management
• Large Cap Core Growth Equity Management
• Large Cap Blend Balanced Management
• Small Cap - Young Enterprise Shares (YES)
• Tactical Asset Management
The portfolio manager is responsible for understanding each client’s goals, financial profile and risk tolerance, as well
as any restrictions applicable to the client’s accounts. We recognize that each client possesses a unique profile and we
adjust portfolio strategy and positions accordingly. Our process is designed to package our capital markets expertise
into a highly personalized product.
Princeton Capital does not consider the above services “financial planning” or any similar term.