Colorado landscape

Kestrel Capital

Two Bowdoin friends learning to invest, one business at a time.

Kestrel is our private investment collaboration. We research businesses, invest our own capital, document our decisions, and learn from the results.

Stuart Howard and William Schuler together at Bowdoin College graduation
How We Work

We are two friends from Bowdoin College learning to invest through disciplined, hands-on work.

We research businesses, build our own models, and talk through every decision before either of us gets carried away.

Kestrel is our shared notebook, scoreboard, and reality check.