What does Phoenician Capital do?
We run one strategy: a global, long-only portfolio of about 20 to 25 businesses, most of them led by their founders, bought below our estimate of intrinsic value. We manage capital for family offices, global institutions and high-net-worth individuals, alongside our own. Our strategy page explains it in full.
Who is John Khabbaz?
John Khabbaz is the founder and Chief Investment Officer of Phoenician Capital. After college he founded a T-shirt manufacturing company, ran it for ten years and sold it. He then earned an MBA at Columbia Business School, where he took up value investing, and started Phoenician in 2007. He also holds a Bachelor of Commerce from McGill University.
In April 2025 he joined the board of ASA International Group plc, a company in which Phoenician is a long-standing shareholder, as an independent non-executive director.
Milestones
2007
John Khabbaz starts Phoenician Capital.
2009
The fund opens to outside investors.
2016
Stephen H. Penman, professor at Columbia Business School, joins the investment advisory board.
2018
Mubadala Capital, part of Abu Dhabi's Mubadala Investment Company, takes a minority stake in Phoenician's general partner.
2025
John Khabbaz joins the board of ASA International Group plc.
The announcements and interviews behind these dates are on our news page.
Oversight and alignment
- JP Morgan provides fund administration and quarterly net asset value statements.
- PwC audits the fund every year.
- The firm is registered with the U.S. Securities and Exchange Commission.
- We invest our own capital alongside our investors.
- Performance fees apply only above a high-water mark and after a 6% hurdle rate.
Where are we?
Phoenician Capital LLC, 600 Fifth Avenue, 2nd Floor, New York, NY 10020. For investor enquiries, see information for investors.