Dark Horse Capital Management (“Dark Horse” or “DHC”) employs a research-intensive, catalyst-driven approach to investing opportunistically in North American event-driven deep value equity and distressed corporate debt opportunities.

Dark Horse launched in 2018 as a vehicle to capitalize on the inefficiencies created by the growth of mega-billion-dollar investment managers; the mega-managers are forced to focus on the largest investment opportunities, creating pricing inefficiencies in smaller opportunities due to the reduced competition.

C.J. Martin
Managing Partner

C.J. Martin has over 15 years of experience valuing, investing in, and restructuring distressed and deep value investment opportunities on a global basis.  Most recently Mr. Martin was a Managing Director for Cross Sound Management, an emerging distressed investment manager seeded by members of the Louis Dreyfus family.  Prior to Cross Sound, he was a senior analyst covering the distressed, restructuring, and turnaround strategy at GoldenTree Asset Management.  Mr. Martin started his principal investing career at Contrarian Capital Management where he was the senior analyst covering the distressed and post-reorg equity portfolio.  Prior to Contrarian, Mr. Martin was an analyst in the M&A Group at Petrie Parkman & Co and then an associate in the Global Restructuring Group at Lazard.


Education: The Johnson School of Management at Cornell University, M.B.A.; Park Leadership Fellow.  The University of Texas, B.B.A.; Varsity Football Team (walk-on running back).


Mr. Martin was raised in Rockwall, TX and currently lives on a farm with his wife, who is a corporate litigation attorney, and daughter.  Spare time is usually spent wrangling horses, cows, chickens, cats, and the occasional raccoon.

Gary L. Martin
Senior Advisor

Gary L. Martin brings over 45 years of investment, managerial, and operational experience along with unparalleled industry contacts. 


Most recently, Mr. Martin served as President and Chief Executive Officer of Capital Southwest Corporation (NASDAQ: CSWC) from 2007 until his retirement in 2013.  Mr. Martin also served as a director since 1988 and as its Chairman from 2008 until 2014.  Mr. Martin joined Capital Southwest in 1972 as Chief Financial Officer, subsequently serving as vice president and secretary-treasurer before becoming President in 1979 of The Whitmore Manufacturing Company, a specialty lubricant manufacturer and wholly-owned portfolio company of Capital Southwest Corporation.  Under his leadership, The Whitmore Manufacturing Company was transformed from a regional supplier of commodity lubricants into a global provider of highly-advanced specialty chemicals and lubricants used in some of the most extreme operating environments in the world.  Capital Southwest Corporation is a publicly-traded investment company formed in 1961, more commonly known today as a business development company.  During Mr. Martin’s tenure, Capital Southwest Corporation’s stock delivered a compounded annual return of over 18% (145x ROI) vs. a total return of the S&P 500 of 10% (17x ROI).


Throughout his career, Mr. Martin was affiliated with and/or served on over 35 corporate boards including: American National Bank of Texas; Alamo Group (NYSE: ALG), Chairman; Capital Southwest Corporation (NASDAQ: CWSC), Chairman; CapStar Holdings; Cinatra Clean Technologies; Encore Wire Corporation (NASDAQ: WIRE); Heelys, Inc. (NYSE: HLYS); Humac Company; Lifemark Group; Media Recovery; Palm Harbor Homes Inc. (NASDAQ: PHHM); The RectorSeal Corporation; The Whitmore Manufacturing Group; and Titan Liner. 


Education: Harvard Business School, Advanced Management Program.  The University of Oklahoma, B.B.A.  Mr. Martin is also a certified public accountant in the State of Texas (now retired, inactive status).


Mr. Martin is married with five adult children and nine grandchildren.  He and his wife currently reside in Rockwall, TX.  Gary L. Martin is the father of C.J. Martin.