Distillate Capital Partners LLC was formed in 2017 and is based in Chicago, IL. The firm is 100% employee-owned, and DCP’s partners each have invested significantly in the firm’s investment strategies.

Thomas Cole, CFA  – CEO  is Co-founder of Distillate Capital. Tom previously was Chief Investment Officer at Institutional Capital, LLC (ICAP), a Chicago-based value investment firm.  Prior to joining ICAP in 2012, Tom was head of U.S. Equities at UBS Global Asset Management. Tom held several other senior investment roles at UBS and its predecessor organization, Brinson Partners, going back to 1985. Tom holds a BBA and an MBA from the University of Wisconsin in Madison, where he was a member of the Applied Security Analysis Program. Tom is a CFA charterholder.

Jay Beidler, CFA is Co-founder of Distillate Capital. Jay previously worked for ten years at Institutional Capital, LLC (ICAP), a Chicago-based value investment firm where he focused on quantitative analysis and macroeconomic research and worked as an analyst in the basic resources, energy, and healthcare sectors. Prior to ICAP, Jay worked at Congaree River Limited Partnership, a family office, and was a consultant before that. Jay has an AB from Brown University, an MBA from the University of Chicago Booth School of Business, and is a CFA charterholder.

Matthew Swanson, CFA is Co-founder of Distillate Capital. Matt previously worked for 18 years as a portfolio manager of U.S. and international value strategies, and as an equity analyst covering the healthcare industry at Institutional Capital, LLC (ICAP), a Chicago-based value investment firm. Matt has a BA in Economics from Northwestern University, and an MBA from Kellogg School of Management, Northwestern University. Matt is a CFA charterholder.