Our Team

Alfred R. Berkeley, III

Chairman of the Firm and Chairman of the Investment Committee

Al resumed the Chairmanship of the Firm in January 2013, a position previously held from 1996 to 2006. Al was President of NASDAQ Stock Market, Inc. from 1996 until 2000 and was Vice-Chairman until 2003. Prior to returning to Princeton Capital Management, Al was Chairman of Pipeline Financial Group. Earlier in his career, as a General Partner of Alex. Brown & Sons, Al served as a software analyst where he was designated a First Team All-American analyst. He has served as a Director of a number of companies, institutions and non-profit organizations including Safeguard Scientifics, Comshare, Cognos, Webex Communications, ACI Worldwide, Realpage, Edgar Online Policy Management Systems, The Nature Conservancy, The World Economic Forum USA and Johns Hopkins University, among others. Al has also served on a number of government advisory panels including the President’s National Infrastructure Advisory Council, U.S. Department of Homeland Security Committee on Homeland Advisory System, The National Academies' Committees on Scientific Communications and National Security and Monetary Authority of Singapore’s International Advisory Council. He has testified before Congressional committees (Joint Economic Committee, House Homeland Security Committee and House Permanent Select Committee on Intelligence). Al took his bachelor’s degree from the University of Virginia and his MBA from the Wharton School and served as an officer in the US Air Force and the US Air Force Reserve.

Joseph A. Cajigal

Chief Executive Officer and Portfolio Manager

Joe is the Firm’s CEO and oversees all aspects of Princeton Capital Management. He is also responsible for managing portfolios for high net worth clients and is the lead manager of the Firm’s Long/Short strategy offered to private clients. Prior to joining the Firm, Joe founded and was the Senior Partner of Hudson Canyon Investment Counselors.  Joe spent over 25 years at Fiduciary Trust, serving as the Executive Officer responsible for the management of Fiduciary Trust Company International’s ("Fiduciary") domestic mutual fund company, its non-U.S. mutual fund company and its registered broker dealer. During his tenure, he served as a member of Fiduciary’s Management Committee, Fiduciary’s Executive Committee, Division Executive for the Investors Services Division, President of its Tax Planning and Compliance subsidiary and President of its New York Stock Exchange registered broker dealer. Joe holds a BA degree in Mathematical Economics from St. Peter’s College.

Hugh Fitzpatrick

President

Integral to his focus on client relationships, Hugh is part of the investment team and provides capital markets perspective. Hugh has worked with institutional investors and in capital markets both in the United States and in London for more than thirty years. Prior to joining the Firm in 2006, Hugh was a Managing Director at Wachovia Securities (and successor firms before combining into Wachovia). Before that he was with Alex. Brown & Sons as a Senior Vice President, which included several years as manager of Alex. Brown’s international trading in London. Hugh was also previously associated with William Sword & Co., where he worked in fixed income and equity trading and in research. He graduated from Duke University with a BA in History.

Karen F. Keeler

Chief Administration Officer

Karen joined Princeton Capital Management in 1999 and currently serves as Chief Administration Officer. In addition to her responsibilities in investment and marketing operations, Karen oversees trading and is the Firm’s Corporate Secretary. Prior to her association with Princeton Capital Management, Karen was instrumental in the formative growth and development of TMG, Inc., a business software development enterprise. Karen graduated from Duke University with a BA in Economics. Immediately thereafter she was employed by the United States Tennis Association in their marketing department.

Steven H. Reynolds

Co-Chairman of the Investment Committee and Portfolio Manager

Steve has served in a senior management position at leading wealth management companies and as CIO at Bankers Trust, Wachovia Corporation and Kemper Investments as well as at hedge fund Craig Drill Capital. He worked at Capital Group as a research analyst, portfolio manager, and Director of Research and has been a portfolio manager and led investment teams at Alliance Capital and IDS. Steve has served as a Trustee of Johns Hopkins University and chaired the Investment Committee for the University’s Endowment. He also served on the Board of Governors of Parsons The New School for Design. He received his BA in Economics from Johns Hopkins University and his MBA from the University of Virginia Colgate Darden Graduate School of Business.

Kenneth T. Berents

Co-Chairman of the Investment Committee

Ken has more than 31 years of investment experience and now serves as the Co-Chairman of Princeton Capital Management's Investment Committee. He began working with the Firm as an Advisory Director in 2007, while also managing family funds and serving on Boards or Advisory Councils of several corporate and not-for-profit organizations. Previously, Ken was a Managing Director of Goldman Sachs Asset Management, serving as Senior Portfolio Manager and Co-Chairman of the investment Committee of the Growth team, which managed over $25 billion in assets. Prior to that he was the Director of Equity Research for Wheat First Union, now part of Wells Fargo. Earlier in his investment career, he was a senior research analyst with Alex. Brown & Sons, Legg Mason, and Wheat First Butcher Singer, where he was named a Wall Street Journal All-Star Media Analyst. A graduate of Villanova University, Ken also received an MA in Journalism from the University of Missouri. Before entering the investment field, Ken was a newspaper reporter, and named an Alfred P. Sloan Fellow in Economics at Princeton University's Woodrow Wilson School while working for the Baltimore Sun.

Carl Scaturo

Managing Director and Portfolio Manager

Carl is a Portfolio Manager responsible for managing equity and balanced portfolios for clients. Prior to joining Princeton Capital Management, Carl served as a Senior Vice President for 23 years with Fiduciary Trust International as a Portfolio Manager, providing portfolio management to high net worth individuals and families throughout the country. Carl was also a member of Fiduciary Trust’s Value Research team, a sector co-head of the Healthcare equity strategy group and co-managed the Fiduciary Trust Large Cap Growth and Income Fund. Carl began his investment career with Citibank in the Private Bank and holds a BS degree in Economics from Southern Connecticut University.

Toby Pitts

Managing Director
Retirement Services

Prior to joining the Princeton Capital Management team, Toby spent 25 years with Merrill Lynch, retiring as a Senior Vice President. His broad range of experience at Merrill Lynch included serving as financial advisor, training and branch office manager. Thereafter, Toby served as the budget director for the Baltimore City Public School System, where he was responsible for their $1.4 billion budget. He also played a key role in developing and implementing Baltimore’s student-based funding formula, a national model for Fair Student Funding and decentralized school budgets. Throughout his career, Toby has been actively engaged in the Baltimore community, serving on a number of boards including the Baltimore Curriculum Project, the Institute for Christian & Jewish Studies and the National Parks and Conservation Association. He is a graduate of Kenyon College (1973) with a BA degree in English and Religion.

Sam J. Milstein

Analyst
Investment Committee

Sam has been a consultant in the life sciences to Princeton Capital Management since its inception in 1988. He is currently President of Mortar & Pestle Consulting, a practice servicing financial and pharmaceutical companies. Previously, he was founder and CEO of Fulcrum Pharmaceuticals. He also served as President of Emisphere Technologies. Sam holds numerous patents on physico-chemical mechanisms for drug delivery. He was a chemistry major at City College of New York and earned an MS in Physical Chemistry from University of New Brunswick and a PhD in Biochemistry from New York University.

Jason Lohe

Managing Director
Business Development

Jason leads the firm’s business development efforts for sustainable investing and in particular the UNGSII Sustainable Goals strategy and fund. Jason is also currently the CEO and founder of Safeguard Financial and Insurance Services. Jason’s extensive background has had a significant focus in the worlds of both Professional Sports and Finance. Jason was previously a Registered Player Financial Advisor with the National Football League Players Association. Prior to founding Safeguard Financial, Jason worked for Morgan Stanley as a Financial Advisor specializing in equity collars and has also worked for JP Morgan Chase as a Private Client Advisor and AIG Advisor Group.