Asset Manager

Updated:

Alight Capital

Alight Capital Management LP was founded in 2014 by Dipak Patel, who established the firm as a registered investment advisor headquartered at 1540...

Alight Capital

Alight Capital Management LP was founded in 2014 by Dipak Patel, who established the firm as a registered investment advisor headquartered at 1540 Broadway in New York City. The firm operates as a private asset manager rather than a traditional single-family office, with Patel serving as the founding principal. Details on the source of capital backing the firm have not been publicly disclosed. The firm's strategy spans multiple asset classes, including public equities, private credit, and alternative investments. Alight Capital invests through both commingled funds and separately managed accounts, adapting its approach to client objectives. The specific portfolio companies or direct investments the firm holds are not disclosed in public filings or on its website. Geographic focus appears centered on North American markets. No team size, additional offices, or philanthropic vehicles have been publicly attributed to Alight Capital. The firm's registered address in New York serves as its sole known operational base. There are no publicly available operational events from the last 24 months that inform its current posture. Alight Capital's structural differentiator is its independent, founder-led model as a registered investment advisor — a structure distinct from both single-family offices and large multi-asset managers. This setup allows it to manage capital for multiple clients without the regulatory constraints of a bank or the concentrated mandate of a single-family office.

General information

Firm type

Asset Manager

Year founded

2014

AUM

Undisclosed

Location

Region

North America

Country

United States

City

New York

Corporate office

1540 Broadway, Suite 3720, New York, NY 10036, United States

Principals

Dipak Patel

Founder

Frequently asked questions

Who runs investment decisions at Alight Capital?

Dipak Patel founded Alight Capital Management in 2014 and serves as the firm's principal. The firm does not publicly list a CIO or separate investment committee. Investment decisions are made by Patel and the advisory team, consistent with its registered investment advisor structure (per firm website).

How does Alight Capital source investment opportunities?

The firm's sourcing model is not publicly detailed. As a registered investment advisor, Alight Capital likely originates deals through relationships with investment banks, law firms, and other advisors. The firm does not disclose a specific proprietary sourcing mechanism or co-investment network.

Is Alight Capital structured as a single family office or a multi-asset manager?

Alight Capital is registered as an investment advisor with the SEC under the name Alight Capital Management LP. It is not a single-family office — it manages capital for multiple institutional and high-net-worth clients, operating as an independent asset manager. This structure is distinct from a concentrated office serving a single family.

Does Alight Capital participate in fund commitments or only direct deals?

Alight Capital invests through both commingled funds and separately managed accounts, offering flexibility in how it deploys capital. The firm does not publicly restrict itself exclusively to fund commitments or direct investments. Its strategy includes public equities, private credit, and alternatives.

What investment stages does Alight Capital typically target?

The firm does not disclose a specific stage preference. Its strategy spans public equities and private credit, suggesting it targets liquid and semi-liquid opportunities rather than early-stage venture. No public information specifies a focus on growth equity, buyouts, or distressed situations.

Which sectors does Alight Capital explicitly avoid?

Alight Capital has not publicly disclosed any sectors it excludes from investment. The firm's website lists no negative screens or exclusionary criteria. Without disclosed investment theses or ESG guidelines, its sector approach remains opaque.

How is Alight Capital related to Alight Solutions (the HR software company)?

Alight Capital is not affiliated with Alight Solutions, the HR and benefits cloud company. The similarity in name is coincidental. Alight Capital is an independent registered investment advisor founded in 2014 by Dipak Patel, distinct from the publicly traded Alight Inc. (ticker: ALIT).

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