# ASG Equities

ASG Equities is a Single Family Office based in New York, United States.

## Overview

- **Organization type:** Single Family Office
- **Headquarters:** New York, United States
- **Region:** North America
- **Address:** 26 Cortlandt St, 5th Floor, New York, NY 10007, United States
- **Founded:** 1961
- **Assets under management:** Undisclosed
- **Website:** asgequities.com
- **LinkedIn:** https://www.linkedin.com/company/asg-equities

## Regulatory record

- **Reports private funds:** No

## About

ASG Equities was established in 1961 by the Gindi family after they opened the first Century 21 Department Store in Brooklyn. The family office remains headquartered in New York’s Financial District and continues to be led by family principals including Raymond Gindi and Al Gindi. The firm allocates across real estate, private equity, venture capital, public equities, credit and energy. It holds direct positions in retail, industrial, multifamily, office, hospitality and parking assets and participates in limited partnerships with external managers. Confirmed holdings include 1253 Sainte-Catherine Street West in Montreal, 100 Bloor Street in Toronto and 25 Church Street in New York. The portfolio spans North America and the U.K. Joint-venture partners include Silverstein Properties and Property Markets Group. ASG Equities employs a dedicated team of professionals in New York. In 2024 the firm launched Mercer Labs Museum of Art and Technology at 21 Dey Street through a joint venture that repurposed one of its existing buildings. Adjacent vehicles include The Gindi Foundation and Hearts of Gold. The office maintains memberships in the Milken Institute Young Leaders and Forbes Business Council for Al Gindi. The firm’s structure combines permanent direct ownership of operating real estate with selective commitments to external managers. This hybrid model allows the family to control core assets while accessing third-party opportunities through long-standing relationships with lenders and operators such as Wells Fargo and Blackstone.

## Sectors

- PropTech
- Luxury
- Media & Entertainment
- Real Estate

## People

- Al Gindi — Managing Partner of ASG Equities and President of Gindi Equities

## Questions

### Who runs investment decisions at ASG Equities?

Raymond Gindi serves as CEO and Al Gindi serves as Managing Partner. Both family members hold principal roles and oversee capital allocation across real estate and alternative investments.

### How does ASG Equities source proprietary deal flow?

The firm relies on long-term joint-venture relationships with operators including Silverstein Properties and Property Markets Group. It also maintains direct ownership of assets that generate internal opportunities for repositioning and redevelopment.

### Does ASG Equities participate in fund commitments or only direct deals?

ASG Equities makes both direct investments in real estate and operating businesses and commitments to external managers through limited partnerships in private equity, venture capital and credit.

### What investment stages does ASG Equities typically target?

The firm targets growth and value-add opportunities in real estate and venture capital. It also holds core assets for long-term income and participates in opportunistic repositioning of existing holdings.

### Does ASG Equities maintain philanthropic structures, and how are they separated?

The firm supports The Gindi Foundation, Hearts of Gold and The SAFE Foundation. These vehicles operate separately from the investment portfolio and focus on community and emergency medical initiatives.

### What is ASG Equities known posture on co-investments alongside external GPs?

The firm regularly co-invests with established partners such as Silverstein Properties and Ashkenazy Acquisition Corporation on trophy real estate assets in North America.

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- [Asenza Capital](https://altss.com/profile/asenza-capital)
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Last updated: 2026-08-10T15:54:10.904Z

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