# Avestar Capital

Avestar Capital is a Multi Family Office based in New York, United States.

## Overview

- **Organization type:** Multi Family Office
- **Headquarters:** New York, United States
- **Region:** North America
- **Address:** New York, New York, United States
- **Founded:** 2017
- **Assets under management:** Undisclosed
- **Website:** avestarcapital.com
- **LinkedIn:** https://www.linkedin.com/company/avestar-capital

## Regulatory record

- **CRD number:** 287525
- **SEC file number:** 801-110020
- **Registration status:** APPROVED
- **Latest Form ADV filing:** 2026-04-20T05:00:00.000Z
- **Reports private funds:** Yes
- **Private funds reported:** 0
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/287525

## About

Avestar Capital was established in 2017 by Xerxes Mullan. The firm grew from his prior role advising private clients at Merrill Lynch and now operates as a multi-family office with Shilpa Konduri Mullan serving as president and Sanjeev Kumar as managing partner. The office deploys capital through direct co-investments and SPVs, fund-of-funds commitments, hedge-fund allocations, and mixed-use real-estate positions. Confirmed activity centers on North America. Portfolio construction favors integrated global wealth strategies for entrepreneur and executive families rather than single-asset mandates. Avestar Capital reports 1,531 million USD under management according to internal records. The firm maintains its sole office in New York and participates in the India Philanthropy Alliance and The Akshaya Patra Foundation. Xerxes Mullan holds membership in YPO. Ownership sits under parent Atash Holdings, LLC, where Shilpa Konduri Mullan is majority owner. This holding-company structure separates operating decisions at the family-office level from broader family-asset control.

## Sectors

- Real Estate
- Hedge Funds

## People

- Xerxes Mullan — Founder and CEO
- Shilpa Konduri Mullan — President

## Questions

### Who runs investment decisions at Avestar Capital?

Xerxes Mullan serves as founder and CEO. Sanjeev Kumar acts as managing partner and Shilpa Konduri Mullan holds the title of president.

### How is Avestar Capital structured relative to its parent?

The firm operates as a subsidiary of Atash Holdings, LLC. Shilpa Konduri Mullan is majority owner of the holding company.

### Does Avestar Capital commit to external funds or focus on direct deals?

The office uses both approaches. It participates in fund-of-funds vehicles and hedge funds while also executing direct co-investments and SPVs.

### What professional networks does the leadership maintain?

Xerxes Mullan belongs to YPO and is a member and frequent speaker at the World Zarathushti Chamber of Commerce.

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- [Coges Corraterie Gestion](https://altss.com/profile/coges-corraterie-gestion)
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Last updated: 2026-06-03T20:00:00.000Z

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