# Benchstone Capital Management

Benchstone Capital Management is a RIA based in New York, United States.

## Overview

- **Organization type:** RIA
- **Headquarters:** New York, United States
- **Region:** North America
- **Address:** Fort Worth, TX, United States
- **Founded:** 2010
- **Assets under management:** $1B - $5B (Altss estimate)
- **Website:** benchstonecapital.com
- **LinkedIn:** https://www.linkedin.com/company/benchstone-capital-management-lp

## Regulatory record

- **CRD number:** 329873
- **SEC file number:** 801-129623
- **Registration status:** Registered
- **Reports private funds:** Yes
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/329873

## About

BENCHSTONE CAPITAL MANAGEMENT LP is an SEC-registered investment adviser in NEW YORK, NY, registered since 2024. The firm manages approximately $1.1 billion in assets. It has 11 employees and 7 investment advisers.

## Sectors

- Energy Transition & Renewables
- Real Estate
- Private Credit
- Hedge Funds
- Enterprise Software
- Infrastructure

## People

- Robert Bass — Principal

## Questions

### How does Benchstone Capital Management source proprietary deal flow?

Benchstone relies on a network built over four decades by Robert Bass, encompassing private equity sponsors, direct company relationships, and a small circle of co-investing peers. The firm does not operate a formal outbound sourcing team. Its willingness to write large, patient checks and accept custom structures attracts opportunities from sponsors who value certainty of close over auction dynamics.

### Does Benchstone participate in fund commitments or only direct deals?

Benchstone engages in both. Its direct activity focuses on private equity co-investments, real estate, and energy infrastructure. Simultaneously, it has made substantial limited-partner commitments to venture funds from managers including Spark Capital and Founders Fund, using the fund portfolio to access early-stage technology exposure without building an in-house venture team.

### Which sectors does Benchstone Capital Management explicitly avoid?

Benchstone has consistently avoided sectors characterized by short-cycle consumer demand and high-fashion risk, such as apparel and branded consumer goods. It also exhibits no public record of investing in biotechnology or pharmaceutical development, areas that require specialized scientific diligence and carry binary regulatory risk unsuited to the firm's generalist team structure.

## Related profiles

- [Tuliptree Advisors](https://altss.com/profile/tuliptree-advisors)
- [CCS Partners](https://altss.com/profile/ccs-partners-llc)

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Last updated: 2026-07-06T01:24:12.307Z

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