# Change Capital

Change 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:** 600 Madison Ave. 18th Fl. New York, NY 10022
- **Founded:** 2014
- **Assets under management:** Undisclosed
- **Website:** change.capital
- **LinkedIn:** https://www.linkedin.com/company/change-capital

## Regulatory record

- **CRD number:** 315172
- **Latest Form ADV filing:** 2026-03-31T05:00:00.000Z
- **Reports private funds:** Yes
- **Private funds reported:** 0
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/315172

## About

Change Capital was founded in 2014 by operators focused on multi-family wealth preservation. Raffi Azadian serves as CEO. The firm provides tailored investment and advisory services to multiple families rather than a single lineage. The firm deploys capital through private credit, sub-debt facilities, and alternative structures. Confirmed transactions include a $3.5 million credit facility for QX Logistix in partnership with the Azadian Group and Republic Business Credit, plus sub-debt to healthcare and logistics platforms. It also backs early-stage opportunities in AgriTech & FoodTech, ClimateTech, and FinTech. Activity spans North America, Europe, Asia, and South America. Change Capital lists two U.S. offices and maintains affiliations with the Ally Capital Collab Endowment. No headcount or AUM figures appear in public materials. Recent public activity centers on financing announcements rather than personnel changes. The firm operates with a hybrid model that pairs family-office advisory with direct lending execution through long-standing credit relationships.

## Sectors

- AgriTech & FoodTech
- Supply Chain & Logistics
- ClimateTech
- Circular Economy
- WaterTech
- FinTech

## Offices

- Vernon, California, United States

## People

- Raffi Azadian — CEO

## Questions

### Who runs investment decisions at Change Capital?

Raffi Azadian serves as CEO and directs investment activity. The firm does not publish additional investment committee members.

### Does Change Capital participate in fund commitments or only direct deals?

The firm executes direct private credit and sub-debt transactions. It has also partnered on facilities alongside Republic Business Credit.

### What investment stages does Change Capital typically target?

Early-stage opportunities appear alongside growth and mature-company financing. The website lists early-stage focus in several sectors.

### How is Change Capital related to the Azadian Group?

The Azadian Group functions as the affiliated private equity arm. Change Capital supplies debt financing to the same portfolio companies.

### Where does Change Capital maintain offices?

The firm lists its headquarters at 600 Madison Avenue in New York and an additional office at 5685 Alcoa Avenue in Vernon, California.

## Related profiles

- [Chalus Chegaray & Cie](https://altss.com/profile/chalus-chegaray-cie-chegaray-and-chalus-family-office)
- [Chaotic Investments](https://altss.com/profile/chaotic-investments-chao-family-office)

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Last updated: 2026-06-03T20:00:00.000Z

Canonical page: https://altss.com/profile/change-capital

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