Chestnut Ridge Capital

Chestnut Ridge Capital

Chestnut Ridge Capital was established in 2002 by Kenneth D. Pasternak after his tenure at Knight Trading Group, the electronic market maker he co-founded. The office operates from Ridgefield Park, New Jersey, and channels capital into alternatives with a multi-decade horizon. Allocations span hedge funds, direct real estate, and venture-style commitments. Confirmed holdings include mixed-use and commercial properties such as 1 North Main Street in Port Chester, Broadway Commons in Hicksville, and 65 Bay Street in Jersey City. The office has also partnered on developments with Kushner Companies in Jersey City. Geographic reach stays within North America, primarily the Northeast and Florida. The team includes business partners Adam Altman and Eliezer R. Katz, both former portfolio managers at the office. Real estate execution occurs through KABR Group. The Pasternak Family Foundation handles separate philanthropic activity. No public AUM figure exists. The structure ties investment decisions directly to the Pasternak family balance sheet, allowing co-investments and property acquisitions without external LP constraints or fixed fund cycles.