Civitas Financial LLC

President Mark C. Dalton oversees firm strategy, while Chief Investment Officer James L. Apt leads portfolio construction and manager selection. The two have been the named principals since public disclosure through SEC filings. (per SEC ADV, 2024)

Civitas is structured as a multi-family office serving a closed set of ultra-high-net-worth families, distinct from a single-family office serving a single dynasty. It files as a registered investment adviser with the SEC, which indicates it manages client assets beyond a single family. (per SEC ADV)

The firm allocates across private credit, real estate, hedge funds, private equity, and fixed income. It originates direct loans to middle-market companies and co-invests in funds managed by firms like Apollo Global Management and Blackstone. (public record, industry sources)

Civitas does both. It commits capital to external fund managers — known positions include Apollo private-credit funds and Blackstone real-estate funds — while also running its own direct-lending program. (public record)

Civitas does not publicly publish an AUM figure. Its SEC Form ADV indicates it manages assets for multiple clients, but the exact number remains undisclosed. (Altss estimate: $1B–$5B)

The firm does not disclose the origin of its client wealth. Its principals have not attributed the capital to any single family, company, or industry source. (public record)