Single Family Office

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Clementine Investments

Clementine Investments was established in 2015 as the private investment vehicle for Greg O'Hara, who created the travel-focused private equity firm...

Clementine Investments

Clementine Investments was established in 2015 as the private investment vehicle for Greg O'Hara, who created the travel-focused private equity firm Certares. His wealth originated from structuring major tourism and technology transactions, most notably serving as the lead investor in the $900 million take-private of American Express Global Business Travel in 2014 and building a significant position in TripAdvisor. The Jackson, Wyoming-based office manages a portfolio that is inextricably linked to O'Hara's professional network and personal interests. The firm's deployment strategy concentrates on direct equity stakes in operating businesses and hard assets, with no evidence of passive fund commitments. The asset mix is idiosyncratic: the hospitality vertical includes the Griffin Club Los Angeles and The Ray Hotel, a Curio Collection by Hilton property in Delray Beach, Florida. A consumer and media allocation is visible through O'Hara's adjacency to Noam Gottesman's TOMS Capital, which led the acquisition of Henson Independent Properties' stake in 'The Jim Henson Company' in 2022. The most unique line item is motorsport: the garage holds a collection of vintage Singer Porsches, and the firm co-owns the Hertz Team JOTA Porsche 963, which competes in the FIA World Endurance Championship. Greg O'Hara runs the investment process, supported by senior operating partners from the Certares ecosystem. Thomas LaMacchia serves as General Counsel and Managing Director for both Clementine and Certares, while Colin Farmer, a Certares partner, is identified as a co-owner of the private equity firm. The office's reach into adjacent networks is formalized through O'Hara's role as Chairman of the World Travel & Tourism Council, placing him at the center of the industry's capital flows. The firm's philanthropic arm funnels capital into The Guilford Foundation and The Innocence Project, aligning with the O'Hara family's personal giving. Clementine's structural differentiator is its identity as a hybrid deployment vehicle where the investment portfolio serves as a ledger of a principal's career relationships and passions. It does not market to external allocators, does not disclose AUM, and does not pursue a thematic mandate. Its capital is wired through a web of co-investor ties — Knighthead Capital's Tom Wagner appears alongside O'Hara in the Singer Vehicle Design stake and the Hertz bankruptcy-restructuring play — making the office resemble an invitation-only syndicate more than a conventional family office.

General information

Firm type

Single Family Office

Year founded

2015

AUM

Undisclosed

Location

Region

North America

Country

United States

City

Jackson

Corporate office

Jackson, WY, United States

Principals

Greg O'Hara

Founder and Chief Investment Officer

Sector focus

Travel & HospitalityReal EstateMedia & EntertainmentConsumer Goods

Frequently asked questions

Who makes the final investment decisions at Clementine Investments?

Greg O'Hara, who founded the firm after building travel-private-equity platform Certares, acts as the Chief Investment Officer. He is supported by a tight group of long-time Certares colleagues, including Managing Director Thomas LaMacchia, who also serves as General Counsel. The structure suggests O'Hara maintains sole discretion on capital allocation, with no indication of an external investment committee.

How does Clementine source its deals?

The firm's deal flow is deeply rooted in Greg O'Hara's operating history and board-level relationships across the travel, hospitality, and media sectors. As Chairman of the World Travel & Tourism Council and a former lead investor in American Express Global Business Travel, O'Hara executes transactions through a close network of co-investors including Noam Gottesman of TOMS Capital and Tom Wagner of Knighthead Capital. The office does not publicly solicit deal flow from external intermediaries.

Does Clementine commit to outside funds or invest only directly?

Clementine operates as a pure direct-investment platform. The disclosed portfolio consists entirely of direct equity stakes in operating businesses and hard assets, such as the Griffin Club Los Angeles and the Hertz Team JOTA racing team, with no visible fund-of-funds or limited-partner commitments.

What is Clementine's relationship to Certares Management?

Clementine is the family office for the wealth Greg O'Hara generated as the founder of Certares, but the two are legally distinct entities. However, the operational boundary is porous: Thomas LaMacchia serves simultaneously as General Counsel and Managing Director for both firms, and Certares partner Colin Farmer is a co-owner of the management company. The office's Jackson, Wyoming location is separate from Certares's main offices.

Where does the underlying wealth of Clementine Investments originate?

The capital managed by Clementine comes from Greg O'Hara's career structuring private equity deals across the travel sector. Primary liquidity events include leading the 2014 take-private of American Express Global Business Travel in a deal valued at approximately $900 million and accumulating a significant stake in TripAdvisor.

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