# Colchis Capital Management

Colchis Capital Management is a Bank / Wealth / Trust based in San Francisco, United States.

## Overview

- **Organization type:** Bank / Wealth / Trust
- **Headquarters:** San Francisco, United States
- **Region:** North America
- **Address:** 50 California Street, Suite 1500, San Francisco, CA 94111, United States
- **Founded:** 2005
- **Assets under management:** Undisclosed
- **Website:** www.colchiscapital.com

## Regulatory record

- **CRD number:** 163503
- **SEC file number:** 801-80049
- **Registration status:** Registered
- **Reports private funds:** Yes
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/163503

## About

Colchis Capital Management, L.P. was founded in 2005 in San Francisco as the investment vehicle for the Conrad and Bauer families. From its base at 50 California Street, the firm scans for investment themes driven by market disruptions, coupling a top-down macro view with operational businesses it builds or buys to execute on the ground. The firm deploys across three tightly linked asset classes: private credit, residential real estate, and securitized assets. Within real estate, it concentrates on single-family rental aggregation and residential bridge lending — both areas where its in-house data and analytics platform underpins origination and asset management. The vehicle structure blends direct operating companies with fund commitments. The firm maintains an additional office in Greenwich, Connecticut, and evaluates opportunities globally. Colchis operates without disclosed aggregate AUM or headcount, consistent with a family-capital anchor that does not market to external allocators. Its adjacent vehicles and operating businesses are built in-house to service its residential strategies rather than acquired as standalone brands. The firm has not publicized a fundraising close or leadership change in the past two years, reinforcing the low-profile capital base behind it. The structural differentiator is vertical integration through proprietary technology and captive operating companies. Rather than relying on third-party property managers or loan servicers, Colchis builds the operational infrastructure itself, compressing the value chain between investment decision and asset-level execution in single-family residential and specialty finance.

## Sectors

- Real Estate
- Private Credit
- Specialty Finance

## Offices

- Greenwich, CT, United States

## People

- Conrad family — Principal
- Bauer family — Principal

## Questions

### Who runs investment decisions at Colchis Capital Management?

Colchis is the investment arm for the Conrad and Bauer families. The firm does not publicly name a CIO or managing partner, and day-to-day portfolio management decisions are handled internally by the principals and their team in San Francisco.

### What is Colchis Capital's core investment strategy?

The firm identifies investment themes catalyzed by market dislocations, concentrating on private credit, single-family residential rentals, residential bridge loans, and specialty finance. It uses proprietary data, analytics, and captive operating businesses to source and manage these assets directly.

### Which geographies does Colchis Capital target?

Colchis evaluates investment opportunities on a global basis using a top-down approach, but its operational focus on U.S. single-family residential assets and residential bridge loans points to a deep domestic concentration. The firm maintains offices in San Francisco, California, and Greenwich, Connecticut.

## Related profiles

- [Cognisa Capital](https://altss.com/profile/cognisa-capital)
- [Colina Capital](https://altss.com/profile/colina-capital)

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Last updated: 2026-07-06T00:32:21.991Z

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