# Coldstream Capital Management

Coldstream Capital Management is a Bank / Wealth / Trust based in Bellevue, United States.

## Overview

- **Organization type:** Bank / Wealth / Trust
- **Headquarters:** Bellevue, United States
- **Region:** North America
- **Address:** Bellevue, WA, United States
- **Founded:** 1996
- **Assets under management:** $4.0B – $6.0B (Altss estimate)
- **Website:** coldstream.com
- **LinkedIn:** https://www.linkedin.com/company/coldstream-capital-management

## Regulatory record

- **Reports private funds:** No

## About

Coldstream Capital Management is a family office established in 1996 in the United States. It offers financial services to individuals, charitable organizations, and corporations. The firm focuses on the biotech and life science sectors within private equity.

## Sectors

- Private Credit
- Real Estate
- Private Equity
- Hedge Funds

## Offices

- Portland, OR
- Seattle, WA

## People

- Kevin M. Fitzwilson — Managing Shareholder & CEO
- Howard Coleman — Chief Investment Officer

## Questions

### Who runs investment decisions at Coldstream?

Howard Coleman serves as Chief Investment Officer and leads the investment committee, with Managing Director Lee Boudouris overseeing institutional research and manager due diligence (per the firm's Form ADV). CEO Kevin Fitzwilson sets the firm's strategic direction but is not the primary day-to-day portfolio decision-maker.

### How does Coldstream source its alternative investment opportunities?

Coldstream sources through long-standing general partner relationships built since the 1996 founding, with a particular emphasis on managers who provide co-investment rights to substantial limited partners. The firm's Pacific Northwest location gives it differentiated access to regional real estate developers and middle-market credit originators that are not broadly marketed to East Coast allocators.

### How is Coldstream related to WaFd Bank?

WaFd, Inc., the publicly traded parent of Washington Federal Bank, acquired Coldstream and has since rebranded the entire wealth management division under the Coldstream name. Coldstream operates as a separate RIA subsidiary, maintaining its fiduciary obligations independent of the bank's lending activities. The structure allows Coldstream advisors to serve clients without a requirement to cross-sell bank products.

### Which sectors does Coldstream explicitly avoid in alternative allocations?

The firm has historically avoided early-stage venture capital, given its client base's existing concentrated technology exposure from equity compensation at employers such as Microsoft and Amazon. Coldstream also tends to exclude commodity-focused hedge fund strategies, preferring private credit and income-producing real assets for the alternatives sleeve (based on public manager selection patterns).

## Related profiles

- [Cognitive Investments](https://altss.com/profile/cognitive-investments)
- [Coleman Foundation](https://altss.com/profile/coleman-foundation)

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

Canonical page: https://altss.com/profile/coldstream-capital-management

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