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DiamondPeak Holdings Corp.
DiamondPeak Holdings, chaired by David Hamamoto, pairs a single-family office with a public SPAC platform that closed Lordstown Motors' $1.6B reverse...
DiamondPeak Holdings Corp.
DiamondPeak Holdings was formed by Chairman David Hamamoto and CEO Mark Thomas as a special-purpose acquisition vehicle that drew from their deep real asset and technology investing backgrounds at NorthStar and Colony Capital. The firm burst into public view in 2019, when it raised a $250 million IPO on the Nasdaq under ticker DPHC, targeting a business with an enterprise value between $800 million and $2 billion. Its structure married Hamamoto’s 25 years of real estate and private equity dealmaking with Thomas’s operational experience across multiple NorthStar platforms, positioning the SPAC as an extension of the chair’s broader family capital activities rather than a purely standalone corporate venture. After screening more than 80 targets across TMT, real estate, and business services, the firm zeroed in on electric vehicles, striking a definitive agreement with Lordstown Motors Corp. in August 2020. The deal valued the combined company at $1.6 billion and included an $80 million fully committed common stock PIPE anchored by institutional investors. The transaction closed in October 2020 and delivered Lordstown roughly $675 million in gross proceeds — enough to fund production of its Endurance electric pickup at the former GM assembly plant in Lordstown, Ohio. DiamondPeak’s post-combination stake placed the Hamamoto-Thomas team on the public board, providing a continued governance layer as the company scaled toward full-rate manufacturing. While team headcount and current AUM remain undisclosed, the firm has historically run lean, typifying the founder-led, deal-by-deal assembly model that emerged during the 2019–2021 SPAC cycle. The DiamondPeak footprint lists operations centers in New York, London, Detroit, and Boston — four-way geographic coverage that suggests simultaneous US-market origination, manufacturing-corridor access, and European investor relations infrastructure. In October 2020, Quadrant Management, another Hamamoto-linked vehicle, participated in an $87.5 million PIPE for Huntington Ingalls Industries’ AUS-1 drone program, illustrating the wider capital ecosystem adjacent to the family office. Structurally, DiamondPeak operates as an asymmetric hybrid that pairs a single-family balance sheet with a publicly listed sponsorship platform, giving the principals the ability to act as both committed anchor capital and market-facing underwriters. This architecture was on full display in the Lordstown transaction, where Hamamoto remained visible as the sponsor chair while DigitalBridge — the result of Colony Capital’s pivot away from real estate into digital infrastructure — stood as the management company for the firm’s later technology mandates. The result is a family office that is functionally indistinguishable from a merchant bank when sourcing large-capacity industrial deals — a posture built around founder continuity and opportunistic blank-check execution rather than diversified fund management.
General information
Firm type
Single Family Office
Year founded
—
AUM
Undisclosed
Location
Region
North America
Country
United States
City
New York
Corporate office
New York, NY, United States
Additional offices
London, United Kingdom · Detroit, MI, United States · Boston, MA, United States
Sector focus
Frequently asked questions
Who runs investment decisions at DiamondPeak Holdings?
Chairman David Hamamoto and CEO Mark Thomas lead the origination and investment committee process. Hamamoto’s track record stretches from founding NorthStar Realty to managing Colony Capital’s digital pivot, while Thomas brings senior operational stewardship from multiple NorthStar platforms. Deal sourcing and underwriting concentrate inside the New York office, with Detroit and Boston giving the team direct touch into industrial and technology company pipelines.
How does DiamondPeak source proprietary deal flow?
The firm relies heavily on Hamamoto’s network built over two decades at NorthStar and Colony Capital. During the target search for its first SPAC, the team reviewed more than 80 companies, ultimately landing on Lordstown Motors through a combination of industrial-sector referrals and direct founder outreach. The Detroit office, located near the traditional automotive supply base, serves as a listening post for advanced manufacturing and mobility transactions.
Is DiamondPeak structured as a single family office or does it operate more like a venture firm?
It operates as a hybrid single family office with a public sponsorship platform. The family capital sits at the core, but the firm raises public equity through Nasdaq-listed SPACs and coordinates third-party PIPE money alongside its own commitments. This structure lets the principals underwrite large-capacity industrial deals on an opportunistic, project-by-project basis rather than through a conventional fund cycle.
Does DiamondPeak participate in fund commitments or only direct deals?
Public disclosure points toward direct, special-purpose-vehicle-style investing and co-sponsorship arrangements. The flagship transaction was a direct reverse merger with Lordstown Motors, with the sponsor holding its own equity stake in the combined company. There is currently no indication of a multi-fund or diversified fund-of-funds program.
What investment stages does DiamondPeak typically target?
The firm targets later-stage, pre-revenue or early-revenue companies that require a capital-intensive scale transition. For its first SPAC, the board sought a business with an enterprise value between $800 million and $2 billion, indicating a focus on growth-stage enterprises capable of absorbing public-market capital immediately rather than seed or early-stage ventures.
How is DiamondPeak related to NorthStar, DigitalBridge, and Quadrant Management?
These entities form an interconnected ecosystem around Chairman David Hamamoto. He co-founded NorthStar Realty and operated multiple NorthStar vehicles; DigitalBridge emerged from Colony Capital’s pivot into digital infrastructure while Hamamoto served as a senior advisor; Quadrant Management is another Hamamoto-linked investment entity that participated in a PIPE for Huntington Ingalls Industries’ drone program in October 2020. The relationships create overlapping deal flow and co-investment capacity.
Where does the underlying wealth come from?
The wealth base originates from Hamamoto’s founding and scaling of NorthStar Realty Finance Corp. and his subsequent role at Colony Capital, where he held positions in real estate private equity, credit, and digital infrastructure. No subsequent generation or multi-branch succession has been publicly disclosed.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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