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Dovetail Investment Group
Dovetail Investment Group is a Phoenix-based private investment firm founded by Coburn Sheppick.
Dovetail Investment Group
Dovetail Investment Group is a Phoenix-based private investment firm founded by Coburn Sheppick. The firm commits its own principal alongside capital raised from sophisticated individual and family-office investors. The structure is designed to insulate partner capital by aligning with seasoned real estate operators and syndicators, rather than building property-management operations in-house. Dovetail targets commercial real estate assets through direct joint-venture structures, favoring tax-efficient single-asset vehicles. Beyond core real estate, the firm's stated investment focus reaches into private equity, venture capital and fixed-income alternatives. The website does not disclose positions by name or fund vintage, but references a process that vets institutional-quality opportunities from operating partners and then invites its investor consortium to review each deal individually. The geographic scope is implied to be U.S.-concentrated, given the Phoenix headquarters and domestic commercial real estate focus. The firm operates as a boutique, privately held manager. It has not publicly disclosed total assets under management or deployment figures, and no team-size metrics or additional offices are named. There is no record of a separate philanthropic foundation or adjacent operating business. No verifiable operational event from the last 24 months is available from the firm's public materials or recent press. Dovetail's structural distinction is its use of a closed investor consortium: individuals and family offices gain access only after the firm has underwritten a deal alongside its operator network. This positions Dovetail as a gatekeeper and co-investor rather than a fund-of-funds, with alignment mechanics the firm describes as extending "beyond economics."
General information
Firm type
Private Equity
Year founded
—
AUM
Undisclosed
Location
Region
North America
Country
United States
City
Phoenix
Corporate office
Phoenix, AZ, United States
Principals
Coburn Sheppick
Founder and CEO
Sector focus
Frequently asked questions
Who runs investment decisions at Dovetail Investment Group?
Founder and CEO Coburn Sheppick leads the firm. Dovetail's model relies on its operator network to source and manage deals, while Dovetail oversees vetting, due diligence, and structuring. Investment decisions appear centralized under Sheppick's leadership, with the firm committing its own principal to every opportunity.
Does Dovetail operate as a fund manager or a co-investment syndicator?
Dovetail functions primarily as a co-investment syndicator. The firm sources individual commercial real estate opportunities through operating partners and offers access via single-asset joint ventures, rather than pooling investor capital into blind-pool commingled funds. It invests its own capital alongside outside investors on a deal-by-deal basis, using tax-efficient structures.
Which asset classes does Dovetail cover?
Commercial real estate is the primary focus. The firm's website also lists private equity, venture capital, and fixed-income alternatives as part of its investment focus, though no specific portfolio companies or non-real-estate positions are named publicly. The core competency remains direct real estate syndication alongside established operating partners.
How does Dovetail's investment process work for outside investors?
The process follows four stages: vetting institutional-quality opportunities with operating partners, executing due diligence, inviting qualified investors in the consortium to review the direct opportunity, and then managing the investment including payouts and performance tracking. Access is gated — investors must join Dovetail's investor group to view current offerings.
Is Dovetail Investment Group open to non-U.S. investors?
The firm's public materials do not address international investor eligibility or cross-border structures. Its operational footprint and headquarters are in Phoenix, Arizona, with a focus on U.S. commercial real estate. Non-U.S. investors should confirm eligibility and tax-structuring options directly with the firm.
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