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Elystone Capital
Elystone Capital was established in 2003 by Luis Palacios. The firm operates from Geneva and maintains a relationship with the Bulgari family that includes...
Elystone Capital
Elystone Capital was established in 2003 by Luis Palacios. The firm operates from Geneva and maintains a relationship with the Bulgari family that includes oversight of their LVMH shareholdings. Investment activity spans private equity, real estate, hedge funds and philanthropic vehicles. Confirmed holdings include commercial properties at 110 and 112 Pitts Bay Road in Hamilton, Bermuda, plus mixed-use projects under Stoneweg in Spain and Portugal. The firm also executes direct co-investments and fund-of-funds mandates in Energy Transition & Renewables, Healthcare Services, Luxury and Media & Entertainment. The team includes Francesco Trapani, former Bulgari CEO, and Daniel Tafur of Equilibria Capital Management. Elystone Capital holds membership in the Swiss Association of Asset Managers (VSV-ASG) and operates the First Dollar Foundation. Governance centers on a board chaired by Carlo Schneider with majority ownership retained by founder Luis Palacios. This structure separates client mandates from the operating company while preserving direct control over Bulgari-related assets.
General information
Firm type
Multi Family Office
Year founded
2003
Location
Region
Europe
Country
Switzerland
City
Geneva
Corporate office
Geneva, Switzerland
Principals
Luis Palacios
Founder and majority owner
Francesco Trapani
Business Partner and former Chairman
Daniel Tafur
Business Partner
Carlo Schneider
Chairman of the Board of Directors
Sector focus
Frequently asked questions
Who runs investment decisions at Elystone Capital?
Luis Palacios serves as founder and majority owner. Carlo Schneider chairs the board. Francesco Trapani and Daniel Tafur act as business partners on client mandates.
How is Elystone Capital related to the Bulgari family?
The firm manages the fortune of the Bulgari dynasty, including LVMH shareholdings for Veronica and Ilaria Bulgari.
Does Elystone Capital participate in fund commitments or only direct deals?
The firm uses both direct co-investments via SPVs and fund-of-funds commitments alongside hedge fund and private equity allocations.
Which regions does Elystone Capital target for real estate?
Confirmed real estate activity covers Switzerland, Spain, Portugal and Bermuda.
What philanthropic structures does Elystone Capital maintain?
The firm operates the First Dollar Foundation as a separate vehicle for mission-related investing.
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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