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Entrust Inc.
Gregg Hymowitz's Entrust Inc. deploys capital across maritime and aviation finance, venture capital, and public markets from hubs in Tokyo and Dubai.
Entrust Inc.
Entrust Inc. operates as an investment vehicle tied to the Hymowitz family, with roots in the pulp and paper industry. Gregg Hymowitz serves as its founder, while also chairing the affiliated EnTrust Global, a New York-based alternative asset manager in which the Brunei sovereign wealth fund holds a 20 percent minority stake. The Quandt family of Germany—owners of BMW and the former Entrust Corporation—retain a business-partner relationship tied to legacy Entrust assets. The firm's corporate infrastructure spans an operating fund structure in Tokyo, a significant presence in the Dubai International Financial Centre, and an intellectual property portfolio based in Shakopee, Minnesota. The firm's capital deployment splits across two distinct lanes. The core focuses on maritime and aviation finance through platforms like Blue Ocean Maritime Finance and the Deucalion Aviation Fleet, which provides capital-intensive, hard-asset exposure with long-duration cash flows. Alongside this, Entrust pursues direct venture capital investments, targeting growth-stage companies globally. The firm's public-markets posture gained visibility through EG Acquisition Corp., a SPAC co-sponsored by Hymowitz and Gary Fegel, which completed its initial public offering to target businesses in the industrial and transportation sectors. Geographically, the group maintains decision-making hubs in Japan and the UAE. Team size and total deployment remain undisclosed. The firm's extended ecosystem includes a significant family-office infrastructure: a notable contemporary art collection curated by Hymowitz, personal assets such as a private jet and a yacht, and the EnTrust Global Foundation for philanthropic activities. Club memberships include the Dubai International Financial Centre professional network. In March 2025, EG Acquisition Corp. announced it would liquidate and return capital to shareholders after failing to complete a business combination within its deadline, marking a pivot in the firm's SPAC strategy (per SEC filings, 2025). Entrust stands apart through its hybrid structure: it is neither a pure single-family office nor a standard institutional asset manager. The entity bridges Hymowitz's personal capital, the commingled EnTrust Global funds, and co-investor sovereign wealth from Brunei inside a global footprint that runs through Tokyo's corporate environment and Dubai's financial free zone. This architecture allows it to blend permanent family capital with external limited-partner money across niche asset classes that demand deep operational expertise—most visibly in aircraft and shipping finance—while maintaining a venture portfolio that at times intersects with listed-equity strategies through SPAC vehicles.
General information
Firm type
Operating Fund
Year founded
—
AUM
Undisclosed
Location
Region
Asia
Country
Japan
City
Tokyo
Corporate office
Tokyo, Japan
Additional offices
Dubai, UAE
Principals
Gregg S. Hymowitz
Founder
Gary Fegel
Business Partner
Sector focus
Frequently asked questions
Who runs investment decisions at Entrust Inc.?
Gregg S. Hymowitz serves as the founder and ultimate decision-maker for Entrust Inc. He also chairs EnTrust Global, the affiliated alternative asset manager based in New York. Gary Fegel, a business partner, has co-sponsored the EG Acquisition Corp. SPAC alongside Hymowitz, indicating a collaborative investment-committee dynamic for certain public-market vehicles.
How does Entrust Inc. source private deals?
The firm leverages its operational hubs in the Dubai International Financial Centre and Tokyo, along with EnTrust Global's New York network, to originate transactions. While detailed sourcing methods are not publicly disclosed, the co-investment relationship with the Brunei sovereign wealth fund and the Hymowitz family's deep ties in shipping and aviation finance suggest a network-driven, relationship-based deal flow rather than a broad auction process.
Does Entrust participate in fund commitments or only direct deals?
Entrust Inc.'s known activities center on direct investments, including direct ownership of hard assets like the Deucalion Aviation Fleet and direct venture capital positions. The affiliated EnTrust Global manages commingled funds for external limited partners, but Entrust Inc. itself appears structured for principal, balance-sheet investing rather than acting as a fund-of-funds allocator.
What is the relationship between Entrust Inc. and EnTrust Global?
Gregg Hymowitz founded both entities. Entrust Inc. operates as the family-rooted investment vehicle with a Tokyo headquarters and a focus on principal investments in maritime, aviation, and venture capital. EnTrust Global is a New York-based asset manager that runs alternative strategies for institutional and sovereign clients, including a 20 percent minority stake held by the Brunei Investment Agency. The two share a founder and likely co-investment pipelines but remain legally distinct.
How is the Quandt family connected to Entrust Inc.?
The Quandt family, the German industrial dynasty behind BMW, held a longstanding ownership stake in Entrust Corporation—formerly a Minnesota-based identity and security firm. The legacy relationship places the Quandts as a business partner to the current Entrust Inc. entity, though the precise nature of any ongoing co-investment or governance rights is not publicly detailed.
Does Entrust Inc. maintain philanthropic structures, and how are they separated?
Yes, the EnTrust Global Foundation handles philanthropic giving. It is a separate entity from the investment vehicles, allowing for a structured charitable program that does not commingle donor-advised assets with the firm's operating or investment capital. Hymowitz's personal art collection and other lifestyle assets are also held outside the core investment entity.
What happened to the EG Acquisition Corp. SPAC?
EG Acquisition Corp., co-sponsored by Gregg Hymowitz and Gary Fegel, raised public capital to acquire a business in the industrial or transportation sector but failed to close a deal within its two-year deadline. In March 2025, the SPAC announced it would redeem all outstanding shares and dissolve, returning capital to investors (per SEC filings, 2025). This exit marks a retreat from the SPAC format for now, though it does not preclude future public-market activity.
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