# GMF (Gary Fegel Family Office)

GMF (Gary Fegel Family Office) is a Single Family Office based in New York, United States.

## Overview

- **Organization type:** Single Family Office
- **Headquarters:** New York, United States
- **Region:** North America
- **Address:** New York, NY, United States
- **Founded:** 2013
- **Assets under management:** 1500 (Altss estimate)
- **Website:** gmfcapital.com
- **LinkedIn:** https://www.linkedin.com/company/german-marshall-fund-of-the-united-states
- **Wikidata:** Q3095296

## Regulatory record

- **Reports private funds:** No

## About

GMF was founded in 2013 by Gary Fegel. The office manages capital generated from his prior role in aluminum trading at Glencore. It operates as a single-family office with no external fund vehicles disclosed. The strategy mixes private equity, real estate, private credit, and secondaries. Asset classes include buyouts, growth equity, distressed situations, and direct co-investments. Confirmed holdings span residential portfolios in Florida and Virginia, mixed-use assets in California, and venture positions such as Qredo. Activity covers North America and Europe. Co-investors have included Gregg Hymowitz of EnTrust Global on SPAC transactions. The team includes Jay Lobell as co-founder and CEO. Additional offices are not disclosed. The office maintains an art collection through Gary and Yael Fegel and lists membership in ARTnet Top 200 Collectors. No operational events from the last 24 months appear in available records. GMF maintains a direct investment posture that allows allocation across listed and unlisted vehicles without external limited partner commitments. This structure separates family capital deployment from third-party fund marketing.

## Sectors

- FinTech
- Digital Health
- Healthcare Services
- Data Analytics
- Energy Transition & Renewables
- Media & Entertainment
- Supply Chain & Logistics
- Sports & Wellness
- Distressed & Turnaround
- EdTech
- Gaming

## People

- Jay Lobell — Co-Founder and CEO of GMF Capital
- Ehud Barak — Business Partner

## Questions

### Who runs investment decisions at GMF?

Jay Lobell serves as co-founder and CEO. Gary Fegel sets overall direction based on his trading background.

### How does GMF source proprietary deal flow?

The office uses direct relationships from Fegel’s commodity trading career and co-investor networks including Ehud Barak and Gregg Hymowitz.

### Does GMF participate in fund commitments or only direct deals?

The mandate includes both direct co-investments and fund-of-funds exposure alongside secondaries and distressed opportunities.

### What investment stages does GMF typically target?

The office covers buyouts through Series G rounds and maintains allocations to seed and early-stage opportunities.

### Does GMF maintain philanthropic structures, and how are they separated?

Gary Fegel Philanthropic Initiatives exist separately from the investment office.

### What is GMF's known posture on co-investments alongside external GPs?

The office has executed co-investments with partners such as EnTrust Global on SPAC vehicles and maintains positions in Israeli technology and cannabis assets through Ehud Barak.

## Related profiles

- [GROW Investment Group](https://altss.com/profile/grow-investment-group)
- [Beedie Capital](https://altss.com/profile/beedie-capital-beedie-family-office)

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Last updated: 2026-08-10T15:54:10.904Z

Canonical page: https://altss.com/profile/gmf-gary-fegel-family-office

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