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Hersz Capital
Hersz Capital was founded by Josh Hersz, who earned his fortune as an early executive at Zendesk, the customer service software company that went public...
Hersz Capital
Hersz Capital was founded by Josh Hersz, who earned his fortune as an early executive at Zendesk, the customer service software company that went public in 2014 and was later acquired by a private equity consortium in 2022. The firm operates as a single-family office with a multi-asset mandate, investing across public equities, private equity, venture capital, real estate, and credit. It maintains a geographically dispersed team, with offices in Menlo Park, New York, Memphis, Oak Park, San Francisco, and Jackson. The firm makes both direct investments and commitments to external managers. Its portfolio includes stakes in private technology companies, real estate assets, and credit opportunities. Hersz Capital has been an investor in venture capital funds focused on enterprise software and AI, and has co-invested alongside those fund managers in later-stage rounds. The geographic footprint spans the United States, with some exposure to European markets through fund partnerships. The firm does not publicly disclose individual portfolio companies or deployment amounts. Hersz Capital employs a lean team of professionals — exact headcount is not disclosed. It operates as a classic single-family office without a registered investment advisor structure. The firm has not disclosed any foundation or separate philanthropic vehicle. No recent operational events have been publicly reported in the last 24 months. What distinguishes Hersz Capital is its wide geographic dispersion and multi-office structure. The founding principal remains actively involved in investment decisions, and the firm functions as a direct extension of the Hersz family wealth. It does not solicit external capital or manage assets for non-family members, reinforcing its identity as a traditional single-family office.
General information
Firm type
Single Family Office
Year founded
—
AUM
Undisclosed
Location
Region
North America
Country
United States
City
Menlo Park
Corporate office
Menlo Park, CA, United States
Additional offices
New York · Memphis · Oak Park · San Francisco · Jackson
Principals
Josh Hersz
Founder & Managing Partner
Sector focus
Frequently asked questions
Who runs investment decisions at Hersz Capital?
Josh Hersz serves as the Founder and Managing Partner, overseeing all investment decisions. He built the firm after his tenure at Zendesk, where he was an early executive prior to the company's IPO. The firm does not publicly name any other investment professionals.
Is Hersz Capital a single or multi-family office?
Hersz Capital operates as a single-family office for the Hersz family. It does not manage capital for outside families or institutional clients. The firm's structure is tied directly to the wealth generated by Josh Hersz's role at Zendesk.
What investment stages does Hersz Capital typically target?
The firm targets a multi-asset mandate, including venture capital, private equity, real estate, and credit. It makes both direct investments and commitments to external fund managers, covering early-stage through later-stage private companies, as well as real estate assets and credit opportunities.
Where does the underlying wealth of Hersz Capital come from?
The wealth originates from Josh Hersz's role as an early executive at Zendesk, the customer service software company. Zendesk went public on the New York Stock Exchange in 2014 and was taken private in 2022 by a consortium led by Hellman & Friedman and Permira.
How does Hersz Capital source proprietary deal flow?
The firm sources deals through its network of fund manager relationships and co-investment opportunities. It does not publicly disclose specific sourcing channels or maintain a proprietary deal origination team.
Does Hersz Capital participate in fund commitments or only direct deals?
Hersz Capital participates in both fund commitments and direct deals. It commits capital to venture capital and private equity funds, and also makes co-investments alongside those fund managers in specific portfolio companies. Exact allocation between the two strategies is not disclosed.
Which sectors does Hersz Capital explicitly avoid?
The firm does not publicly disclose any sectors it explicitly avoids. However, based on its known investment activity, it has no public exposure to cryptocurrency, cannabis, or tobacco. Its disclosed focus is on enterprise software, AI, fintech, digital health, climate tech, real estate, and credit.
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