Updated:
HFZ Capital Group
HFZ Capital Group is a New York-based real estate investment firm founded in 2005 by Ziv Tal and Ben Fishman, with over $14 billion in project value.
HFZ Capital Group
HFZ Capital Group is a Manhattan-based real estate investment and development company founded in 2005. The firm has made one investment. It participated in Obligo's Seed VC round on June 1, 2018.
General information
Firm type
Real Estate Investment Manager
Year founded
2005
AUM
$5B – $10B in total project value (Altss estimate)
Location
Region
Europe
Country
United States
City
New York
Corporate office
New York, NY, United States
Additional offices
London, United Kingdom · Tel Aviv, Israel
Principals
Ziv Tal
Founding Principal
Ben Fishman
Co-Founder & Senior Managing Director
Sector focus
Frequently asked questions
Who runs investment decisions at HFZ Capital Group?
Founding principals Ziv Tal and Ben Fishman run investment decisions. Tal oversees day-to-day operations and deal sourcing, while Fishman focuses on finance and capital markets. They are supported by a lean team of senior managing directors, though the firm's leadership is highly centralized.
How does HFZ capital group source proprietary deal flow?
HFZ sources deals through direct relationships with landowners, brokers, and former partners, particularly within the Israeli diaspora in New York. The firm's London and Tel Aviv offices help attract international capital and identify off-market opportunities. Its reputation for executing complex, landmark projects also draws unsolicited proposals.
Is HFZ Capital Group structured as a single family office or a development firm?
HFZ operates as a real estate development and investment management firm, not a family office. It raises capital from institutional investors, family offices, and high-net-worth individuals for specific projects or joint ventures. While principals are wealthy, the firm deploys partner capital, not a single family's balance sheet.
What investment stages does HFZ typically target?
HFZ targets ground-up development and large-scale repositioning — investing from land acquisition through construction and lease-up. It also makes opportunistic equity investments in distress situations. The firm does not typically do stabilized asset purchases or fund-level commitments; each deal is structured as a project-specific SPV.
Which sectors does HFZ explicitly avoid?
HFZ does not publicly disclose a list of avoided sectors. However, its track record is concentrated in luxury residential, mixed-use, and hospitality in New York City. There is no evidence of material investment in industrial, life sciences, or value-add office outside its home market.
How is HFZ Capital Group related to other firms or entities?
HFZ has no publicly known parent or sibling entity. It operates independently. The firm's project-specific LLCs and partnerships are typical for large developments, but the overall structure remains private and opaque. There are no disclosed links to foundations or operating businesses outside real estate.
Where does the underlying wealth come from for HFZ's principals?
The wealth of Ziv Tal and Ben Fishman originates from early success in Israeli real estate and finance before founding HFZ in 2005. Tal had experience in development and construction; Fishman in finance and capital markets. The specific family or personal wealth is not publicly quantified.
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.
Need institutional-grade insight on real estate investors?
Altss delivers:
Prefer a guided tour?
We’ll walk you through: