HG Wealth Partners

Herbert G. Adelman, the firm's founder and sole principal, makes all material investment decisions. The firm does not maintain an investment committee structure or delegate authority to external managers without direct oversight. Adelman's operational background at Del Global Technologies informs a credit-heavy underwriting approach that emphasizes asset coverage and contractual cash flows.

The wealth originates from the sale of Del Global Technologies Corp., a manufacturer of medical imaging and power conversion equipment where Adelman served as CEO and a major shareholder. The company was publicly traded on the NYSE before being taken private, generating the liquidity that seeded the family office.

No. HG Wealth Partners is structured strictly as a single-family office and does not accept outside limited partners, manage third-party mandates, or operate as a multi-family office. All investment activity is conducted solely for the Adelman family balance sheet.

The firm concentrates on private credit origination — including bridge loans and mezzanine debt for middle-market companies — and income-producing real estate. Sector adjacency is weighted toward industrial technology and healthcare services, reflecting the principal's domain expertise from Del Global Technologies.

Deal flow is primarily relationship-driven, sourced through Adelman's direct network of Chicago-based real estate sponsors, commercial lenders, and middle-market intermediaries. The firm does not operate a visible proprietary origination platform or participate in competitive auction processes where institutional scale is a prerequisite.

No named philanthropic foundation is publicly associated with Herbert Adelman or HG Wealth Partners. Charitable giving, if any, is conducted privately and is not structured through a separate operating entity visible in public records.

HG Wealth Partners participates in club-style real estate debt funds alongside other Chicago-based sponsors, indicating a pragmatic willingness to co-invest when the structure aligns with its preservation mandate. It does not operate a formal co-investment club or syndication vehicle of its own.