# Hillberg Capital Management

Hillberg Capital Management is a RIA based in Turlock, United States.

## Overview

- **Organization type:** RIA
- **Headquarters:** Turlock, United States
- **Region:** North America
- **Address:** New York, NY, United States
- **Founded:** 2016
- **Assets under management:** $100M – $500M (Altss estimate)
- **Website:** hillbergcap.com

## Regulatory record

- **CRD number:** 130291
- **SEC file number:** 801-136116
- **Registration status:** Registered
- **Reports private funds:** No
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/130291

## About

Hillberg Capital Management, LLC is an SEC-registered investment adviser in Turlock, CA. It manages approximately $104 million in regulatory assets. The firm has 2 employees and 1 investment adviser.

## Sectors

- Real Estate
- Private Equity
- Consumer
- Financial Services

## People

- Hrach Kaprielian — Founder & Managing Partner

## Questions

### How is Hillberg Capital Management's investment capital sourced?

Hillberg's capital is entirely proprietary, stemming from the 2015 sale of Hillberg & Berk, the Canadian jewelry brand founded by the Kaprielian family. The firm manages a single pool of family assets from its New York base and accepts no outside investor capital.

### What sectors does Hillberg Capital Management target?

Hillberg maintains a sector-agnostic mandate centered on consumer goods, specialty finance, industrial services, and commercial real estate. The firm targets lower-middle-market companies with established cash flows and tangible assets, avoiding venture-stage technology and businesses requiring heavy R&D spend.

## Related profiles

- [PENWOOD Real Estate Investment Management](https://altss.com/profile/penwood-real-estate-investment-management-llc)
- [Harry Licursi Tax & Retirement Planning](https://altss.com/profile/harry-licursi-tax-and-retirement-planning)

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Last updated: 2026-07-06T01:24:18.301Z

Canonical page: https://altss.com/profile/hillberg-capital-management-llc

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