# InState Capital

InState Capital is an Asset Manager based in Menlo Park, United States.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** Menlo Park, United States
- **Region:** North America
- **Address:** Menlo Park, CA, United States
- **Founded:** 2012
- **Assets under management:** Undisclosed
- **Website:** instatecapital.com
- **LinkedIn:** https://www.linkedin.com/company/instate-partners

## Regulatory record

- **Reports private funds:** No

## About

InState Capital maintains offices in Menlo Park, California; Manchester, UK; Tallinn, Estonia; Costa Mesa and San Francisco, California; and Boston, Massachusetts — a multi-continental footprint that distinguishes it from most managers of similar profile. The firm operates across a range of strategies including private equity, private credit, venture capital, and real assets, sourcing deals both directly and through fund partnerships. The firm targets direct investments, co-investments, and fund commitments across North America, Europe, and the Baltics. Publicly disclosed portfolio activity is limited; the firm does not regularly publicize specific holdings or deal leads. Team size and total deployment remain undisclosed, and the firm lacks a detailed leadership page on its website. No recent operational events (e.g., fund closings, key hires, or exits) from the last 24 months are publicly recorded. The firm's LinkedIn presence is also absent, limiting externally verifiable information. The structural differentiator for InState is its unusual office network — seven locations across three continents for a firm with no publicly named principals or AUM. Without more transparency, the firm functions as a cross-border capital allocator with a low public profile.

## Offices

- Manchester, United Kingdom
- Tallinn, Estonia
- Costa Mesa, CA, United States
- San Francisco, CA, United States
- Boston, MA, United States

## Questions

### What is InState Capital's investment strategy?

InState Capital operates across multiple strategies including private equity, private credit, venture capital, and real assets. The firm makes direct investments, co-investments, and fund commitments across North America, Europe, and the Baltics. Its exact allocation tilt is not publicly disclosed.

### Where are InState Capital's offices located?

The firm has offices in Menlo Park, California; Manchester, United Kingdom; Tallinn, Estonia; Costa Mesa, California; San Francisco, California; and Boston, Massachusetts. This geographic spread is notable for a firm its size.

### Does InState Capital invest directly or through funds?

InState Capital uses both direct investments and fund commitments, as well as co-investments. The firm's website describes a multi-strategy approach across private markets.

### What sectors does InState Capital target?

Public information does not list specific sector exclusions. The firm's multi-strategy approach covers private equity, credit, venture, and real assets, without detailed sector disclosure.

### Who leads investment decisions at InState Capital?

No information about the firm's executives or investment committee members is publicly available. The firm's website and other sources do not list named principals or investment professionals.

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Last updated: 2026-08-11T02:43:31.692Z

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