# Island Capital

Island Capital is a Private Equity based in New York, United States.

## Overview

- **Organization type:** Private Equity
- **Headquarters:** New York, United States
- **Region:** North America
- **Address:** 717 Fifth Avenue, New York, NY 10022, United States
- **Founded:** 2003
- **Assets under management:** $4.2B (per the firm)
- **Website:** islandcapital.com

## Regulatory record

- **CRD number:** 308097
- **SEC file number:** 801-119148
- **Registration status:** Registered
- **Reports private funds:** Yes
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/308097

## About

Island Capital is a comprehensive real estate investment platform that provides opportunity in distressed market conditions. For over 35 years it has been a pioneer in distressed real estate and real estate securities investing. Senior leadership has been together for decades and the firm has transacted in over $250 billion of distressed commercial real estate assets.

## Sectors

- Real Estate
- Hospitality
- Private Credit

## Offices

- Irving, TX
- Greenville, SC
- Nashville, TN

## People

- Andrew Farkas — Chairman & CEO
- Paul Hughson — Executive Managing Director & Chief Investment Officer
- Jeffrey Cohen — President
- Geoffrey H. Woodward — Executive Managing Director & Chief Operating Officer

## Questions

### Who runs investment decisions at Island Investment Management?

Paul Hughson serves as Executive Managing Director and Chief Investment Officer, and leads acquisitions alongside a senior team that includes Jon Schneidman, Head of Acquisitions. Andrew Farkas, as Chairman and CEO, retains ultimate strategic authority over large commitments and fund-level allocation decisions.

### How does Island source its proprietary deal flow?

Island sources deal flow through its affiliated special servicing business, C-III Capital Partners, which resolves defaulted commercial real estate loans. This integration gives the firm early visibility into distressed note sales and borrower negotiations, often before assets reach a broad marketing process.

### What does Island's fund structure look like?

Island raises discretionary closed-end funds under its Recovery Fund series, such as Island NYC Recovery Fund I and Island Recovery Fund IV, targeting hospitality, multifamily, and office dislocations. The firm also manages separate investment vehicles across its broader Island Capital Group platform.

### What investment stages does Island typically target?

Island targets distressed and special situations commercial real estate, acquiring both performing and non-performing loan portfolios as well as direct property acquisitions in need of operational turnaround or capital restructuring. The firm does not invest in ground-up development as a primary strategy.

### How is Island Investment Management related to NAI Global?

NAI Global is a commercial real estate services and brokerage network owned by Island Capital Group. Alexander Waddey serves as its President and CEO, operating the business as a distinct adjacency to Island’s principal investment platform.

## Related profiles

- [Valley Capital Management](https://altss.com/profile/valley-capital-management)
- [Scaleup Latam](https://altss.com/profile/scaleup-latam)

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Last updated: 2026-08-11T15:07:05.535Z

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