Kessef Capital Management

The firm manages capital for Larry Mizel, founder and executive chairman of MDC Holdings, the publicly traded homebuilder behind the Richmond American Homes brand. Mizel founded MDC in 1972 and grew it into a Fortune 500 company. He remains the controlling shareholder of MDC and directs the family office's investment strategy.

Kessef invests across three primary verticals: direct real estate, private credit, and private equity. The real estate book includes both commercial and residential assets. The private equity strategy targets middle-market operating companies where the firm's patient, permanent-capital approach provides a structural advantage. Its credit activity centers on lending to real estate operators and developers.

No. Kessef operates exclusively as a single-family office for the Mizel family. It does not manage third-party funds, accept outside limited partners, or operate as a registered investment advisor. All capital is proprietary, which allows the firm to structure investments without fund-life constraints.

Kessef is a separate legal entity from MDC Holdings and does not invest on behalf of the public company. However, the wealth that capitalizes Kessef was generated primarily through Larry Mizel's ownership stake in MDC, which he founded and controls. The family office may occasionally co-invest or transact in sectors adjacent to homebuilding.

Yes. The Mizel Institute and Mizel Museum, both based in Denver, Colorado, are separate non-profit entities founded by the Mizel family. They focus on education, community engagement, and interfaith dialogue. These organizations are legally distinct from Kessef Capital Management and do not commingle assets.