Updated:
Kingstown Capital
Michael B. Blitzer founded Kingstown Capital in 2005 as a single-family office based in New York.
Kingstown Capital
Michael B. Blitzer founded Kingstown Capital in 2005 as a single-family office based in New York. The firm's wealth origin has not been formally disclosed, and Kingstown Capital does not maintain a public website or detailed marketing materials, limiting transparency into its founding narrative. Kingstown Capital invests in real estate, infrastructure, and private equity, with an emphasis on direct equity and debt positions. The firm has been involved in structured credit and preferred equity transactions. Known investments include a 2016 partnership with the developer of a mixed-use project in New York (per public records, 2016) and a 2018 debt investment in an energy transportation project. Geographic focus is primarily North America, with occasional European co-investments. Kingstown Capital operates with a small team — Blitzer and a partner are publicly named. The firm has no disclosed additional offices beyond New York. No philanthropic vehicles or external fund structures have been identified in public filings. In 2023, the firm refinanced a portfolio of industrial properties in the Midwest, extending its real estate credit exposure (per property records, 2023). Kingstown Capital's structural differentiator is its low-publicity posture and direct-deal orientation. The firm avoids fund vehicles entirely, instead originating individual transactions alongside select co-investors or through direct bilateral arrangements. This model reduces operational overhead and allows for bespoke deal structuring.
General information
Firm type
Single Family Office
Year founded
2005
AUM
Undisclosed
Location
Region
North America
Country
United States
City
New York
Corporate office
New York, NY, United States
Principals
Michael B. Blitzer
Founder & Managing Director
Brian J. Higgins
Partner & General Counsel
Sector focus
Frequently asked questions
Who runs investment decisions at Kingstown Capital?
Michael B. Blitzer serves as Founder and Managing Director, leading all investment decisions. Brian J. Higgins is Partner and General Counsel. The firm maintains a lean investment team without a publicly disclosed CIO.
How does Kingstown Capital source deal flow?
The firm sources proprietary deal flow through direct relationships with developers and operators in the real estate and infrastructure sectors. Kingstown Capital originates transactions bilaterally or alongside a small network of co-investors, rather than through intermediary channels.
Does Kingstown Capital participate in fund commitments or only direct deals?
Kingstown Capital is a direct investor — it commits capital only to individual transactions, not to external fund vehicles. The firm structures each deal as a standalone equity or debt position, avoiding the fund model entirely.
What investment stages does Kingstown Capital typically target?
Kingstown Capital targets value-add and opportunistic real estate investments, as well as infrastructure development and project financing. The firm invests across the capital stack, including senior debt, mezzanine, and preferred equity.
Which sectors does Kingstown Capital explicitly avoid?
Kingstown Capital does not invest in hedge funds, public equities, venture capital, or private credit funds. The firm also avoids operating-company buyouts outside of the real estate and infrastructure verticals.
Where does the underlying wealth come from?
The origin of the wealth that established Kingstown Capital has not been formally disclosed. Michael B. Blitzer's background includes proprietary trading at investment banks, but a specific fortune source is not public.
Is Kingstown Capital structured as a single family office or does it operate more like a venture firm?
Kingstown Capital is a single-family office — it manages the assets of one family and does not accept external capital. Its operations are typical of a private investment firm, but it is not a multi-family office or a fund manager.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
Need institutional-grade insight on family offices?
Altss delivers:
Prefer a guided tour?
We’ll walk you through: