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Kramer Investment Advisors
Kramer Investment Advisors, a San Francisco RIA founded in 1996, allocates capital for wealthy families into private credit, real estate, and...
Kramer Investment Advisors
Kramer Investment Advisors was founded in 1996 by Michael Kramer in San Francisco. The firm was structured from the start as an RIA serving a small number of high-net-worth families, not the general public. Wealth origin of the founding families is not publicly disclosed. The firm's investment strategy centers on illiquid and alternative assets. Confirmed exposures include private credit, where it participates in direct lending and CLOs; direct real estate investments in multi-family and office properties across the US; and infrastructure assets such as energy and transport projects. It also maintains a material allocation to multi-manager hedge fund portfolios. The firm targets direct deals and club co-investments alongside smaller operators, not large fund commitments. Geographic footprint is US-centric, with some real estate holdings in Canada (per public record, 2021). The firm does not disclose AUM or the number of professionals. It operates from a single office in San Francisco. No known philanthropic foundation or separate operating company is associated with the firm. In 2023, Kramer Investment Advisors increased its private credit allocation, as reported in a trade journal (per WealthManagement.com, December 2023). The structural differentiator for Kramer Investment Advisors is its focus on serving a single network of families, not building a multi-family platform. The firm operates as a boutique RIA with no institutional fund or product, relying on direct deal relationships. It does not appear in any database of single-family offices, maintaining a deliberately low profile.
General information
Firm type
Multi Family Office
Year founded
1996
AUM
$500M–$1B (Altss estimate)
Location
Region
North America
Country
United States
City
San Francisco
Corporate office
San Francisco, CA, United States
Principals
Michael Kramer
CEO & Chairman
Sector focus
Frequently asked questions
Who runs investment decisions at Kramer Investment Advisors?
Michael Kramer, the CEO and Chairman, has led investment decisions since founding the firm in 1996. He is the named principal in public records. The firm does not disclose a broader investment committee or CIO role.
How does Kramer Investment Advisors source proprietary deal flow?
The firm relies on direct relationships built with middle-market lenders, real estate sponsors, and infrastructure operators. It participates in club deals and co-investments rather than buying into commingled funds. This sourcing model matches the profile of a lean family office.
Does Kramer Investment Advisors commit to external funds or only direct deals?
The firm does both. It maintains a multi-manager hedge fund portfolio, which is a fund-of-funds allocation. For private credit, real estate, and infrastructure, it prefers direct or co-investment positions. The hedge fund portfolio is the one institutional fund exposure.
What investment stages does Kramer Investment Advisors typically target?
The firm does not focus on venture-stage or early growth. Its private credit deployment targets cash-flowing middle-market companies and real estate. Infrastructure investments are operational assets, not greenfield construction. Hedge fund exposure is mostly to large multi-strategy managers.
Is the underlying wealth of Kramer Investment Advisors' clients disclosed?
No. The firm does not publicly identify any of the families it serves. Wealth origin for the firm itself is also not published. This privacy is consistent with a multi-family office model serving a small number of clients.
Does Kramer Investment Advisors maintain philanthropic structures?
There is no public record of a separate foundation or donor-advised fund program operated by the firm. Any charitable activity by individual client families is conducted independently.
What sectors does Kramer Investment Advisors explicitly avoid?
The firm does not invest in venture capital, early-stage technology, or cryptocurrencies. Its healthcare exposure is limited to healthcare real estate, not biotech or medical devices. No public statement exists on ESG or impact exclusions.
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.
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