# Liberty Strategic Capital

Liberty Strategic Capital is a Private Equity based in Washington, United States.

## Overview

- **Organization type:** Private Equity
- **Headquarters:** Washington, United States
- **Region:** North America
- **Address:** Washington, DC, United States
- **Founded:** 2021
- **Assets under management:** Undisclosed
- **Website:** libertycapitallp.com
- **LinkedIn:** https://www.linkedin.com/company/liberty-strategic-capital

## Regulatory record

- **CRD number:** 314378
- **SEC file number:** 801-121645
- **Registration status:** Registered
- **Reports private funds:** Yes
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/314378

## About

Liberty Strategic Capital is an SEC-registered investment adviser in WASHINGTON, DC, registered since 2021. The firm manages approximately $3.5 billion in regulatory assets. It has 18 employees and 11 investment advisers.

## Sectors

- Enterprise Software
- Cybersecurity
- Financial Services
- Media & Entertainment
- AI/ML

## People

- Steven Mnuchin — Founder & Managing Partner

## Questions

### How does Liberty Strategic Capital source proprietary deal flow?

Liberty's sourcing model relies on Mnuchin's network across government, Wall Street, and corporate boardrooms. The firm targets situations where policy or regulatory complexity deters conventional bidders — banks under consent orders, technology companies facing CFIUS review, or media assets requiring FCC approval. This Washington-anchored origination channel is difficult for other PE firms to replicate given Mnuchin's unique career arc.

### What investment stages and check sizes does Liberty typically target?

Liberty pursues control and significant minority positions with equity checks of $100 million to $500 million. The firm targets mature, later-stage companies rather than venture-stage startups — as demonstrated by its investments in NYCB (a $1 billion-plus rescue in 2024) and Lionsgate's established studio operations. Liberty does not participate in seed or early-stage venture rounds.

### How is Liberty Strategic Capital related to Mnuchin's prior firm, Dune Capital Management?

Dune Capital Management was Mnuchin's pre-Treasury investment firm, founded in 2004 after his Goldman Sachs career. Liberty Strategic Capital is a separate entity launched after Mnuchin left government in 2021. Dune wound down its investment activities during Mnuchin's Treasury tenure, and Liberty represents a clean-sheet fund focused on a different opportunity set than Dune's mortgage and real estate concentration.

### Does Liberty Strategic Capital disclose its limited partners?

No. Liberty does not publicly name its limited partners. Press reports indicate commitments from sovereign wealth funds in the Middle East, including Saudi Arabia's Public Investment Fund (per The New York Times, 2021), as well as US pensions and family offices, but the firm itself has not confirmed its LP base.

## Related profiles

- [Liberty Search Ventures](https://altss.com/profile/liberty-search-ventures)
- [Libya Holdings](https://altss.com/profile/libya-holdings)

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Last updated: 2026-06-03T20:00:00.000Z

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