Asset Manager

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Markstone Capital Group

MARKSTONE CAPITAL GROUP HAS OPERATED at the Israel-US corridor since its 2004 founding by Elliott Broidy, the former Los Angeles-based venture and private...

Markstone Capital Group

MARKSTONE CAPITAL GROUP HAS OPERATED at the Israel-US corridor since its 2004 founding by Elliott Broidy, the former Los Angeles-based venture and private equity investor, and Amir Kess, an Israeli operator and investment professional. The firm was established to bridge what the founders identified as a persistent gap: deep operational and strategic expertise for Israeli companies targeting North American commercialization, coupled with institutional-grade capital. Broidy's background includes founding Broidy Capital Management and serving as finance chairman of the Republican National Committee. Kess brings operating experience from Israeli technology and real estate sectors. The firm invests primarily from Markstone Capital Partners, a closed-end private equity vehicle. Markstone targets equity investments of $10 million to $50 million in growth-stage companies across Israel's technology, industrial, and services sectors. The strategy emphasizes majority or significant minority stakes that give the firm board influence and operational partnership. Sector exposure has historically spanned enterprise software, cybersecurity, industrial automation, healthcare equipment, and precision agriculture. Portfolio companies have included names in the Israeli defense technology and water-treatment sectors, leveraging Israel's national security R&D spillover. Markstone sources deals through the personal networks of its co-founders and a dedicated Tel Aviv office, which provides on-the-ground diligence and portfolio monitoring. As a mid-market private equity firm with a single geographic concentration, Markstone does not publicly disclose assets under management. The team operates from dual headquarters in New York and Tel Aviv, maintaining a lean professional staff typical of relationship-driven cross-border funds. In 2007, the firm closed its debut institutional fund, which drew commitments from North American university endowments, pension funds, and family offices. Markstone does not maintain a venture capital vehicle, a public-equities book, or a philanthropic foundation directly tied to the GP. The Tel Aviv office remains the operational center of gravity for deal origination and post-investment value creation, while the New York presence manages investor relations and facilitates portfolio-company entry into US commercial, regulatory, and capital markets. The structural differentiator of Markstone is its bilateral geography play, which is deeper than a typical fund's fly-in approach. The firm operates with full-time investment professionals on the ground in Israel, making it a native-level participant in that ecosystem while retaining US institutional LP relationships and exit pathways. This architecture avoids the common pattern of US funds parachuting into Israel solely for deal sourcing or Israeli managers lacking direct access to US growth-capital networks. Markstone's model is a dedicated conduit: decades of bilateral trust-building between its New York GP and Tel Aviv team makes the firm a default partner for Israeli companies that have outgrown local venture capital but are not yet ready for a direct US listing or sponsor sale.

General information

Firm type

Asset Manager

Year founded

2004

AUM

Undisclosed

Location

Region

North America

Country

United States

City

New York

Corporate office

New York, NY, United States

Additional offices

Tel Aviv, Israel

Principals

Elliott Broidy

Co-Founder and Chairman

Amir Kess

Co-Founder and Managing Partner

Sector focus

Industrial TechEnterprise SoftwareHealthcare ServicesCybersecurityAgriTech & FoodTech

Frequently asked questions

Who makes investment decisions at Markstone Capital Group?

Co-founders Elliott Broidy and Amir Kess share ultimate investment authority. Broidy operates from the New York office and manages limited-partner relationships and US market-entry support for portfolio companies. Kess leads the Tel Aviv office, overseeing deal origination, due diligence, and post-investment governance. The concentrated nature of the portfolio means the firm does not delegate final approval to an independent investment committee; Broidy and Kess make decisions jointly.

What is Markstone's typical investment size and structure?

The firm writes equity checks between $10 million and $50 million, targeting growth-stage companies with existing revenue. Markstone favors control or significant minority stakes that include board representation. The firm does not operate as a venture capital investor making small, passive seed or Series A bets. Its single fund structure, Markstone Capital Partners, concentrates capital into a limited number of portfolio companies rather than building a broad index.

What sectors does Markstone Capital Group target?

Markstone invests in Israeli technology and industrial companies with US market potential. Core sectors have included enterprise software, cybersecurity, industrial automation, precision agriculture, and healthcare equipment. The firm has shown particular interest in companies with dual-use applications where Israeli defense-technology R&D creates commercial products. The team avoids consumer internet and real estate development.

How does Markstone source its deals?

Deal flow originates primarily through the Tel Aviv office, where Amir Kess and the investment team maintain long-standing networks in Israel's tech and industrial ecosystems. The firm does not rely on investment-bank-led auctions or broad marketing processes. Its structure as a binational operator gives it access to founder-led businesses that prefer a single, trusted cross-border partner over a competitive auction. Markstone's New York presence gives it visibility into US strategic buyers that may become portfolio-company acquirers.

Does Markstone operate as a single family office or a committed fund manager?

Markstone is a committed fund manager, not a single family office. The firm raised its debut institutional fund from North American limited partners including endowments, pension funds, and family offices. Elliott Broidy's personal family office, Broidy Capital Management, is a separate entity. Markstone Capital Group is structured as a general partnership managing blind-pool private equity capital.

Is Markstone Capital Group still actively deploying from its original fund?

Markstone closed its debut fund in 2007. Public disclosures suggest the firm has since operated on a deal-by-deal or continuation-vehicle basis rather than raising subsequent blind-pool funds of comparable scale. Asset-management activity in the 2010s and beyond has not been accompanied by publicly announced fund closes. Inquirers should verify current discretionary capital levels directly with the firm.

Does Markstone co-invest alongside other institutional investors?

The firm's mid-market strategy typically involves control or lead-investor positions, but Markstone has syndicated deals with co-investors where transaction size or sector expertise warranted. Co-investors have included US family offices and specialist industrial investors. Markstone does not operate an open co-investment platform or club-deal model.

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