Updated:
Matrix Private Capital Group
Matrix Private Capital Group was established in 2016 by Richard S. Fuld Jr. together with Matthew Rubin and Justin Gaines, both previously at Neuberger Berman.
Matrix Private Capital Group
Matrix Private Capital Group was established in 2016 by Richard S. Fuld Jr. together with Matthew Rubin and Justin Gaines, both previously at Neuberger Berman. The firm serves high-net-worth individuals, family offices, and institutions from its New York headquarters. The firm allocates across private equity, hedge funds, digital assets, and direct co-investments. It targets growth-stage opportunities in enterprise software, Web3, and climate technology. Confirmed positions include growth equity co-investments executed in 2023. Geographic reach centers on North America with additional activity in select international markets through fund commitments. The firm maintains 495 million dollars under management according to internal estimates. It operates a second office in Chicago and added Seth Scher as CFO and CCO in 2024. Adjacent vehicles include the Fuld Family Foundation and Matrix RE Brokerage, a commercial real estate unit based in New York. Matrix Private Capital Group maintains a privately owned partnership structure that separates its advisory business from client capital. This setup allows the firm to offer both strategic advice to portfolio company management teams and independent investment access without external fund sponsor obligations.
General information
Firm type
Multi Family Office
Year founded
2016
Location
Region
North America
Country
United States
City
Port Louis
Corporate office
400 Park Avenue, 6th Floor, New York, NY 10022, United States
Additional offices
Chicago, IL, United States
Principals
Richard S. Fuld Jr.
Chairman and CEO
Seth Scher
CFO and CCO
Altss tracks 2 additional named team members for this firm — including direct investment leads, IR, and operating principals not listed on the public website.
Book a demoSector focus
Frequently asked questions
Who runs investment decisions at Matrix Private Capital Group?
Richard S. Fuld Jr. sets overall strategy as Chairman and CEO. Matthew Rubin and Justin Gaines serve as senior partners with direct input on alternative investments.
Does Matrix Private Capital Group participate in fund commitments or only direct deals?
The firm executes both fund commitments and direct co-investments through SPVs. It also allocates to hedge funds and digital assets.
Where does the underlying wealth come from?
The firm does not disclose specific family wealth sources. Its clients include high-net-worth individuals and institutions referred through the founders' prior networks at Lehman Brothers and Neuberger Berman.
What investment stages does Matrix Private Capital Group typically target?
The firm focuses on growth equity and later-stage opportunities. It does not publish minimum check sizes or explicit stage limits.
How is Matrix Private Capital Group related to Neuberger Berman?
Matthew Rubin and Justin Gaines previously worked at Neuberger Berman. The relationship remains an alumni network rather than an ongoing business affiliation.
Does Matrix Private Capital Group maintain philanthropic structures?
The Fuld Family Foundation operates separately from the investment platform. The firm also offers philanthropic advisory services to clients.
What is Matrix Private Capital Group's known posture on co-investments alongside external GPs?
The firm pursues direct co-investments and SPVs alongside external managers. It does not publish specific co-investment ratios or GP relationships.
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: