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Matters Capital
Matters Capital is the single-family office of Michael Matters, deploying capital into real estate, private credit, and infrastructure since 2015.
Matters Capital
Matters Capital was founded in 2015 by Michael Matters, whose family built a controlling stake in a US industrial manufacturing conglomerate over several decades. The office operates as a single-family vehicle, managing the Matters family's wealth independently, with governance that separates its direct-investment portfolio from income-generating assets held through the operating company. The firm targets control-oriented direct investments across real estate (multifamily, industrial, and self-storage in US Sun Belt markets), private credit (senior secured loans to middle-market companies with $10-50 million EBITDA), and infrastructure (renewable energy generation and transportation assets with long-term contracted cash flows). Geographically, the portfolio is weighted to the United States, with opportunistic exposure in Western Europe, primarily Germany and the Benelux region. Co-investment partnerships include relationships with middle-market private equity firms such as Ares Management and CIM Group, where Matters Capital has participated as a limited partner and direct co-investor (per PitchBook, 2023). Total deployment is not publicly disclosed; Altss estimates the office manages between $200-500 million in investable assets. The investment team consists of fewer than 10 professionals, including Managing Director David Matters, who oversees the credit portfolio. No additional offices or philanthropic foundations are publicly linked to the firm. The firm's structural differentiator is its hybrid approach: it acts as a direct private investor with control stakes while also maintaining a permanent capital base from the family operating company, reducing pressure to liquidate holdings on fixed timeframes. This allows Matters Capital to hold assets through market cycles without forced exits.
General information
Firm type
Single Family Office
Year founded
2015
AUM
$200-500 million (Altss estimate)
Location
Region
North America
Country
United States
City
New York
Corporate office
New York, NY, United States
Principals
Michael Matters
Founder & CEO
David Matters
Managing Director
Sector focus
Frequently asked questions
Who runs investment decisions at Matters Capital?
Michael Matters serves as Founder and CEO, setting overall strategy. Managing Director David Matters leads the private credit portfolio. The family retains final approval on all direct investments exceeding $10 million, per the firm's governance documents.
How does Matters Capital source proprietary deal flow?
The office sources directly through relationships with middle-market investment banks and regional sponsors, as well as through a co-investment network that includes Ares Management and CIM Group. The firm also receives proprietary deal flow from the operating company's supply chain.
Is Matters Capital structured as a single family office or does it operate like a venture firm?
It operates as a single-family office with a permanent capital base derived from the Matters family's industrial manufacturing holdings. Unlike a venture firm, it does not raise external capital and focuses on control-oriented and credit investments rather than early-stage equity.
Does Matters Capital participate in fund commitments or only direct deals?
The firm uses both approaches. It has made limited partner commitments to middle-market private equity funds including those managed by Ares Management, while also executing direct investments in real estate and private credit where it takes control or senior secured positions.
What investment stages does Matters Capital typically target?
The office targets middle-market companies with EBITDA between $10-50 million, and real estate assets of $5-50 million. It will make control-equity investments, minority growth equity, and senior secured loans, but avoids early-stage venture and public securities.
Which sectors does Matters Capital explicitly avoid?
The firm avoids early-stage technology, biotech, and venture capital. It also excludes direct investments in emerging markets outside Western Europe and the US, per its investment policy.
Where does the underlying wealth come from?
The wealth originates from the Matters family's controlling stake in a US industrial manufacturing conglomerate founded by the previous generation. The family built the business over several decades before transferring a portion of equity to the family office in 2015.
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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