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Med Capital Management
Med Capital Management is the Elser family office led by Marco Elser, deploying European family capital into early-stage US and European technology...
Med Capital Management
Med Capital Management operates as the New York-based single-family office for the Elser family, with roots tracing back to prominent Italian industrial and real estate holdings. Founded by Marco Elser, the office formalized a pivot from managing legacy European assets to actively constructing a concentrated portfolio of early-stage technology investments. Managing Partner Adam Elser is involved in day-to-day investment operations, reflecting a multi-generational transition in the family's capital stewardship. The firm focuses on early-stage and growth-stage venture capital, primarily in enterprise software, fintech, and digital health. Med Capital Management invests directly and through select fund commitments, often syndicating alongside established US venture firms. Known portfolio positions include early bets on cybersecurity and AI/ML infrastructure companies, placing the office in deal flow alongside top-tier Sand Hill Road funds. Geographic emphasis spans North America and select European markets, particularly Italy and the UK, mirroring the family's transatlantic presence. Team scale and assets under management are not publicly disclosed, consistent with the office's low-profile operating style. The firm runs a lean structure out of New York, with no known additional offices. Philanthropic activities or adjacent operating businesses tied directly to the office have not been formally reported, though the family maintains a network of co-investment relationships built over two decades of venture investing. The structural differentiator lies in the office's ability to fuse European family-office patience with a US venture playbook—taking concentrated, conviction-led stakes without the fund-lifecycle pressure of a traditional LP. This hybrid posture allows Med Capital Management to hold positions through multiple funding rounds and liquidity events on timelines that suit the family's permanent capital base.
General information
Firm type
Single Family Office
Year founded
—
AUM
Undisclosed
Location
Region
North America
Country
United States
City
New York
Corporate office
New York, NY, United States
Principals
Marco Elser
Founder
Adam Elser
Managing Partner
Sector focus
Frequently asked questions
Who runs investment decisions at Med Capital Management?
Founder Marco Elser and Managing Partner Adam Elser lead investment decisions. Marco Elser established the office to manage the family's transition from legacy European holdings into technology venture capital. Adam Elser handles day-to-day sourcing and portfolio management from the New York office.
Where does the underlying wealth come from?
The family's wealth originates from the Elser family's long-standing industrial and real estate holdings in Italy. The office was created to diversify and redeploy that capital into technology investments, with a specific shift toward the US venture market over the last two decades.
What investment stages does Med Capital Management typically target?
Med Capital Management targets early-stage and growth-stage venture rounds. The firm writes initial checks at Series A and B, with the capacity to follow on through later rounds. The permanent capital structure eliminates pressure to exit on a fixed fund timetable, allowing for long holding periods.
Does Med Capital Management invest directly or through funds?
The office invests directly in companies and also makes select commitments to venture capital funds. This blended approach provides access to top-tier deal flow through fund relationships while maintaining the flexibility to lead or co-lead direct rounds when conviction is highest.
Which sectors does Med Capital Management focus on?
The firm concentrates on enterprise software, fintech, digital health, cybersecurity, and AI/ML infrastructure. Known investments align with deep technology themes, often backing companies with strong technical founders building category-defining products for business customers.
How does Med Capital Management source its deal flow?
Deal flow comes through long-standing relationships with US venture capital firms, founder networks, and co-investor syndicates. Adam Elser's active presence in New York and the family's transatlantic network give the office visibility into both US and European early-stage opportunities.
Is Med Capital Management a single-family office or does it manage outside capital?
Med Capital Management operates exclusively as a single-family office for the Elser family. There is no indication the firm accepts outside capital or operates as a multi-family office or registered investment advisor. The structure preserves full discretion over investment pace and portfolio construction.
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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