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ONE68 Global Capital
ONE68 Global Capital was formed in 2019 by Joseph T. Duran, who previously founded and led United Capital Financial Advisers.
ONE68 Global Capital
ONE68 Global Capital was formed in 2019 by Joseph T. Duran, who previously founded and led United Capital Financial Advisers. Duran built United Capital into a national RIA consolidator with roughly $25 billion in assets before selling it to Goldman Sachs for $750 million in 2019 (per Bloomberg, 2019). ONE68 invests personal and partner capital — not outside LP commitments — across a portfolio that blends operating-company incubation with strategic private investments. The firm pursues acquisitions and investments in wealth management, financial technology, and related services. Its strategy spans direct company acquisitions, minority growth investments, and real estate. Confirmed investments include Rise Growth Partners, a platform providing capital and operational support to independent wealth managers, and a stake in the Dallas-based software firm CircleBlack. The firm operates primarily in the US, with a particular concentration in the Texas and California wealth-management markets. A lean operation by design, ONE68 runs a small team under Duran's direct leadership, with no disclosed institutional headcount. In April 2024, the firm announced a capital commitment to Rise Growth Partners to fuel acquisitions in the RIA space (per the firm, April 2024). Duran also serves as an independent director on multiple boards and was named to the board of Edelman Financial Engines in 2022. ONE68 differs structurally from standard family offices: rather than a passive store of wealth, it functions as an active holding company and incubator, recycling capital from Duran's Goldman exit into the industry he previously transformed. There is no external fundraising arm — all deployment comes from permanent capital, giving the firm an indefinite hold period on its bets.
General information
Firm type
Asset Manager
Year founded
2019
AUM
Undisclosed
Location
Region
North America
Country
United States
City
Frisco
Corporate office
Frisco, TX, United States
Principals
Joseph T. Duran
CEO & Chairman
Sector focus
Frequently asked questions
Who runs investment decisions at ONE68 Global Capital?
CEO and Chairman Joseph T. Duran makes all major investment and acquisition decisions. Duran brings operator experience from founding United Capital, which he grew into a $25 billion platform before selling to Goldman Sachs (per Bloomberg, 2019). No other named investment committee or partners are publicly disclosed.
Is ONE68 Global Capital a single family office?
ONE68 is not structured as a traditional single-family office, despite managing Duran's personal capital. It operates as an asset-management and holding-company hybrid. The firm invests permanent capital rather than outside LP commitments, but maintains an institutional posture targeting acquisitions, minority investments, and incubations in financial services.
What is ONE68's relationship to Goldman Sachs?
There is no structural relationship. Goldman Sachs acquired United Capital — founded by Joseph Duran — in 2019 for $750 million (per Goldman Sachs, 2019). ONE68 was subsequently launched by Duran with proceeds from that sale, but operates independently with no Goldman affiliation.
Does ONE68 invest in venture-stage companies?
ONE68 invests across growth equity, buyouts, and incubation — it does not fit neatly into a traditional venture capital framework. The firm targets wealth-management and fintech companies with established revenue. Known portfolio company CircleBlack, a software firm serving advisors, had existing market traction at the time of investment.
Which sectors does ONE68 explicitly avoid?
No explicit avoidance is disclosed, but the firm's investments cluster tightly around wealth management, financial technology, and related enterprise services. There is no public record of ONE68 investing in biotech, hardware, or consumer goods — the portfolio appears purpose-built around the RIA and advisor-tech ecosystem Duran knows from his United Capital tenure.
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