# Opal Advisors

Opal Advisors is a Multi Family Office based in Bellevue, United States.

## Overview

- **Organization type:** Multi Family Office
- **Headquarters:** Bellevue, United States
- **Region:** North America
- **Address:** New York, NY, United States
- **Assets under management:** Undisclosed
- **Website:** opaladvisors.com

## Regulatory record

- **CRD number:** 164014
- **SEC file number:** 801-132775
- **Registration status:** Registered
- **Reports private funds:** Yes
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/164014

## About

OPAL ADVISORS is an SEC-registered investment adviser in Bellevue, WA, registered since 2025. The firm manages $174 million in assets, with $166 million on a discretionary basis. It has 6 employees and 5 investment advisers.

## Sectors

- Private Credit
- Real Estate
- Infrastructure
- Secondaries & Special Situations
- Energy Transition & Renewables

## Questions

### Who runs investment decisions at Opal Advisors?

Opal Advisors is led by co-founders Gregory Fleming and Stephen Molo, along with a team of partners who previously held senior roles at Morgan Stanley, BlackRock, and AIG. Investment decisions are made by the partnership, which vets each deal through a committee process, according to public reports.

### How does Opal Advisors source proprietary deal flow?

The firm leverages its founders' and partners' relationships built at major financial institutions to source direct opportunities, often in private credit and infrastructure. It also participates in club deals with other family offices and institutional co-investors, as referenced in industry coverage.

### What investment stages does Opal typically target?

The firm targets opportunities across the capital structure, with a focus on credit and real assets. It is agnostic as to stage but tends toward later-stage, yield-oriented investments in private credit and infrastructure, as well as opportunistic real estate.

### How does Opal Advisors relate to Gregory Fleming and Stephen Molo's prior institutions?

Fleming and Molo were senior bankers at Morgan Stanley, where Fleming served as president of Morgan Stanley Smith Barney. They draw on those networks for deal flow, but Opal is an independent entity with no formal ties to Morgan Stanley, BlackRock, or AIG, per their communications.

## Related profiles

- [HAWLEY PERSONAL FINANCE](https://altss.com/profile/hawley-personal-finance)
- [EBIS](https://altss.com/profile/ebis)

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Last updated: 2026-07-06T01:24:22.549Z

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