# Partners Capital

Partners Capital is a Multi Family Office based in Franklin, United Kingdom.

## Overview

- **Organization type:** Multi Family Office
- **Headquarters:** Franklin, United Kingdom
- **Region:** Europe
- **Address:** London, United Kingdom
- **Founded:** 2001
- **Assets under management:** Undisclosed
- **Website:** partners-cap.com

## Regulatory record

- **CRD number:** 328074
- **Registration status:** Registered
- **Reports private funds:** Yes
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/328074

## About

Partners Capital, LLC is a state-registered investment adviser in Franklin, TN. The firm manages $40 million in assets, $10 million on a discretionary basis. It has 7 employees and 6 investment advisers.

## Sectors

- Private Equity
- Venture Capital
- Hedge Funds
- Private Credit
- Real Estate
- Infrastructure
- Secondaries & Special Situations

## Offices

- Boston, MA, United States
- New York, NY, United States
- San Francisco, CA, United States
- Hong Kong
- Singapore

## People

- Stan Miranda — Chairman and Co-Founder
- Paul Dimitruk — Co-Founder

## Questions

### Who runs investment decisions at Partners Capital?

The firm operates through a centralized Investment Committee led by Chairman Stan Miranda. Portfolio construction and manager selection are executed by dedicated regional teams in London, Boston, New York, San Francisco, Hong Kong, and Singapore, but final asset allocation and new-manager approval rest with the committee. No single portfolio manager has unilateral authority over a client mandate.

### How is Partners Capital compensated, and does it take placement fees?

Partners Capital earns only advisory fees directly from its clients, predominantly through a performance-linked structure. It explicitly refuses placement fees, revenue-sharing agreements, and soft-dollar commissions from any asset manager, custodian, or platform. This fee design eliminates the incentive to churn portfolios or favor high-commission products over better-investing outcomes.

### Does Partners Capital participate in fund commitments or only direct deals?

The firm primarily allocates client capital through commitments to external specialist funds across public and private markets. It also maintains a formal co-investment program that allows clients to access direct deal opportunities alongside the general partners it already backs, but the strategy remains overwhelmingly manager-focused rather than direct-investment-led.

### Which sectors does Partners Capital explicitly avoid?

Partners Capital tends to avoid fund managers that depend heavily on macroeconomic speculation or that carry extreme single-portfolio-company concentration with limited risk controls. In direct co-investments, it generally screens out early-stage speculative ventures that lack a clear path to sustainable unit economics, preferring opportunities where a trusted GP retains meaningful economic alignment.

### How is Partners Capital related to Bain & Company?

Stan Miranda spent over 20 years at Bain & Company, serving as its Worldwide Managing Director, and co-founder Paul Dimitruk also held a senior role there. While no formal ownership link exists, the firm maintains close intellectual-capital ties, and several senior investment professionals are former Bain alumni. The relationship provides a durable talent pipeline without creating a transaction or advisory conflict.

## Related profiles

- [Fidela Wealth](https://altss.com/profile/fidela-wealth)
- [Tropion Sports Partners](https://altss.com/profile/tropion-sports-partners-llc)

---

Last updated: 2026-07-06T01:24:22.882Z

Canonical page: https://altss.com/profile/partners-capital-llc

Maintained by Altss — https://altss.com — methodology: https://altss.com/methodology