# Private Capital Management

Private Capital Management is a Multi Family Office based in Naples, United States.

## Overview

- **Organization type:** Multi Family Office
- **Headquarters:** Naples, United States
- **Region:** North America
- **Address:** Naples, FL, United States
- **Founded:** 1986
- **Assets under management:** Undisclosed
- **Website:** www.private-cap.com
- **LinkedIn:** https://www.linkedin.com/company/private-capital-management-inc

## Regulatory record

- **CRD number:** 169172
- **SEC file number:** 801-78615
- **Registration status:** Registered
- **Reports private funds:** Yes
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/169172

## About

Thomas E. Meade founded Private Capital Management in 1986, anchoring the firm in Denver after a long tenure as president of Fidelity Brokerage Services. The wealth engine traces to his liquidity event from that role and the subsequent build-out of a multi-family office that now serves families, entrepreneurs, and institutions — a practice expanded by the later additions of Managing Principals Justin Apt, Gary Wagner, and Joe Ramos. The firm deploys capital across private equity, private credit, direct co-investments, secondaries, and special situations, with a concentrated buyout mandate in North America. Portfolio exposure spans Industrial Tech, AgriTech & FoodTech, and Healthcare Services. While the firm operates registered investment-advisory and financial-planning practices typical of a multi-family office, the buyout strategy leans on deal-by-deal co-investment vehicles and SPVs, positioning the Meade-led group as a hybrid operating-asset owner rather than a pure fund-of-funds allocator. Meade Investments, Inc. Team credentials include CFA and CFP designations, and the office maintains professional memberships with both the CFA Institute and the CFP Board. Gary Wagner entered the partnership through the acquisition of Wagner Wealth Management; Joe Ramos joined via the Larkspur PCM entity that merged into Beacon Pointe, confirming PCM’s preference for acquiring advisory books while centralizing deal flow. PCM runs a dual-chamber structure: one side handles fee-based wealth management and financial planning for high-net-worth families; the other side operates an opportunistic buyout practice that issues co-investment tickets from a single-family-office-origin balance sheet. This architecture, coupled with the founder’s continued piloting of firm aircraft for business travel, keeps overhead low and decision rights concentrated — an operational posture closer to a family-run holding company than to the typical institutional multi-family office.

## Sectors

- Industrial Tech
- AgriTech & FoodTech
- Healthcare Services

## Offices

- Denver, CO

## People

- Thomas E. Meade — Founder
- Justin Apt — Managing Principal and President
- Gary Wagner — Managing Principal
- Joe Ramos — Founder of Larkspur PCM entity

## Questions

### Who makes final investment decisions at Private Capital Management?

Founder Thomas E. Meade sits at the center of the investment process, supported by Managing Principals Justin Apt, Gary Wagner, and Joe Ramos. The firm’s ownership structure keeps ultimate decision rights with Meade and his operating partners. No external investment committee or institutional board overrides their internal mandate.

### Does the firm source proprietary deal flow, or does it rely on GP networks?

Private Capital Management sources primarily through the founder’s multi-decade brokerage and advisory network, augmented by the regional presence of acquired practices like Wagner Wealth Management. The firm structures deals as direct co-investments and SPVs rather than committing to third-party funds, meaning most origination is relationship-driven and often off-intermediary-bank process.

### How are Thomas Meade’s personal assets — REIT holdings, aircraft — separated from client capital?

The firm acknowledges parallel vehicles. Meade Investments, Inc. holds earn-out rights, a mixed-use REIT portfolio, and a pilot-operated private aircraft. Client-facing wealth management and the co-investment buyout practice operate under Private Capital Management’s advisory entity; the personal balance sheet sits in a distinct corporate structure. The aircraft’s business use keeps the firm’s cost structure efficient, but the two pools remain legally separate.

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Last updated: 2026-08-11T02:43:31.692Z

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