# Private Capital Strategies

Private Capital Strategies is an Asset Manager based in Darien, United States.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** Darien, United States
- **Region:** North America
- **Address:** New York, NY, United States
- **Assets under management:** Undisclosed
- **Website:** privatecapstrat.com

## Regulatory record

- **CRD number:** 163569
- **SEC file number:** 802-122998
- **Registration status:** Registered
- **Reports private funds:** Yes
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/163569

## About

Private Capital Strategies, LLC is an exempt reporting adviser in Darien, CT. It is based in Darien. The firm advises clients.

## Sectors

- Hedge Funds
- Private Credit
- Real Estate
- Energy Transition & Renewables

## People

- John Mauldin — Co-Founder and Chairman
- Steve Blumenthal — Co-Founder, CEO and CIO

## Questions

### Who runs investment decisions at Private Capital Strategies?

Steve Blumenthal, co-founder and CEO, serves as chief investment officer and leads all manager selection and portfolio allocation decisions. Blumenthal brings over three decades of experience in alternative investment due diligence and structured product design. John Mauldin, the firm's chairman and co-founder, contributes macroeconomic and strategic input through his research platform, Mauldin Economics, but investment decisions rest with Blumenthal's team.

### What is the relationship between Private Capital Strategies and Mauldin Economics?

John Mauldin co-founded both entities, and Mauldin Economics functions as an affiliated but separately operated research and publishing business. The publishing arm generates qualified investor leads through newsletters, conferences, and educational content. This creates a proprietary, repeatable distribution funnel that feeds Private Capital Strategies' fund vehicles without the firm having to compete for attention on traditional third-party platforms.

### What investment stages or sectors does the firm explicitly avoid?

Private Capital Strategies explicitly avoids early-stage venture capital and speculative technology investments. The firm's published materials emphasize income-producing, asset-backed, and cash-flowing strategies. Liquid alternative strategies are limited to registered mutual funds and interval funds; the firm does not allocate to standalone hedge fund partnerships. Distressed-debt strategies are considered only when externally managed by specialists and only in creditor-friendly jurisdictions.

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Last updated: 2026-08-14T12:30:00.000Z

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