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RiverPark Capital
RiverPark Capital was founded in 2006 and is majority-owned by its employees, an alignment mechanism that directly traces to CEO Morty Schaja's tenure as...
RiverPark Capital
RiverPark Capital was founded in 2006 and is majority-owned by its employees, an alignment mechanism that directly traces to CEO Morty Schaja's tenure as President and COO of Baron Capital. Schaja spent 15 years at Baron scaling its institutional architecture before establishing RiverPark initially as a separate-account manager. The firm converted its first hedge fund into the RiverPark Long/Short Opportunity mutual fund by 2012 and has since built a platform spanning interval funds and traditional mutual funds alongside private venture partnerships. The firm runs research-driven strategies across three pillars: concentrated long/short and long-only equity funds, a Floating Rate CMBS fund managed by industry veteran Edward Shugrue — who previously oversaw $12 billion in CMBS investments as CEO of Talmage — and a venture capital program launched in 2014. RiverPark Ventures has raised four funds through July 2022, targeting early-stage companies in enterprise software, FinTech, and digital marketplaces. One of the venture team's managing partners, Andy Appelbaum, was a co-founder of Seamless, and has invested in companies including Via Transportation. The firm's public and private strategies cover North America only. RiverPark reported over $1 billion in assets under management as of March 2026, with a team led by senior operators from Baron Capital, Westbrook Partners, and Canaccord Genuity. The firm's compliance and trading infrastructure is handled in-house, and it launched a new strategy — RiverPark Partners — in January 2025. The venture arm added Spencer Krug as a Partner, a former L.E.K. Consulting due-diligence specialist, blending consulting rigor into early-stage deal selection. Adjacent vehicles are limited to the fund platform; the firm does not maintain a separate philanthropic foundation in its disclosed footprint. RiverPark's structure compresses a mutual fund complex and a venture capital general partnership into a single, employee-owned entity — a configuration that lets the firm seed venture deals with permanent capital while offering retail and institutional investors liquid access to strategies historically confined to private partnerships. The internal alignment is reinforced by a portfolio-manager co-investment pool exceeding $25 million, a number the firm discloses publicly, unlike most generalist boutiques.
General information
Firm type
Generalist
Year founded
2006
AUM
Over $1 billion (per the firm, as of March 31, 2026)
Location
Region
North America
Country
United States
City
New York
Corporate office
New York, United States
Principals
Morty Schaja
Chief Executive Officer and Managing Partner
Conrad van Tienhoven
Principal and Portfolio Manager
Andy Appelbaum
Managing Partner, RiverPark Ventures
Edward L. Shugrue III
Managing Director and Portfolio Manager
Kenny Gilison
Chief Operating Officer and Chief Compliance Officer
Sector focus
Frequently asked questions
Who runs investment decisions at RiverPark Capital?
Portfolio management rests with individual strategy heads who are named on the firm's website. Conrad van Tienhoven oversees the Long/Short Opportunity Fund and Large Growth Fund, Edward L. Shugrue runs the Floating Rate CMBS Fund, and Andy Appelbaum manages RiverPark Ventures as its Managing Partner. CEO Morty Schaja participates in portfolio management and has final oversight of risk and trading infrastructure.
How does RiverPark source venture deals?
RiverPark Ventures leans on Andy Appelbaum's history as a serial entrepreneur and co-founder of Seamless to build relationships with early-stage founders. The venture team includes former consulting professionals with due-diligence backgrounds, and the firm's mutual-fund platform provides a pipeline of public-company insights that can inform private-stage sourcing. There is no external advisory board disclosed.
Is RiverPark a single family office or an asset manager?
RiverPark is a pure asset manager, not a family office. It operates a series of publicly available mutual funds, interval funds, and private venture capital partnerships and is majority-owned by its employees rather than a single family.
Does RiverPark make fund commitments or only direct investments?
On the private side, RiverPark Ventures makes direct early-stage venture investments from its own committed capital pools, not as a fund-of-funds. The firm does not disclose participating in external fund commitments beyond its in-house strategies. On the public side, it runs its own mutual funds rather than allocating to third-party managers.
What investment stages does RiverPark Ventures target?
RiverPark Ventures targets early-stage, high-growth businesses that are creating leadership positions in large industries. The firm describes its focus as 'early stage business' and 'start-ups' rather than later-stage growth equity, with a mandate that includes Seed-stage deals.
What is RiverPark's posture on co-investment alongside external GPs?
RiverPark does not publicize a co-invest program with external GPs. Its model is to build internal strategies — public mutual funds and in-house venture funds — rather than allocating alongside other managers. The exception is the RiverPark/Next Century Growth Fund, a sub-advised strategy that brings an external manager onto the platform.
How is the venture capital arm separated from the mutual fund business?
RiverPark Ventures operates as distinct limited partnerships (RiverPark Ventures I through IV) with a separate managing partner, Andy Appelbaum, while the public funds fall under Conrad van Tienhoven and Edward Shugrue. Both report to CEO Morty Schaja, and the firm's compliance and operations functions support the entire platform, but investment decisions for private and public capital are siloed by strategy.
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