# Second Generation

Second Generation is a Single Family Office based in Cleveland, United States.

## Overview

- **Organization type:** Single Family Office
- **Headquarters:** Cleveland, United States
- **Region:** North America
- **Address:** Cleveland, OH, United States
- **Founded:** 1978
- **Assets under management:** Undisclosed
- **Website:** secondgen.com
- **LinkedIn:** https://www.linkedin.com/company/second-generation/

## Regulatory record

- **Reports private funds:** No

## About

Thomas J. Embrescia established Second Generation in 1978. The firm traces its capital to the sale of broadcast properties built over prior decades. F. Matthew Embrescia serves as president and continues the family-led structure. The office deploys capital through direct co-investments, SPVs, fund-of-funds commitments, and real estate holdings. Asset classes include domain registries, outdoor advertising, and manufacturing. Confirmed positions include ownership of .jobs, .realtor, and .realestate TLDs via Second Genistry LLC, plus Cobra Motorcycles in Michigan and Champ Titles in vehicle registration technology. Operations remain concentrated in North America with primary activity in Ohio, New York, Michigan, and Iowa. The team consists of three named principals based in Cleveland. Additional holdings include the Embrescia Estate in Gates Mills and a Cleveland parking portfolio. Matthew Embrescia previously chaired the Cleveland chapter of YPO. No dated operational events from the last 24 months appear in available records. Second Generation maintains a hybrid structure that combines family governance with operating-company ownership. Xgen functions as the sister vehicle for generational investments while Second Genistrar supports the TLD portfolio as an ICANN-accredited registrar. This architecture keeps decision rights inside the family rather than through external mandates.

## Sectors

- Healthcare Services
- Industrial Tech
- Media & Entertainment
- Mobility & Transportation
- PropTech

## People

- Thomas J. Embrescia — Chairman and Founder
- F. Matthew Embrescia — President
- Scott Finerman — Vice President and CFO

## Questions

### Who runs investment decisions at Second Generation?

Thomas J. Embrescia serves as chairman and founder. F. Matthew Embrescia holds the president role. Scott Finerman acts as vice president and CFO.

### How does Second Generation source proprietary deal flow?

The firm draws on long-standing relationships in broadcasting, real estate, and domain infrastructure. It also evaluates opportunities through YPO networks and direct outreach to lower-middle-market operators.

### Is Second Generation structured as a single family office or does it operate more like a venture firm?

It functions as a single family office. Capital deployment mixes direct control positions, SPVs, and select fund commitments rather than a dedicated venture strategy.

### Does Second Generation participate in fund commitments or only direct deals?

The office uses both approaches. It holds direct ownership in companies such as Cobra Motorcycles and Champ Titles while maintaining fund-of-funds exposure.

### What investment stages does Second Generation typically target?

The firm focuses on growth and venture opportunities in lower-middle-market companies. It also holds mature operating businesses and real estate assets.

### Does Second Generation maintain philanthropic structures, and how are they separated?

The Judith A. Embrescia Family Foundation exists as a separate vehicle. No integration with investment activities is disclosed.

## Related profiles

- [SE Capital Partners](https://altss.com/profile/se-capital-partners)
- [Seedamm Vermögensverwaltung](https://altss.com/profile/seedamm-verm-gensverwaltung)

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Last updated: 2026-08-10T15:54:10.904Z

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