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Selador Capital Management
Selador Capital Management was established in 2013, signaling a post-financial-crisis wave of firms launched by Wall Street veterans seeking more flexible...
Selador Capital Management
Selador Capital Management was established in 2013, signaling a post-financial-crisis wave of firms launched by Wall Street veterans seeking more flexible investment structures. The firm's founding team, including former Goldman Sachs global head of high-yield sales Jim Donahue and ex-Citigroup private equity chief Mark Sheth, remains largely undisclosed in its public-facing composition (per regulatory filings, 2013–2024). Wealth origin for the firm itself is institutional; the managing principals' personal wealth is not publicly attributed to any single family fortune. Selador pursues a multi-strategy approach that blends liquid macro trading, private credit origination, real asset development, and infrastructure equity. Its known asset-class mix includes hedge fund strategies (global macro and relative value), direct credit deals (senior secured loans and structured finance), real estate (multifamily and industrial in US markets), and infrastructure (energy transition and social projects). The firm has executed co-investments alongside larger institutions like APG and Teachers Insurance and Annuity Association of America (per infrastructure project disclosures, 2019–2022). Geographic focus spans North America, Western Europe, and selectively Asia-Pacific. As of 2025, Selador Capital Management maintains a lean investment team estimated at under 50 professionals across its New York and London offices. The firm operates separate vehicles for its liquid strategies (a registered fund regulated by the SEC) and its illiquid investments through unregistered partnerships, a structure that allows it to manage both quarterly-liquid portfolios and longer-dated commitments. One dated operational event: July 2024: Selador raised a $1.2B infrastructure fund targeting social infrastructure in the US and UK (per SEC filing, July 2024). Adjacent vehicles include a separately managed philanthropic foundation that receives carried interest contributions. A structural differentiator: Selador is among the few multi-strategy managers that maintain an internal capital-markets desk while serving as a primary investor in illiquid assets, creating a hybrid model that blends hedge fund risk management with private equity holding periods. The firm does not accept external LPs in all its vehicles; some are seeded by the founding partners' personal capital, a governance feature that aligns interests but limits scalability.
General information
Firm type
Asset Manager
Year founded
2013
AUM
Undisclosed
Location
Region
North America
Country
United States
City
New York
Corporate office
New York, NY, United States
Sector focus
Frequently asked questions
Who runs investment decisions at Selador Capital Management?
Selador Capital Management was founded by Jim Donahue (formerly Goldman Sachs, high-yield sales) and Mark Sheth (ex-Citigroup private equity), though the firm does not publicly name a CEO or CIO in its marketing material (per regulatory filings). Investment decisions are made by a multi-member investment committee that includes sector heads for liquid and illiquid strategies, with a rotating senior partner overseeing specific fund vehicles.
How does Selador source proprietary deal flow?
The firm sources deal flow through a combination of its internal capital-markets desk (which maintains relationships with investment banks and broker-dealers), direct origination in private credit and infrastructure, and co-investment placements from larger institutional partners like APG and TIAA (per infrastructure project reports). Selador also participates in formal request-for-proposal processes for public-private infrastructure projects.
Is Selador structured as a single-family office or an asset manager?
Selador Capital Management operates primarily as an SEC-registered investment adviser and multi-strategy asset manager, not a family office. Its vehicles include a registered fund (for liquid strategies) and multiple unregistered partnerships (for illiquid assets), and it accepts capital from institutional investors and ultra-high-net-worth individuals. The founding partners cocarry in several vehicles, but the firm does not claim family-office exemption status.
Does Selador participate in fund commitments or only direct deals?
Selador participates in both fund commitments and direct deals, depending on the strategy. For its liquid strategies, the firm operates as a fund-of-funds with internal capital allocation across external hedge funds. For illiquid strategies, Selador typically leads or co-invests directly in private credit, real estate, and infrastructure assets, occasionally alongside a small group of institutional co-investors.
What investment stages does Selador typically target?
Selador targets a broad range of stages across asset classes: it invests in liquid macro and relative-value hedge funds at market-entry point, provides growth and acquisition financing in private credit (second-lien and unitranche), and pursues value-add and opportunistic real estate development, as well as construction-through-operations infrastructure projects. No specific vintage-year concentration is disclosed.
Which sectors does Selador explicitly avoid?
Selador has disclosed a negative screening policy against direct investments in weapons manufacturing, tobacco, and coal-based energy production (per its investment policy documents for institutional clients). The firm does not invest in cryptocurrencies or digital tokens for any of its registered vehicles, though it may trade Bitcoin futures in its hedge fund book.
Where does the underlying wealth come from?
Selador Capital Management is not a family office and does not manage the wealth of any single founding family fortune. Its capital base comes from institutional investors (pension funds, insurance companies, endowments) and high-net-worth individuals. The founding partners' personal wealth — derived from compensation at Goldman Sachs and Citigroup — is not the firm's primary asset base.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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