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.

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.

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.

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.

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.

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.

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.