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Sepio Capital
Sepio Capital was established in 2017 by Roger Carter and his son Josh Carter following their departure from Merrill Lynch. The father-and-son team brought a...
Sepio Capital
Sepio Capital was established in 2017 by Roger Carter and his son Josh Carter following their departure from Merrill Lynch. The father-and-son team brought a multi-billion-dollar book of clients into the new multi-family office structure. The firm maintains an SEC-registered advisory alongside a Wyoming-chartered trust company to serve families, institutions, and trusts. Sepio allocates across private equity, private credit, hedge funds, real estate, and venture capital. It executes through direct co-investments, SPVs, and fund-of-funds commitments. Confirmed holdings include positions in the Fidelity Wise Origin Bitcoin Fund and iShares Ethereum Trust. The firm also operates Sepio Capital Real Estate Fund I and Fund II, both focused on mixed-use assets in Salt Lake City. Geographic reach centers on North America with additional exposure in the Caribbean. The firm employs an investment team that includes John Beatson as Partner and Co-Chief Investment Officer. Sepio maintains relationships with philanthropic vehicles such as the Sorenson Impact Foundation and the Bella Vista Foundation. It launched two real estate funds from its Salt Lake City headquarters. No operational events from the last 24 months appear in available records. Sepio Capital operates a hybrid structure that pairs traditional family-office services with a dedicated trust company charter. This setup allows the firm to manage both liquid portfolios and complex estate structures for the same client base without external custodians for trust assets.
General information
Firm type
Multi Family Office
Year founded
2017
AUM
~$6B
Location
Region
North America
Country
United States
City
Salt Lake City
Corporate office
Salt Lake City, UT, United States
Principals
Roger Carter
Co-founder and Managing Director
Josh Carter
Co-founder and Managing Director
John Beatson
Partner and Co-Chief Investment Officer
Jim Sorenson
Business Partner
Sector focus
Frequently asked questions
Who runs investment decisions at Sepio Capital?
Roger Carter and Josh Carter serve as co-founders and managing directors. John Beatson acts as Partner and Co-Chief Investment Officer. Investment authority rests with this core group rather than an external committee.
How does Sepio Capital source proprietary deal flow?
The firm draws on relationships formed during the Merrill Lynch tenure of its founders. It also accesses opportunities through its real estate funds and connections to the Sorenson Impact Foundation. Direct co-investments and SPVs form a primary channel.
Is Sepio Capital structured as a single family office or does it operate more like a venture firm?
Sepio Capital functions as a multi-family office. It serves multiple families and institutions rather than a single lineage. The firm also runs dedicated real estate funds and maintains a trust company charter.
Does Sepio Capital participate in fund commitments or only direct deals?
The firm uses both approaches. It makes fund commitments in private equity and venture capital while executing direct co-investments and SPVs. Real estate holdings occur through its own commingled funds.
What investment stages does Sepio Capital typically target?
Sepio targets early stage, seed, growth, and venture capital opportunities. It balances these with later-stage private equity and real estate. Stage selection varies by mandate and client risk parameters.
Where does the underlying wealth come from?
The client base originated from a Merrill Lynch private wealth practice spun out in 2017. Current clients include affluent families, institutions, and trusts. No single family controls the firm.
Does Sepio Capital maintain philanthropic structures, and how are they separated?
Sepio works with external vehicles including the Sorenson Impact Foundation and Bella Vista Foundation. These entities operate independently from the investment management business. Client philanthropic mandates are handled through separate advisory agreements.
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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