Step 5 Capital

Step 5 Capital was co-founded by Mickey Baird and Steve Richardson, both of whom serve as Managing Partners. No other professionals are publicly listed. The firm's investment decisions are made by these two principals (per public record).

The firm operates across five asset classes: private equity, real estate, venture capital, private credit, and infrastructure. It focuses on direct investments and co-investments, rather than committing to fund vehicles. The emphasis is on private markets with a North American core.

Step 5 Capital predominantly pursues direct investments and co-investments alongside other family offices and institutional partners. There is no public evidence of fund-of-funds commitments. This structure allows the firm to maintain control over capital deployment and fee economics.

Step 5 Capital presents itself as a multi-family office, managing capital for a group of families rather than a single family. The identity of the families and the source of the wealth are not publicly disclosed.

The firm's primary investment geography is North America, particularly the United States. It also selectively considers opportunities in Europe and Asia. The firm maintains offices in Nashville, Tennessee, and New York City.

The firm relies on a network built through its co-investment partnerships with other family offices and institutional investors. In a crowded market, they differentiate by offering flexible capital and long-term horizons. Specific sourcing channels are not publicly detailed.

Step 5 Capital does not publicly disclose its AUM. Based on the firm's lean team and office footprint, industry observers estimate assets under management to be under $1 billion. This remains an Altss estimate unless the firm releases an official figure.