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Sterling Equities
Sterling Equities was founded in 1972 by Fred Wilpon and Saul Katz. The underlying wealth stems from New York real estate holdings and long-term ownership in...
Sterling Equities
Sterling Equities was founded in 1972 by Fred Wilpon and Saul Katz. The underlying wealth stems from New York real estate holdings and long-term ownership in the New York Mets baseball franchise before the 2020 majority sale to Steve Cohen. The firm deploys capital across real estate, private equity, infrastructure, and sports franchises. It participates through direct co-investments, SPVs, fund-of-funds commitments, and private credit. Confirmed positions include the Willets Point Redevelopment in Queens, Citi Field, 575 Fifth Avenue, and the Etihad Park soccer stadium project with New York City Football Club. Activity spans North America and Europe. The firm reports $3.5 billion under management. It maintains memberships in the New York Building Congress and supports the Judy and Fred Wilpon Family Foundation along with the Saul and Iris Katz Family Foundation. No operational events from the last 24 months appear in public records. Sterling Equities operates through a hybrid structure that combines family capital with joint-venture partnerships, notably with Related Companies on the Queens Development Group and with Steve Cohen on the retained Mets stake.
General information
Firm type
Multi Family Office
Year founded
1972
Location
Region
North America
Country
United States
City
Great Neck
Corporate office
Great Neck, NY, United States
Principals
Fred Wilpon
Co-founder
Saul Katz
Co-founder
Sector focus
Frequently asked questions
Who runs investment decisions at Sterling Equities?
Fred Wilpon and Saul Katz founded the firm and continue to shape its direction. No current CIO or investment committee members are named in public materials.
How does Sterling Equities source proprietary deal flow?
The firm draws on long-standing relationships in New York real estate and sports. Joint ventures such as the Queens Development Group provide access to development opportunities.
Does Sterling Equities participate in fund commitments or only direct deals?
The firm uses both approaches. It commits to funds and also executes direct co-investments and SPVs in real estate and sports assets.
What investment stages does Sterling Equities typically target?
The firm targets buyout, growth, and early-stage opportunities alongside its core real estate holdings.
Where does the underlying wealth come from?
Wealth originates from New York real estate developments and prior ownership in the New York Mets franchise.
Does Sterling Equities maintain philanthropic structures?
Yes. The Judy and Fred Wilpon Family Foundation and the Saul and Iris Katz Family Foundation operate separately from the investment activities.
What is Sterling Equities posture on co-investments alongside external GPs?
The firm co-invests directly with partners including Related Companies and Steve Cohen on specific projects and retained stakes.
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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