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Sunwater Capital Management
Sunwater Capital Management is a multi-family office founded in 2017 that invests in real estate, PropTech and healthcare services.
Sunwater Capital Management
Sunwater Capital Management was established in 2017 by Matthew Chervenak and Stephany Yu. Their prior exits in healthcare data, real estate and information services supplied the capital base. The firm functions as a multi-family office rather than a traditional fund vehicle. Sunwater deploys capital through direct co-investments, SPVs and private equity structures. It targets buyout and growth opportunities in real estate, PropTech, healthcare services and data analytics. Geographic reach covers North America and Asia. Confirmed technology focus includes AI/ML applications within those sectors. The firm lists six employees on public records and maintains a Shanghai office in addition to its North Bethesda headquarters. Matthew Chervenak also founded the Sunwater Institute think tank and AllSci Corp. Graham Gilkerson, an employee, belongs to the Titans of Investing network. Sunwater separates its investment activities from affiliated philanthropic vehicles including the International Leadership Foundation and the Sunwater Institute. This structure allows the principals to maintain distinct governance between capital deployment and policy-oriented initiatives.
General information
Firm type
Multi Family Office
Year founded
2017
AUM
Undisclosed
Location
Region
North America
Country
United States
City
North Bethesda
Corporate office
North Bethesda, MD, United States
Additional offices
Shanghai, China
Principals
Matthew Chervenak
Founder and General Partner
Sector focus
Frequently asked questions
Who runs investment decisions at Sunwater Capital Management?
Matthew Chervenak serves as Founder and General Partner. He oversees capital allocation alongside a small internal team.
How does Sunwater Capital Management source proprietary deal flow?
The firm draws on relationships formed through the co-founders’ prior exits in healthcare data and real estate. It also participates in the Titans of Investing network.
Is Sunwater Capital Management structured as a single family office or does it operate more like a venture firm?
It operates as a multi-family office that makes direct private equity and growth investments rather than committing primarily to external funds.
Does Sunwater Capital Management participate in fund commitments or only direct deals?
The firm executes direct co-investments and SPVs. It does not disclose participation in external fund commitments.
Where does the underlying wealth come from?
Capital originated from co-founders Stephany Yu and Matthew Chervenak’s exits in healthcare data, real estate and information services.
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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