# Telemus Capital

Telemus Capital is a Bank / Wealth / Trust based in Ann Arbor, United States.

## Overview

- **Organization type:** Bank / Wealth / Trust
- **Headquarters:** Ann Arbor, United States
- **Region:** North America
- **Address:** Ann Arbor, MI, United States
- **Founded:** 2005
- **Assets under management:** $1B – $5B (Altss estimate)
- **Website:** telemus.com
- **LinkedIn:** https://www.linkedin.com/company/telemus-capital-partners

## Regulatory record

- **Reports private funds:** No

## About

Telemus Capital is a wealth manager based in Southfield, US. It manages approximately $3 billion in assets, primarily serving clients in North America.

## Sectors

- Real Estate
- Private Equity
- Hedge Funds

## People

- Gary Ran — CEO & Chairman
- Lyle Wolberg — Senior Advisor

## Questions

### Who runs investment decisions at Telemus Capital?

Gary Ran serves as CEO and Chairman, with final authority over the firm's investment policy and strategic asset allocation. The investment committee includes senior portfolio managers and external consultant input for alternative manager selection. Their process mirrors an institutional endowment model, with quarterly tactical reassessments and annual deep-dive reviews on each manager relationship.

### How does Telemus source private market deals?

Telemus sources private equity and real estate deals through long-standing general partner relationships, direct co-investment invitations from fund managers, and Midwest-originated real estate operating partnerships. The firm's deal-sourcing posture is sponsorship-led rather than auction-led, leaning on manager relationships built since the 2005 founding.

### Does Telemus participate in fund commitments or only direct deals?

Telemus allocates to both third-party private fund commitments and direct co-investment opportunities. The firm uses primary fund commitments to build diversified private equity and real estate exposure, then layers in direct co-investments to enhance returns and reduce blended fees. Direct deals are sourced primarily through existing GP relationships.

### How is Telemus related to its 2018 merger with Financial Management Group?

Telemus merged with Bloomfield Hills-based Financial Management Group in 2018, integrating their estate planning and tax advisory capabilities into the combined platform. The merger expanded Telemus's Southeast Michigan footprint and added depth in insurance and legacy planning services without altering the core OCIIO investment structure.

### What is Telemus's known posture on co-investments alongside external GPs?

Telemus actively pursues co-investment alongside external general partners, specifically where the firm can negotiate reduced or eliminated management fees and performance carry on those specific positions. The co-investment program is available to qualifying wealth-management clients and institutional relationships, not via a separate commingled fund.

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Last updated: 2026-06-03T20:00:00.000Z

Canonical page: https://altss.com/profile/telemus-capital

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