Multi-Family Office

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Tenth Avenue Holdings

Tenth Avenue Holdings is a privately held, diversified holding company that operates and invests in privately and publicly held businesses as well as...

Tenth Avenue Holdings

Tenth Avenue Holdings is a privately held, diversified holding company that operates and invests in privately and publicly held businesses as well as operates and develops commercial and residential real estate.

Website
tenave.com

General information

Firm type

Multi Family Office

Year founded

2008

AUM

Undisclosed

Location

Region

North America

Country

United States

City

New York

Corporate office

New York, NY, United States

Additional offices

Cincinnati · Wilton

Principals

Joel Citron

Co-Founder & Co-CEO

Laurence Denihan

Co-Founder & Co-CEO

Charlie Rosse

Managing Director, TAH & CFO, FTD and From You Flowers

Peter Owens

CEO, Decamarx & Interim CEO, PackIt

Gina Kang Park

Chief Financial Officer

Kelsey Denihan

Director, TAH & CSO, Decamarx

Erik Anderson

Director & Chief Compliance Officer

Alex Schmelzer

Director of Business Development

Sector focus

Real EstateConsumer GoodsFood & BeverageLuxuryE-commerce

Frequently asked questions

Who runs investment decisions at Tenth Avenue Holdings?

Investment decisions are led by co-founders and co-CEOs Joel Citron and Laurence Denihan, supported by a team of managing directors and functional leaders. The firm vets deals through its director of business development and chief compliance officer, with final authority resting with the co-CEOs (per the firm).

How does Tenth Avenue source proprietary deal flow?

The firm sources deals primarily through its network of founders, operators, and family-owned business owners, often targeting companies that want permanent capital rather than a financial sponsor. It emphasizes relationships built over time and does not rely on intermediaries (per the firm).

Is Tenth Avenue structured as a single family office or does it operate more like a venture firm?

Tenth Avenue is structured as a multi-family office holding company, not a venture or private equity fund. It has permanent capital from its founding members and does not raise external limited partner commitments. This structure allows it to hold businesses for decades (per the firm).

Does Tenth Avenue participate in fund commitments or only direct deals?

Tenth Avenue primarily executes direct control investments and acquisitions of companies and real estate. The firm does not disclose any fund-of-funds or third-party limited partner commitments. Its activity is focused on wholly owned or majority-owned operating businesses and real estate holdings (per the firm).

What investment stages does Tenth Avenue typically target?

The firm targets acquisitions at $10 million or more in annual revenue for existing verticals, and $40 million or more for new verticals. It seeks businesses with stable recurring revenue and management in place, and it avoids turnaround situations explicitly (per the firm).

Which sectors does Tenth Avenue explicitly avoid?

The firm does not publish an avoid list but explicitly states it is not seeking turnaround investments. Based on its portfolio, it focuses on consumer goods, food and beverage, luxury, and real estate, avoiding high-tech, biotech, financial services, and other capital-intensive or cyclical industries (per the firm).

Where does the underlying wealth come from?

The underlying family wealth is attributed to founding members Donald Denihan, Dan Denihan, and John Ferrari. The Denihan family is known for its background in hospitality and real estate, though the firm does not provide detailed wealth origin disclosure (per the firm website).

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