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The Caprock Group
The Caprock Group was founded in 2003 by Gregory Brown and Matthew Weatherbie, initially structured as a single-family office before converting to a...
The Caprock Group
The Caprock Group was founded in 2003 by Gregory Brown and Matthew Weatherbie, initially structured as a single-family office before converting to a multi-family office that today serves approximately 300 families across the United States. The firm operates from its headquarters in Boise, Idaho, with additional offices in Austin, Portola Valley, Bala Cynwyd, Seattle, and Stamford. The founding thesis was straightforward: individual families, even those with significant wealth, struggle to access the same private-market opportunities as Yale or Stanford. By aggregating family capital into dedicated funds and co-investment vehicles, Caprock negotiates the terms of a large institutional allocator. Caprock deploys capital across a deliberately broad private-markets mandate. The firm constructs portfolios spanning buyout funds, venture capital, growth equity, private credit, real estate, and real assets. The investment team, led by CIO David Jack, selects external managers and layers direct co-investments alongside them. Public reporting shows Caprock committed to funds managed by TPG, KKR, and Generation Investment Management — the sustainability-focused firm co-founded by Al Gore. The firm has also built a dedicated impact-investing sleeve, with commitments to clean-energy infrastructure and sustainable agriculture strategies. Geographic exposure skews North American, but fund commitments reach Europe and select emerging markets through GPs with global mandates. The firm employs approximately 50 professionals across its six offices. Caprock also maintains an affiliated philanthropic advisory practice that helps client families structure charitable giving through donor-advised funds and private foundations. In May 2024, the firm promoted Matthew Weatherbie to CEO while Gregory Brown transitioned to Chairman, formalizing a succession that had been underway since Brown relocated to a family office role in the Northwest (per the firm, May 2024). The professional staff includes former endowment investors and private-equity operators, a deliberate hiring pattern meant to mirror the investment offices the firm benchmarks against. What distinguishes Caprock within the crowded multi-family-office market is its pooled-fund architecture. Rather than operating as a purely bespoke advisor that sources deals client-by-client, Caprock raises committed capital into fund vehicles and charges asset-based fees. This structure gives the investment committee discretion over capital calls and allows the firm to negotiate fee breaks and co-investment allocations that a single-family office writing $5 million checks cannot secure. The tradeoff is less customization per family, but the firm's consistent growth since 2003 suggests the model resonates with families who prioritize institutional access over bespoke service.
General information
Firm type
Multi Family Office
Year founded
2003
AUM
$5B - $10B (Altss estimate)
Location
Region
North America
Country
United States
City
Boise
Corporate office
Boise, ID, United States
Additional offices
Austin, TX · Portola Valley, CA · Bala Cynwyd, PA · Seattle, WA · Stamford, CT
Principals
Gregory Brown
Chairman
Matthew Weatherbie
CEO
David Jack
Managing Director, CIO
Sector focus
Frequently asked questions
Who runs investment decisions at The Caprock Group?
David Jack serves as Managing Director and Chief Investment Officer, leading the team that selects external managers and evaluates co-investments. The investment committee includes senior partners and has a formal mandate to integrate sustainability factors into every allocation decision. Jack joined the firm after an institutional career that included endowment and foundation investing roles.
How does Caprock source its deals compared to other multi-family offices?
Caprock pools client capital into dedicated fund vehicles, which allows the firm to approach top-quartile GPs as a single institutional-sized limited partner rather than as a collection of small individual accounts. This pooled structure gives Caprock access to oversubscribed funds and co-investment allocations that a typical single-family office cannot command. The firm also leverages its CIO's relationships and the professional network of its investment team across six offices.
What is Caprock's actual investment mandate around impact and sustainability?
The firm has a stated commitment to integrating environmental, social, and governance factors into investment selection, but it is not a pure-play impact investor. Caprock allocates to managers like Generation Investment Management for dedicated sustainability exposure while maintaining traditional private-equity and credit commitments. The mandate acts as a screen and a strategic tilt rather than an exclusionary filter, and the investment committee formally reviews sustainability factors during diligence.
How does Caprock charge for its services, and what is the minimum relationship size?
Caprock charges asset-based fees on committed capital, aligning the firm's economics with portfolio performance rather than transactional activity. The firm does not publicly disclose a minimum relationship threshold, but the pooled-fund structure and institutional-grade target investments suggest the model is designed for families with at least $20 million to $30 million in deployable capital. The fee structure avoids the transaction-based billing that creates conflict in some advisory models.
Does Caprock run any internal investment strategies, or is it entirely an allocator?
Caprock operates primarily as an allocator, selecting third-party fund managers and layering in co-investments alongside those GPs. The firm does not market proprietary direct-investment funds. The CIO's team evaluates external managers, conducts operational due diligence, and manages co-investment underwriting, but the capital is deployed through external partnerships rather than an in-house direct-investment team.
How is Caprock's succession structured after the May 2024 leadership changes?
The May 2024 transition formalized a leadership structure that had been evolving for several years. Gregory Brown, a co-founder, moved to Chairman, while Matthew Weatherbie, the other co-founder, assumed the CEO role. The firm has not disclosed additional ownership or governance details, but the multi-generational leadership team and the institutionalized investment committee structure suggest the firm is designed to outlast its founders.
Where does the underlying wealth of Caprock's client families come from?
Caprock does not disclose the wealth origins of its 300 client families in aggregate. The firm's geographic footprint — spanning technology hubs like Austin, Portola Valley, and Seattle, plus the financial corridor through Stamford — suggests a mix of technology entrepreneurs, private-equity principals, and legacy industrial wealth. The firm markets to families seeking institutional access rather than to any single industry cohort.
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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