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.

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.

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.

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.

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.

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.

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.