# The Caprock Group

The Caprock Group is a Multi Family Office based in Boise, United States.

## Overview

- **Organization type:** Multi Family Office
- **Headquarters:** Boise, United States
- **Region:** North America
- **Address:** Boise, ID, United States
- **Founded:** 2003
- **Assets under management:** $5B - $10B (Altss estimate)
- **Website:** thecaprockgroup.com
- **LinkedIn:** https://www.linkedin.com/company/the-caprock-group

## Regulatory record

- **CRD number:** 124272
- **SEC file number:** 801-61642
- **Registration status:** Registered
- **Reports private funds:** Yes
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/124272

## About

The Caprock Group is an SEC-registered investment adviser in Boise, ID, since 2002. It manages $12.5 billion in assets, $12.2 billion on a discretionary basis. The firm has 67 employees and 38 investment advisers.

## Sectors

- Real Estate
- Private Equity
- Private Credit
- Energy Transition & Renewables
- Venture Capital
- Hedge Funds

## Offices

- Austin, TX
- Portola Valley, CA
- Bala Cynwyd, PA
- Seattle, WA
- Stamford, CT

## People

- Gregory Brown — Chairman
- Matthew Weatherbie — CEO
- David Jack — Managing Director, CIO

## 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.

### 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.

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Last updated: 2026-07-06T01:24:26.840Z

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