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The Cynosure Group
The Cynosure Group was established in 2014 by Spencer P. Eccles, a fifth-generation family member. Randal Quarles, former Vice Chair of the Federal Reserve and...
The Cynosure Group
The Cynosure Group was established in 2014 by Spencer P. Eccles, a fifth-generation family member. Randal Quarles, former Vice Chair of the Federal Reserve and son-in-law of Spencer Fox Eccles, serves as Chairman. The firm allocates across private equity, real assets, private credit, hedge funds and public markets. It uses direct co-investments, SPVs and fund-of-funds structures. Confirmed positions include the Cynosure | Checketts Sports Capital joint venture and multiple mixed-use real estate projects in the Intermountain West. Geographic focus remains North America, with activity concentrated in Utah and Idaho. Investment stages span growth equity through Series C. The firm employs no disclosed headcount figure. It maintains the Cynosure Elevations Portfolio and Utah Development and Construction projects in Park City. Adjacent vehicles include the George S. and Dolores Doré Eccles Foundation and the Spencer F. and Cleone P. Eccles Family Foundation. Randal Quarles holds membership in the Council on Foreign Relations. The Eccles family maintains direct ownership of operating real estate assets such as the Goldener Hirsch Inn and the Eccles Family Ranch. This integration of commercial holdings with the investment mandate creates a closed-loop governance model uncommon among single-family offices of similar scale.
General information
Firm type
Family Office
Year founded
2014
Location
Region
North America
Country
United States
City
Salt Lake City
Corporate office
Salt Lake City, UT, United States
Principals
Spencer P. Eccles
Co-Founder and Managing Director
Randal Quarles
Chairman and Co-Founder
Dave Checketts
Partner
Sector focus
Frequently asked questions
Who runs investment decisions at The Cynosure Group?
Spencer P. Eccles serves as Co-Founder and Managing Director. Randal Quarles acts as Chairman and Co-Founder. Dave Checketts participates through the Cynosure | Checketts Sports Capital joint venture.
How does The Cynosure Group source proprietary deal flow?
The firm draws on longstanding family relationships in the Intermountain West. It also uses the Cynosure | Checketts Sports Capital platform for sports-related opportunities.
Does The Cynosure Group participate in fund commitments or only direct deals?
The firm uses both fund commitments and direct co-investments. It maintains positions in hedge funds and private credit vehicles alongside SPVs.
What investment stages does The Cynosure Group typically target?
The firm targets growth equity through Series C. It also executes buyouts and early-stage commitments in selected sectors.
What is The Cynosure Group's known posture on co-investments alongside external GPs?
The firm routinely co-invests directly and through SPVs. It also partners with external managers in private equity and real assets.
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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