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The IMA Group
The IMA Group: Maurice Segall's Tarrytown family office operates as a direct private credit and real estate investor, blending lender and operator...
The IMA Group
Maurice S. Segall established The IMA Group in 1990, anchoring the firm in Tarrytown, New York. The office manages family capital with a posture shaped by credit cycles rather than equity-market beta. Segall built his track record in commercial real estate finance, and the office reflects that origin: a lender-operator hybrid rather than a passive allocator. The IMA Group deploys capital across private credit, direct real estate equity, and opportunistic special situations. The credit book focuses on first-mortgage bridge lending and mezzanine financing for middle-market commercial properties, typically in the New York metropolitan area and the Northeast corridor. On the equity side, the firm acquires and recapitalizes income-producing real estate, often sourcing off-market transactions through a network of regional brokers and borrowers who value non-bank execution. The firm has historically operated without external limited partners, allowing it to move at the speed of a single decision-maker on deals that institutional credit committees would reject on timeline. The firm maintains a deliberately lean structure, with Segall remaining the central investment authority. No adjacent vehicles or philanthropic foundations have been publicly disclosed. The office does not market to external allocators and does not publish an AUM figure. This opacity is structural — the absence of third-party capital removes any regulatory or investor-relations pressure to disclose deployment metrics. The IMA Group has not announced a succession plan, a governance question that becomes more relevant as the founder-led office matures. What distinguishes The IMA Group from a conventional family office is its operating-company posture: it underwrites, closes, and sometimes services its own loans, resembling a private credit fund more than a diversified family portfolio. This blurring of asset-manager and family-office boundaries is uncommon among single-family offices of its generation, most of which evolved toward multi-asset-class allocation models. The IMA Group instead stayed narrow, deep, and illiquid — a structure that rewards proficiency in a single, cycle-tested playbook.
General information
Firm type
Single Family Office
Year founded
1990
AUM
Undisclosed
Location
Region
North America
Country
United States
City
Tarrytown
Corporate office
Tarrytown, NY, United States
Principals
Maurice S. Segall
Founder
Sector focus
Frequently asked questions
Who runs investment decisions at The IMA Group?
Maurice S. Segall, the founder, remains the central investment authority. The firm operates with a lean structure and has not disclosed a formal investment committee or named other principals. Decisions are made with the speed of a single decision-maker, consistent with the firm's direct-lending posture.
How does The IMA Group source its deals?
The firm sources transactions primarily through a long-established network of regional brokers, borrowers, and commercial real estate operators in the New York metropolitan area and the Northeast corridor. Most transactions are off-market, reflecting relationships built over three decades of credit-focused investing rather than competitive auction processes.
Is The IMA Group structured as a single family office or does it operate more like a private credit fund?
It is legally a single family office but operationally resembles a private credit fund. The firm underwrites, closes, and sometimes services its own loans using family capital. It has not historically accepted external limited partners, which distinguishes it from a regulated fund manager while allowing fund-like investment disciplines.
Does The IMA Group participate in fund commitments or only direct deals?
The IMA Group invests almost exclusively through direct deals — primarily first-mortgage bridge loans, mezzanine financing, and direct real estate equity acquisitions. There is no public record of the firm making blind-pool fund commitments to third-party managers, consistent with its preference for direct control over underwriting and asset management.
What is The IMA Group's known posture on co-investments alongside external partners?
The firm has not disclosed a formal co-investment program. Given its single-family-office structure and deal-by-deal underwriting approach, any co-investment activity is likely opportunistic and relationship-driven rather than institutionalized. External allocators seeking co-investment access would find no established channel.
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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