# The ValCap Group

The ValCap Group is a Single Family Office based in Dallas, United States.

## Overview

- **Organization type:** Single Family Office
- **Headquarters:** Dallas, United States
- **Region:** North America
- **Address:** Dallas, TX, United States
- **Founded:** 2012
- **Assets under management:** $800 million (Altss estimate)
- **Website:** valcapgroup.com
- **LinkedIn:** https://www.linkedin.com/company/the-valcap-group-llc

## Regulatory record

- **Reports private funds:** No

## About

The ValCap Group was established in 2012 by Richard and Susann Fishman. The couple had already built a portfolio through direct purchases that began in the San Francisco Bay Area in 1995 and later expanded nationwide. The firm concentrates on value-add multifamily acquisitions financed through a mix of institutional debt and equity from family offices. It executes physical renovations, operational improvements, and targeted repositioning before holding assets for stabilized cash flow. Confirmed holdings include Belterra Apartments and Estancia Apartments in Dallas plus Alta Hotel + Living in Colorado Springs. The office also maintains joint-venture relationships with Shir Capital on hotel-to-multifamily conversions. Activity remains limited to North America, primarily Texas, Tennessee, Virginia, Pennsylvania, and Colorado. The team numbers fewer than twenty professionals and operates from a single Dallas headquarters. Richard Fishman continues to lead acquisitions and financing while Erik Fishman sits on the investment committee. In 2025 John Parducci joined as Associate after completing more than $500 million in Texas multifamily brokerage transactions. The firm maintains the Fishman Family Foundation as a separate philanthropic vehicle. Ownership remains fully controlled by the Fishman family with no external limited partners or fund vehicles. This direct alignment allows rapid execution on off-market acquisitions sourced through long-standing broker and lender relationships without LP reporting cycles or management-fee drag.

## Sectors

- Real Estate
- PropTech

## People

- Richard Fishman — Founder and President
- Susann Fishman — Co-Founder
- Erik Fishman — Vice President
- Nick Trajcevski — Director of Acquisitions

## Questions

### Who runs investment decisions at The ValCap Group?

Richard Fishman serves as President and leads acquisitions, financing, and market strategy. Erik Fishman and Nick Trajcevski also sit on the investment committee.

### How does The ValCap Group source proprietary deal flow?

Richard Fishman maintains direct relationships with financial institutions, brokers, and property owners developed over three decades. The firm reviews hundreds of listings monthly and filters through internal underwriting before offers.

### Does The ValCap Group participate in fund commitments or only direct deals?

The office executes only direct acquisitions and joint ventures. It does not commit capital to third-party funds or sponsor blind-pool vehicles.

### What investment stages does The ValCap Group typically target?

The firm focuses on value-add and distressed multifamily acquisitions. It also executes select distressed and turnaround transactions through operational repositioning.

### Does The ValCap Group maintain philanthropic structures, and how are they separated?

The Fishman Family Foundation operates as a distinct entity. Investment and philanthropic activities remain formally separated.

### What is The ValCap Group's known posture on co-investments alongside external GPs?

The firm forms joint ventures with operators such as Shir Capital on specific assets. It does not allocate to external general partners through fund structures.

## Related profiles

- [Observatory](https://altss.com/profile/observatory)
- [Canopy Partners](https://altss.com/profile/canopy-partners)

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Last updated: 2026-08-10T15:58:45.833Z

Canonical page: https://altss.com/profile/the-valcap-group-fishman-family-office

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