# Tidewater Capital

Tidewater Capital is an Asset Manager based in San Francisco, United States.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** San Francisco, United States
- **Region:** North America
- **Address:** San Francisco, CA, United States
- **Founded:** 2013
- **Assets under management:** Undisclosed
- **Website:** tidewatercap.com
- **LinkedIn:** https://www.linkedin.com/company/tidewater-capital

## Regulatory record

- **CRD number:** 341685
- **Registration status:** Registered
- **Reports private funds:** Yes
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/341685

## About

Tidewater Capital is a state-registered investment adviser with its headquarters in San Francisco, CA. It serves high net worth individuals, family offices, and institutional clients. The firm manages over $10 billion in assets.

## Sectors

- Real Estate

## People

- Craig Young — Managing Principal
- Ross Stackhouse — Principal
- Nick Bryer — Managing Director, Acquisitions
- Matt Klimerman — Managing Director, Portfolio and Asset Management

## Questions

### Who runs investment decisions at Tidewater Capital?

Acquisitions at Tidewater are led by Managing Director Nick Bryer, who sources and executes deals with support from Vice Presidents Stephen Yih and Isabella Wei. Portfolio and asset management decisions sit with Managing Director Matt Klimerman. Managing Principal Craig Young, who founded the firm in 2013, oversees long-range planning, growth initiatives, and partner relations.

### How does Tidewater Capital source proprietary deal flow?

Tidewater sources opportunities through a dedicated acquisitions team working exclusively in the Bay Area, leveraging deep local broker and operator relationships. Several senior team members previously worked at CIM Group and JBG, creating a network that surfaces off-market value-add and development deals. The firm also draws on repeat relationships with institutional limited partners who bring co-investment and off-market deal flow.

### Does Tidewater participate in fund commitments or only direct deals?

Tidewater operates its own discretionary investment vehicles rather than committing to third-party funds. Capital is raised from endowments, foundations, and family offices and deployed directly into Bay Area real estate properties, where the firm handles entitlements, development, and asset management in-house.

### What investment stages does Tidewater Capital typically target?

Tidewater targets value-add acquisitions and ground-up development, focusing on assets where entitlements, repositioning, or active asset management can drive returns. The firm does not appear to participate in core or core-plus stabilized transactions, and its team's experience at CIM and JBG aligns more with complex, multi-year business plans.

### How is Tidewater Capital related to JBG or CIM Group?

Managing Principal Craig Young, Co-Founder Ross Stackhouse, and Managing Director Matt Klimerman all previously worked at JBG Companies (now JBG Smith), a major D.C.-area real estate firm. Young and Klimerman also held positions at CIM Group. Tidewater has no formal corporate connection to either firm, but its senior team's shared experience shapes a repeat-player network for off-market deal flow.

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Last updated: 2026-06-03T20:00:00.000Z

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