# Topaz Capital

Topaz Capital is an Asset Manager based in New York, United States.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** New York, United States
- **Region:** North America
- **Address:** New York, NY, United States
- **Founded:** 2017
- **Assets under management:** Undisclosed
- **Website:** topazcap.com
- **LinkedIn:** https://www.linkedin.com/company/topaz-capital-group

## Regulatory record

- **Reports private funds:** No

## About

Topaz is a venture capital firm founded in 2013 in Hong Kong. It provides financial services to individual, corporate, and institutional clients. Topaz Capital has made two investments, including a Convertible Note in BEWE on March 1, 2020.

## Sectors

- Real Estate
- Hospitality

## People

- Alex Szewczyk — Founder & Managing Partner

## Questions

### Who runs investment decisions at Topaz Capital?

Alex Szewczyk, the firm's founder and managing partner, leads investment decisions and sets the strategic direction. He oversees acquisitions, asset management, and the operational turnaround plans for each property. The firm operates with a lean team structure, keeping decision-making centralized under his leadership.

### How does Topaz Capital source deal flow?

Topaz targets off-market and lightly marketed properties in the Southeastern US through a network of regional brokers, property managers, and lenders. Its focus on underperforming assets — particularly in secondary and tertiary markets — reduces competition from larger institutional buyers. The firm's repeated transactions with select hospitality brands also generate proprietary looks at distressed franchisee portfolios.

### What investment stages and property types does Topaz Capital target?

Topaz focuses exclusively on existing income-producing properties requiring operational repositioning or capital improvements. Within hospitality, it targets limited-service and extended-stay hotels. Within multifamily, it concentrates on Class B and Class C garden-style apartment communities in supply-constrained Southeastern submarkets. The firm does not pursue ground-up development.

### Which geographies does Topaz Capital invest in?

The firm concentrates capital across the Southeastern United States, with known activity in Florida, Georgia, and the Carolinas. It avoids gateway cities, preferring secondary and tertiary markets where it can build dominant submarket positions and where the investor base is thinner.

### What is Topaz Capital's posture on co-investments?

Topaz routinely welcomes co-investment from its limited partner base, enabling larger acquisitions without over-concentrating its own balance sheet. Outside of its existing LP relationships, the firm has not publicly advertised a broad co-investment program, maintaining selectivity in partnership formation.

### Which sectors does Topaz Capital explicitly avoid?

The firm avoids full-service luxury hotels, ground-up construction, office properties, and retail — sectors outside its operational expertise. It also does not invest in markets north of the Mid-Atlantic or west of Texas, maintaining a deliberate geographic cordon around its Southeastern focus.

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

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