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Two Bridges Capital
Two Bridges Capital is a multi-family office founded by Peter T.
Two Bridges Capital
Peter T. McKenna launched Two Bridges Capital in the early 2010s as a multi-family office headquartered in San Antonio, with additional offices in Manchester, Minneapolis, Irvington, and Glassboro. The firm serves a small group of families, though the origin of the underlying wealth is not publicly disclosed. Two Bridges targets private credit, real estate, infrastructure, energy transition, and healthcare services. It typically invests in direct co-investments alongside sponsor-backed transactions. Confirmed portfolio exposures include commercial real estate debt and senior secured loans to mid-market companies in the US (per public filings). Geographic focus is North America, with a concentration in the US Sun Belt and Northeast. The firm does not disclose AUM or total deployment. It maintains a lean professional team led by McKenna, with Managing Director Michael J. Phelps and CIO James G. O'Donnell overseeing deal execution and portfolio management. Recent activity includes participation in a $45M senior secured credit facility for a renewable energy developer in Texas (per public records, 2025). Two Bridges also operates a philanthropic arm, the Two Bridges Foundation, which supports education and housing initiatives in San Antonio. Two Bridges Capital structures itself as a multi-family office that prioritizes direct deal access and co-investment relationships. Unlike some peers that manage large fund-of-funds programs, it commits capital on a deal-by-deal basis through SPVs and club deals, giving each family control over participation.
General information
Firm type
Multi Family Office
Year founded
—
AUM
Undisclosed
Location
Region
North America
Country
United States
City
San Antonio
Corporate office
San Antonio, TX, United States
Additional offices
Manchester, NH · Minneapolis, MN · Irvington, NY · Glassboro, NJ
Principals
Peter T. McKenna
Founder & CEO
Michael J. Phelps
Managing Director
James G. O'Donnell
Chief Investment Officer
Sector focus
Frequently asked questions
Who runs investment decisions at Two Bridges Capital?
Investment decisions are led by Chief Investment Officer James G. O'Donnell alongside Managing Director Michael J. Phelps, with founder and CEO Peter T. McKenna overseeing overall strategy (per public records).
Does Two Bridges Capital invest through funds or only direct deals?
Two Bridges Capital primarily does direct co-investments and special purpose vehicles, committing capital on a deal-by-deal basis. It participates alongside sponsor-backed transactions in private credit, real estate, and infrastructure (per public records).
What is Two Bridges Capital's relationship with external GPs?
The firm co-invests with external GPs in mid-market private credit and infrastructure deals. It does not typically act as a lead investor but joins syndicated credit facilities and club deals (per public filings).
Does Two Bridges Capital maintain a philanthropic structure?
Yes, it operates the Two Bridges Foundation, which focuses on education and housing initiatives in the San Antonio area. The foundation is managed separately from the investment portfolio (per the firm's official communications).
What investment stages does Two Bridges Capital target?
Two Bridges targets direct co-investments in established companies and sponsor-backed transactions. It does not focus on early-stage venture capital and typically invests in senior secured debt, commercial real estate, and infrastructure assets with stable cash flows (per public records).
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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