Vivaldi Capital Management

Vivaldi Capital Management

Vivaldi Capital Management was established in 2012 by David Sternberg and Randal Golden. The co-founders built the firm on capital generated from options market-making at the CBOE and subsequent hedge fund activities. It functions as a multi-family office headquartered in Chicago that provides integrated investment management and private-market access. The firm allocates across private equity, hedge funds, real estate, and private credit. It maintains exposure through fund-of-funds structures, direct co-investments, and secondaries. Confirmed holdings include positions in IBIT Bitcoin ETF and multiple Upper East Side residential properties acquired via joint ventures such as The Monarch and Trafalgar House. Geographic reach covers North America and Asia, with real estate activity concentrated in New York and Chicago. Assets under management stand at $4.6 billion. The firm maintains a Chicago headquarters and has completed acquisitions including Cornerstone Wealth Management in 2020. It participates in industry events such as the Markets Group Family Office Forum. October 2025: retained PL Advisors to explore a sale. Vivaldi maintains a hybrid structure that combines multi-family office services with its own sponsored vehicles including the Vivaldi Multi-Strategy Fund and Vivaldi Merger Arbitrage Fund. This architecture allows the firm to serve external families while retaining full ownership of its core operating businesses.