# Vivaldi Capital Management

Vivaldi Capital Management is a Multi Family Office based in Chicago, United States.

## Overview

- **Organization type:** Multi Family Office
- **Headquarters:** Chicago, United States
- **Region:** North America
- **Address:** 225 W. Wacker Drive Suite #2100, Chicago, IL 60606, United States
- **Founded:** 2012
- **Assets under management:** $4.6B (Altss estimate)
- **Website:** vivaldicap.com
- **LinkedIn:** https://www.linkedin.com/company/vivaldi-capital-management-lp

## Regulatory record

- **CRD number:** 160150
- **SEC file number:** 801-73024
- **Registration status:** APPROVED
- **Latest Form ADV filing:** 2026-04-17T05:00:00.000Z
- **Reports private funds:** Yes
- **Private funds reported:** 0
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/160150

## About

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. 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.

## Sectors

- Private Equity
- Hedge Funds
- Real Estate
- Private Credit

## People

- David Sternberg — Co-founder and CEO
- Randal Golden — Co-founder and CFO
- Michael Peck — President and Co-CIO

## Questions

### Who runs investment decisions at Vivaldi Capital Management?

David Sternberg serves as co-founder and CEO. Randal Golden serves as co-founder and CFO. Michael Peck serves as president and co-CIO.

### How does Vivaldi Capital Management source proprietary deal flow?

The firm leverages relationships from its founders' options market-making background. It also uses its sponsored funds and joint-venture real estate acquisitions to identify opportunities.

### Does Vivaldi Capital Management participate in fund commitments or only direct deals?

It participates in both. The firm uses fund-of-funds commitments alongside direct co-investments and SPVs in real estate and private equity.

### What investment stages does Vivaldi Capital Management typically target?

The firm targets growth and venture stages in private equity. It also engages in buyout and special situations strategies.

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

Canonical page: https://altss.com/profile/vivaldi-capital-management

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