# Walton Street Capital

Walton Street Capital is an Asset Manager based in Chicago, United States.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** Chicago, United States
- **Region:** North America
- **Address:** Chicago, IL, United States
- **Founded:** 1994
- **Assets under management:** Undisclosed
- **Website:** waltonstreet.com
- **LinkedIn:** https://www.linkedin.com/company/walton-street-capital

## Regulatory record

- **CRD number:** 147210
- **SEC file number:** 801-69403
- **Registration status:** Registered
- **Reports private funds:** Yes
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/147210

## About

Walton Street Capital is an SEC-registered investment adviser in Chicago, IL, registered since 2008. The firm manages approximately $9.8 billion in regulatory assets. It has 92 employees and 58 investment advisers.

## Sectors

- Real Estate
- Private Credit

## People

- Neil Bluhm — Co-Founder
- Barry Sternlicht — Co-Founder
- Eric Mogentale — Managing Principal
- Andrew Florance — Managing Principal

## Questions

### Who controls investment decisions at Walton Street Capital?

Managing Principals Eric Mogentale and Andrew Florance lead the investment committee, with co-founder Neil Bluhm maintaining a role in firm-level strategy. Co-founder Barry Sternlicht departed active management in the late 1990s to focus on Starwood Capital Group. The firm operates with a concentrated general-partner structure rather than separate regional investment committees.

### How does Walton Street originate its deals?

Walton Street relies primarily on its principals' long-standing relationships with property owners, lenders, and brokers across US markets and Mexico. The firm does not operate an in-house brokerage or property management arm, instead partnering with local operators post-acquisition. Its Mexico investments are sourced and underwritten centrally from Chicago.

### Does Walton Street co-invest alongside external GPs?

Yes, the firm routinely structures co-investment sidecars alongside its blind-pool funds, allowing limited partners to commit additional capital to specific deals at reduced or no promote. Public pension funds, including CalSTRS and Illinois Municipal Retirement Fund, have participated in these co-investment vehicles across Walton Street's fund series.

### What is Walton Street's posture on distressed debt?

Walton Street has a dedicated real estate debt vehicle series alongside its flagship equity funds. Its Real Estate Debt Fund II closed at $1.5 billion in 2022, focused on originating and acquiring sub-performing and non-performing commercial real estate loans across property types and US markets. This credit line complements the equity strategy by purchasing debt positions in the same asset classes the firm already underwrites.

### Which property sectors does Walton Street typically avoid?

Walton Street has historically avoided stabilized core properties in gateway markets — the fully leased trophy office towers and grocery-anchored retail centers that dominate open-end diversified core funds. The firm instead targets assets requiring capital repositioning, lease-up, or distress resolution, where the risk is operational rather than merely directional market exposure.

### How is Walton Street's Mexico platform structured?

Walton Street's Mexico investments are managed from Chicago through the same investment committee that oversees US assets, not through a local office or local operating partner. The firm was among the earliest US institutional investors in Mexico following NAFTA, building exposure across office, industrial, and hospitality properties primarily in Mexico City. Mexican investments are pooled within the flagship fund series alongside US investments.

## Related profiles

- [Weiss Peck & Greer](https://altss.com/profile/weiss-peck-and-greer)
- [Wenzhou Dongchuang Xinhui Venture Investment Management](https://altss.com/profile/wenzhou-dongchuang-xinhui-venture-investment-management)

---

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

Canonical page: https://altss.com/profile/walton-street-capital

Maintained by Altss — https://altss.com — methodology: https://altss.com/methodology