# WaveDivision Capital

WaveDivision Capital is an Asset Manager based in Kirkland, United States.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** Kirkland, United States
- **Region:** North America
- **Address:** 135 Lake Street South, Suite 1000, Kirkland, WA, 98033, United States
- **Founded:** 2003
- **Assets under management:** Undisclosed
- **Website:** www.wavedc.com
- **LinkedIn:** https://www.linkedin.com/company/wavedivision-capital
- **Wikidata:** Q113575883

## Regulatory record

- **Reports private funds:** No

## About

WaveDivision Capital is a private investment firm focused on the broadband industry. It has made two investments, including a private equity investment in Mereo Networks on December 08, 2023. The firm has one portfolio exit, Ziply Fiber, which occurred on November 04, 2024.

## Sectors

- Infrastructure
- Telecommunications
- Real Estate

## People

- Steve Weed — Founder and CEO
- Harold Zeitz — Managing Director; CEO of Ziply Fiber
- Wayne Schattenkerk — Managing Director; former CFO of Wave Broadband

## Questions

### Who runs investment decisions at WaveDivision Capital?

Founder and CEO Steve Weed sets investment strategy, drawing on his experience as the long-time CEO of Wave Broadband. He is joined by Managing Directors Harold Zeitz and Wayne Schattenkerk, both Wave Broadband alumni. The three principals form a tight decision-making group — Zeitz simultaneously operates as CEO of Ziply Fiber, the firm's largest portfolio company, giving WDC direct operational oversight of its principal asset.

### What asset classes does WaveDivision Capital target?

Broadband infrastructure — fiber networks, cable systems, and related real assets — forms the core of WDC's portfolio. The firm also reviews venture-stage technology and telecommunications opportunities, though its balance-sheet commitments are overwhelmingly concentrated in control-oriented infrastructure deals. Geographically, WDC focuses on the Pacific Northwest and, through its relationship with The Pritzker Organization on Hargray Communications, has extended into the Southeastern United States.

### What is the relationship between WaveDivision Capital and Ziply Fiber?

WDC created Ziply Fiber in 2020 from the acquired Frontier Northwest assets and remains its controlling shareholder alongside Searchlight Capital Partners. WDC Managing Director Harold Zeitz serves as Ziply's CEO, making Ziply an operating company managed directly by WDC's leadership rather than by a separate portfolio-company executive team. WDC's Kirkland headquarters sits roughly two miles from Ziply's own offices.

### What was Steve Weed's career before WaveDivision Capital?

Weed spent roughly fifteen years as CEO of Wave Broadband, a Kirkland-based cable and internet provider he grew from a single system into a regional operator with 450,000 subscribers across Washington, Oregon, and Northern California. He sold Wave Broadband in 2018 and founded WaveDivision Capital shortly thereafter, bringing several senior Wave Broadband executives with him to build an investment firm focused on the same sector.

## Related profiles

- [Wavecrest Growth Partners](https://altss.com/profile/wavecrest-growth-partners)
- [WAVE Equity Partners](https://altss.com/profile/wave-equity-partners)

---

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

Canonical page: https://altss.com/profile/wavedivision-capital

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