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XO Capital
XO Capital was established in 2022 by Adam Stern, Jason Oclaray and Tim Decilveo. The three had previously worked together at Goldman Sachs. Their combined...
XO Capital
XO Capital was established in 2022 by Adam Stern, Jason Oclaray and Tim Decilveo. The three had previously worked together at Goldman Sachs. Their combined experience informs a multi-family office that addresses estate planning, operating-company governance and diversified investment programs for client families. The firm allocates across private equity, real estate, distressed situations and digital assets. It also runs alternative venture structures and workflow-automation exposures. Geographic reach covers North America and Europe. Confirmed holdings and mandates include the XO Generation Fund and the Scorpius 171 commercial property in Hoofddorp, Netherlands. Co-investors range from other family offices to industrial partners. Team size and office count remain undisclosed. In 2026 Angeles Wealth Management acquired XO Capital. Angeles Family Office and Angeles Wealth Management now supply additional professionals, including Kate Flume and Marta Ferro, who oversee mission-related investing. The combined platform continues to serve the original client families. The acquisition created a hybrid structure in which XO Capital retains its investment mandate while gaining access to Angeles Wealth Management’s philanthropic and operating-company services. This arrangement separates investment decisions from the broader wealth-management relationship.
General information
Firm type
Multi Family Office
Year founded
2022
AUM
187 (Altss estimate)
Location
Region
Europe
Country
United States
City
Los Angeles
Corporate office
Los Angeles, CA, United States
Principals
Adam Stern
Managing Partner
Jason Oclaray
Managing Partner
Tim Decilveo
Managing Partner and CIO
Sector focus
Frequently asked questions
Who runs investment decisions at XO Capital?
Adam Stern, Jason Oclaray and Tim Decilveo serve as managing partners. Tim Decilveo holds the additional title of chief investment officer.
How is XO Capital related to Angeles Wealth Management?
Angeles Wealth Management acquired XO Capital in 2026. The transaction integrated XO Capital into the Angeles platform while preserving its separate investment mandate.
Does XO Capital participate in fund commitments or only direct deals?
The firm executes both fund commitments and direct investments. It also sponsors the XO Generation Fund and structures co-investments with external family offices and institutions.
Which sectors does XO Capital target?
Confirmed focuses include distressed and turnaround situations, AI/ML, enterprise software, private equity and real estate.
Where does XO Capital invest geographically?
The firm maintains exposure in North America and Europe. One disclosed real-estate holding is Scorpius 171 in Hoofddorp, Netherlands.
What is the background of the founding principals?
Adam Stern, Jason Oclaray and Tim Decilveo each held managing-director roles at Goldman Sachs before launching XO Capital in 2022.
Does XO Capital maintain philanthropic structures?
Through its affiliation with Angeles Wealth Management, the firm supports a mission-related investing program led by Marta Ferro.
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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