Family Offices in Seattle

Acuitas Investments, LLC is an investment management firm specializing in identifying unique investment opportunities within inefficient global small and microcap markets. The firm employs a multi-manager approach across its strategies, which include U.S. Microcap, Small Cap, International Small Cap, and Emerging Markets Small Cap equities. Their investment philosophy is rooted in the belief that certain markets are inherently less efficient, offering skilled investment managers the opportunity to generate best-in-class returns.Founded in 2011 by Christopher D. Tessin and Dennis Jensen, Acuitas Investments was established on the core principles of exceptional research, a commitment to investment excellence, and superior client service. The firm's partners are invested alongside their clients, ensuring alignment of interests. They emphasize the importance of dedicated resources for identifying and monitoring early life-cycle, high-conviction investment managers, particularly in less efficient market segments.While Acuitas Investments primarily focuses on managing multi-manager funds, their portfolio holdings, as disclosed in SEC filings, have included public equities such as RADCOM Ltd., Solaris Oilfield Infrastructure, Inc., Marchex, Inc., Silicom Ltd., and Alpha and Omega Semiconductor Limited. The firm's research approach is fundamentally based, forward-looking, and supplemented by quantitative analysis, with a focus on robust idea generation and deep qualitative research into investment teams.The leadership team includes founders Christopher D. Tessin, who serves as Managing Partner and Lead Portfolio Manager, and Dennis Jensen, who is a Partner and the Director of Research. Both have extensive backgrounds in asset management and investment research, including significant tenures at Russell Investments. Other key team members include Doug Porter, Senior Research Analyst and Portfolio Manager for international and emerging markets small cap portfolios, Lisa Thenell, Chief Compliance Officer and Chief Operating Officer, and Matt Nieman, Portfolio Manager for U.S. Microcap portfolios and Senior Research Analyst.

Vulcan Capital was the multi-billion dollar investment arm of Vulcan Inc., the company founded by Microsoft co-founder and philanthropist Paul G. Allen. Established in 2003, the firm was dedicated to generating long-term value appreciation across a diverse portfolio. It operated with a flexible, entrepreneur-friendly approach, investing in both private and public companies with a long-term investment horizon. The firm's investment strategies spanned various stages of corporate development, including early-stage venture capital, growth capital, leveraged buyouts, distressed/turnaround situations, acquisitions, special situations, and public equity value investing.The firm's investment focus was broad, encompassing sectors such as media and communications, energy and natural resources, financial and information services, technology, and life sciences. Vulcan Capital also showed interest in internet, big data, sustainability, healthcare, and real estate. With headquarters in Seattle, Washington, and additional offices in Palo Alto, California, and Singapore, Vulcan Capital maintained a global reach, partnering with category-leading companies worldwide. Notable investments included stakes in companies like Alibaba, Uber, Spotify, Epic Games, Dataminr, Pioneer Square Labs, and Wildlife Studios.In January 2022, Vulcan Capital underwent a significant transformation, spinning off and rebranding as Cercano Management. This new entity continues to manage the investment assets of the Paul G. Allen estate and the Paul G. Allen Family Foundation, while also expanding its investor base to include ultra-high-net-worth individuals, families, and charitable organizations. Cercano Management maintains a focus on fostering innovation across a wide range of sectors, including healthcare, information technology, internet of things, life science, and SaaS.Cercano Management, based in Bellevue, Washington, operates with a multi-disciplinary approach to investment selection, utilizing various securities and transaction structures. The firm offers distinct investment strategies covering venture capital, public equity, private equity, private credit, and LP funds. Its team comprises experienced professionals dedicated to guiding partners through the complexities of the investment landscape to achieve sustainable growth.