Elkstone Capital Partners
Elkstone Capital Partners is a Dublin-based private markets investment firm founded in 2011, operating an Irish venture capital fund (€100M Fund II with EIIS tax relief), a purpose-built student accommodation and housing real estate platform, and cash management services for HNW individuals, founders, institutional investors and financial advisors.
- Company typePrivate
- Founded2011
- HeadquartersDublin, Ireland
- Headcount11–50
- GTM typeB2B
- OfferingServices
What Elkstone Capital Partners does
Elkstone Capital Partners is a Dublin-based, privately-held private markets investment firm founded in 2011 that operates three core business lines: a venture capital arm (anchored by the €100M Venture Fund II offering up to 30% EIIS tax relief), a real estate development platform focused on Purpose-Built Student Accommodation (PBSA), Private Rented Sector (PRS) and housing, and a cash management service. It manages approximately €200M of venture assets across roughly 60 Irish tech-enabled companies including unicorns LetsGetChecked and Flipdish, and operates more than 1,000 PBSA beds across Ireland through assets such as Stoneybatter Place (Dublin, 142 beds), Copley Court (Cork, 265 beds), Bradbury Place (Belfast, 156 beds) and Queen Street Place (Galway, 345 beds). Investment activity is conducted through Elkstone Capital Partners Limited, with regulated portfolio management, advisory and execution services delivered via wholly-owned subsidiary Elkstone Private Advisors Limited, authorized by the Central Bank of Ireland under MiFID II since June 2014.
The firm earns revenue from a combination of recurring management fees on venture AUM, development profits and rental income from real estate assets, carried interest on portfolio exits, and fees on cash portfolios and discretionary mandates. Its go-to-market is a consultative, sales-led model directed at four segments: high net worth individuals, founders/entrepreneurs, institutional investors, and financial advisors. Distribution is augmented by institutional co-investment partnerships — notably Harrison Street (PBSA, 2023), Ireland Strategic Investment Fund (€75M commitment), Activate Capital, Atlantic Bridge, Enterprise Ireland, and the Northern Ireland Investment Fund — which lower entry barriers and provide due diligence support to Irish LPs. The real estate arm holds Fitwel 3-star and BREEAM Excellent certifications on its PBSA portfolio, and targets 1,500 student beds across Ireland's regional cities by 2028 in partnership with Harrison Street. Elkstone employs 40+ specialists across venture, real estate, compliance, and operations, with offices in Dublin and Galway, and reports no proprietary technology platform beyond an investor login portal.
Elkstone Capital Partners firmographics
Firmographics- Name
- Elkstone Capital Partners
- Legal name
- Elkstone Capital Partners Limited
- Website
- https://elkstonepartners.com
- Company type
- Private
- Founded year
- 2011
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Elkstone Capital Partners is a Dublin-based private markets investment firm founded in 2011, operating an Irish venture capital fund (€100M Fund II with EIIS tax relief), a purpose-built student accommodation and housing real estate platform, and cash management services for HNW individuals, founders, institutional investors and financial advisors.
- Ownership category
- akta.pro rank
Elkstone Capital Partners industry classification
Industry- Product category
- Private Markets Investment Management
- NAICS
- Portfolio Management and Investment Advice (52394), Portfolio Management and Investment Advice (523940), All Other Financial Investment Activities (52399)
- SIC
- Investment Advice (6282), Investors, Nec (6799)
- akta.pro primary industry
- Endowment / OCIO-Style Multi-Manager Platforms (FSANAGAG)
- akta.pro secondary industries
- Institutional Consulting RIAs (OCIO/Endowments/Foundations/Pensions) (FSAAACAG), Private Equity Fundraising Placement (FSAEALAB)
Keywords
Where Elkstone Capital Partners is headquartered
LocationHeadquarters
- HQ city
- Dublin
- HQ country
- Ireland
- HQ region
- Europe
Offices2 records
Markets served
Elkstone Capital Partners business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure, Others
Revenue model
- Venture Fund Management: Elkstone operates venture funds investing in Irish tech-enabled companies, offering investors up to 30% EIIS tax relief. Revenue generated through fund management fees and carried interest from portfolio company exits.
- Real Estate Development: Direct real estate investment opportunities in Purpose-Built Student Accommodation (PBSA) and Private Rented Sector (PRS). Returns generated through development profits, rental income, and asset appreciation.
- Cash Management Services: Custom cash portfolio management reflecting client risk and liquidity preferences, utilizing deposits, money market funds, and government bonds. Revenue through management fees based on assets under management.
- Portfolio Management: Discretionary portfolio management services under MiFID II regulations, offering reception and transmission of orders, execution of orders, investment advice, and placing of financial instruments.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Annual | Venture Fund II with EIIS tax relief |
Go-to-market motion2 records
Distribution channels3 records
Marketing channels5 records
Elkstone Capital Partners product offering
Product offeringCore offering
Elkstone Capital Partners is a Dublin-based private markets investment firm managing venture capital funds (Venture Fund II with up to 30% EIIS tax relief and a €100m target), direct real estate investments in Purpose-Built Student Accommodation (PBSA) and Private Rented Sector (PRS) across Ireland, and discretionary cash portfolio management services. The firm operates a regulated investment advisory subsidiary (Elkstone Private Advisors Limited) under MiFID II and serves HNW individuals, corporations, institutional investors, and financial advisors through dedicated relationship managers.
Product overview
Elkstone Capital Partners operates as Ireland's leading private markets investment firm, offering three core investment services: Venture Fund II (Ireland's largest early-stage venture fund with up to 30% EIIS tax relief), Real Estate investments in purpose-built student accommodation and private rented sector, and Cash Management services. The firm manages approximately €200M in venture assets across 60 portfolio companies including unicorns Flipdish and Let's Get Checked, and operates a real estate portfolio of over 1,000 PBSA beds across Ireland including Stoneybatter Place Dublin (142 beds), Copley Court Cork (265 beds), Bradbury Place Belfast (156 beds), and Queen Street Galway (345 beds under construction).
Differentiator
Problem solved
Functional benefit
Products and services
- Venture Fund II Elkstone's Venture Fund II enables investors to invest in a diversified portfolio of best-in-class Irish tech-enabled companies while availing of up to 30% EIIS (Employment and Investment Incentive Scheme) tax relief. The fund is Ireland's largest early-stage fund targeting €100m and invests in approximately 60 portfolio companies with €200M AUM, including unicorns LetsGetChecked and Flipdish.
- Real Estate Investment (Unregulated) Access to direct real estate investment opportunities focused on Purpose-Built Student Accommodation (PBSA), Private Rented Sector (PRS), and housing development across Ireland. Investments are unregulated and do not benefit from Central Bank investor compensation schemes. The real estate portfolio includes 3,000 PBSA beds and 1,200 PRS apartments in development.
- Cash Management Custom cash portfolio management reflective of client risk and liquidity preferences, enabling cash to work harder through deposits, money market funds, and government bonds. Revenue generated through management fees based on assets under management.
- Stoneybatter Place 142-bed purpose-built student accommodation in Dublin 7, operating since September 2023. First 3-star Fitwel Certified PBSA property in the Republic of Ireland. BER A2 rating. Named a finalist at the Irish Building Design Awards 2024.
- Copley Court Cork 265-bed purpose-built student accommodation in Cork, operating since 2019. Awarded Fitwel three star certification and Best in Building Health Winners 2024, recognizing excellence in health and wellbeing standards for residents.
- Bradbury Place Belfast 156-bed purpose-built student accommodation in Belfast, operating since September 2024. Fitwel three star certification for health and wellbeing standards.
- Queen Street Galway 345-bed purpose-built student accommodation under construction in Galway. 8-storey building targeting BREEAM Excellent certification. Operated by Mezzino. First of two PBSA projects in Galway, with a second 240-bed scheme targeted for September 2027. Completion scheduled for 2026.
Quantifiable outcome
- 1,000+ jobs created by Elkstone investments
- +3 more outcomes
Companies that use Elkstone Capital Partners
Customer profileNamed customers7 records
Segments4 records
Ideal customer profiles3 records
Elkstone Capital Partners technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature2 records
Elkstone Capital Partners partnerships and signals
Strategic signalPartnerships
Five partnerships are on record, tiered core and minor.
- Harrison StreetcoreGlobal real assets investment management firm partnering with Elkstone on purpose-built student accommodation in Ireland. Partnership aims to deliver 1,500 student beds across Limerick, Cork, Dublin, and Galway by 2028. Queen Street PBSA in Galway (345 beds) is the second project following Stoneybatter Place in Dublin (142 beds).
- MezzinominorUK-anchored student housing platform operating Queen Street Place PBSA in Galway. Manages the 345-bed development on behalf of the partnership.
- Land Development Agency (LDA)minorGovernment agency focused on land development. Elkstone partnership with Activate Capital and LDA mentioned as example of creative solutions for financing innovation in housing delivery.
- Digital IrishminorCommunity organization connecting Irish diaspora with Ireland's venture ecosystem. Partner helping amplify Elkstone's message to Irish professionals abroad.
- Irish Arts CenterminorCultural organization in New York serving Irish diaspora. Partner in connecting Irish professionals abroad with Ireland's startup ecosystem.
Scale indicators15 records
Recent moves6 records
Expansion highlights6 records
Elkstone Capital Partners competitors and assessment
Company assessmentDirect peers
- Atlantic Bridge: Atlantic Bridge is a European deep tech venture capital firm that is both a co-investor with Elkstone (in Output Sports, Equal1) and a peer in Irish and European tech investing. The overlap makes it a direct competitor and partner simultaneously.
- Marlet Residential: Marlet Residential is a Dublin-based residential and purpose-built student accommodation developer. It competes directly with Elkstone Real Estate in the Irish PBSA and residential development pipeline.
- Kernel Capital: Kernel Capital is an Irish venture capital manager focused on early- and growth-stage technology and life sciences investments. It shares Elkstone's profile as a domestic VC platform with fund-of-funds partnerships and institutional co-investors.
- Frontline Ventures: Frontline Ventures is an Irish early-stage venture capital firm investing in European and US B2B software startups. Like Elkstone, it operates a dedicated Irish-rooted platform serving HNW and institutional investors seeking exposure to tech-enabled companies.
- Act Venture Capital: Act Venture Capital is one of Ireland's longest-standing venture capital firms, operating government-backed and private funds targeting early-stage Irish technology companies. It is directly comparable to Elkstone's venture fund business in terms of stage, geography, and investor base.
Broad incumbents
- Goodbody: Goodbody is one of Ireland's leading stockbroking and wealth management firms, offering investment advisory and asset management to HNW and institutional clients. It overlaps with Elkstone's wealth advisory and discretionary portfolio management lines.
- Stonehage Fleming: Stonehage Fleming is an international multi-family office and wealth advisory firm serving ultra-high-net-worth families. It is broadly comparable to Elkstone's multi-family office model, though operating at much larger scale and with a global footprint.
- Davy: Davy is an Irish wealth management, capital markets, and investment advisory firm serving private clients, corporations, and institutions. It competes with Elkstone for HNW private wealth allocations and offers adjacent private market access.
- Glenveagh Properties: Glenveagh Properties is a publicly listed Irish homebuilder and apartment developer. While broader in scope and publicly traded, it competes with Elkstone Real Estate in the Irish PRS and apartment development market.
- Cantor Fitzgerald Ireland: Cantor Fitzgerald Ireland is a wealth management and institutional brokerage with a strong HNW private client franchise in Ireland. It provides comparable discretionary portfolio management and investment advisory services to Elkstone Wealth.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks6 records
Key highlights6 records
Customer concentration
Elkstone Capital Partners social profiles
Digital presenceElkstone Capital Partners compliance and trust
Trust signalCompliance8 records
Elkstone Capital Partners financial estimates
Financial estimateRevenue estimate
Valuation estimate
Elkstone Capital Partners leadership team
Management profileNumber of profiles
Profiles8 records
Elkstone Capital Partners subsidiaries and ownership
Company hierarchySubsidiaries2 records
Elkstone Capital Partners funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Elkstone Capital Partners M&A and investment
M&A and investmentM&A
Investments93 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Elkstone Capital Partners
What does Elkstone Capital Partners do?
Elkstone Capital Partners is a Dublin-based private markets investment firm managing venture capital funds (Venture Fund II with up to 30% EIIS tax relief and a €100m target), direct real estate investments in Purpose-Built Student Accommodation (PBSA) and Private Rented Sector (PRS) across Ireland, and discretionary cash portfolio management services. The firm operates a regulated investment advisory subsidiary (Elkstone Private Advisors Limited) under MiFID II and serves HNW individuals, corporations, institutional investors, and financial advisors through dedicated relationship managers.
Is Elkstone Capital Partners a public or private company?
Elkstone Capital Partners is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Elkstone Capital Partners founded?
Elkstone Capital Partners was founded in 2011. It employs 11 to 50 people.
Where is Elkstone Capital Partners based?
Elkstone Capital Partners is headquartered in Dublin, Ireland, in the Europe region.
How does Elkstone Capital Partners make money?
Four revenue lines are on record. Venture Fund Management is the primary driver. The others are real Estate Development, cash Management Services and portfolio Management.
Who are Elkstone Capital Partners's main competitors?
Direct peers on record are Atlantic Bridge, Marlet Residential, Kernel Capital, Frontline Ventures and Act Venture Capital. Broad incumbents are Goodbody, Stonehage Fleming, Davy, Glenveagh Properties and Cantor Fitzgerald Ireland.
Does Elkstone Capital Partners have an API?
No public API is recorded for Elkstone Capital Partners.
What industry is Elkstone Capital Partners in?
Elkstone Capital Partners's product category is Private Markets Investment Management. Its primary akta.pro industry code is FSANAGAG, Endowment / OCIO-Style Multi-Manager Platforms, with a secondary code of FSAAACAG, Institutional Consulting RIAs (OCIO/Endowments/Foundations/Pensions). Its NAICS code is 52394 and its SIC code is 6282.