What Off Road Capital Partners does

Off Road Capital Partners is a New York City-based private investment firm founded in 2016 by Robert Kramer and Gideon King. The firm invests $20-50 million per transaction in atypical, idiosyncratic private companies, business models, and markets that are misunderstood by traditional investors or exhibiting substantial growth, with holding periods of 2-10+ years. Off Road deploys patient, flexible capital in the form of debt, preferred equity, straight equity, and contractual cash flow instruments, with a particular specialization in tax-advantaged Opportunity Zone investments in operating businesses and real estate. The firm's capital base comprises large family offices, institutional investors, and high net worth individuals from the private equity and hedge fund world, sourced through the founders' personal networks built across decades at prior firms including Altitude Capital Partners, Loeb King Capital Management, Fortress, and Merrill Lynch.

The firm's portfolio spans highly diversified operating businesses and special situations, including the Pacific Park amusement park on Santa Monica Pier (28-year lease, 4 million annual visitors), Iron Mountain Hot Springs and Glenwood Caverns Adventure Park in Colorado, the WorldSprings urban wellness platform, North American Helium in Saskatchewan, the Permian Basin water services company Junction, music streaming platform Audiomack (12M+ users), and the Poth Brewery Lofts real estate redevelopment in Philadelphia. In 2025, Off Road expanded into AI-focused investments by co-founding AI x IA, a joint venture with Commonwealth Asset Management, which led a $14 million seed round in AI-native consumer intelligence platform Merciv.

Revenue mechanics derive from appreciation of portfolio companies and assets, capital gains from exits, and income from private investments, real estate, and special situations, compounded at attractive after-tax rates over long periods. The firm does not publicly disclose management fees, carried interest, or AUM. Distribution is conducted entirely through direct, relationship-driven outreach to qualified investors and business owners, with no mass-market marketing or third-party distribution channels.

Name

Off Road Capital Partners

Legal name

Off Road Capital Management LLC

Website

https://offroadcapitalpartners.com

Company type

Private

Founded year

2016

Operating status

Operating

Headcount range

1–10 employees

Short description

Off Road Capital Partners is a New York-based private investment firm founded in 2016 that deploys $20-50 million of patient capital into atypical and idiosyncratic private companies, Opportunity Zone ventures, and special situations for family offices, institutional investors, and high net worth individuals.

Ownership category

akta.pro rank

Product category

Private Investment Management

NAICS

Other Investment Pools and Funds (5259), Funds, Trusts, and Other Financial Vehicles (525)

SIC

Investors, Nec (6799)

akta.pro primary industry

Real Estate Funds — Opportunistic / Development (FSANAEAI)

Keywords

• Private investment management
• Opportunity zone investing
• Private equity placement
• Family office capital
• Special situations investing

Headquarters

HQ city

New York

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Infrastructure, Others

Revenue model

1. Investment Returns: Off Road Capital generates returns through appreciation in value of portfolio companies and assets, capital gains from exits, and income from investments in private companies, real estate, and special situations. The firm compounds capital at attractive after-tax rates of return over long periods of time.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels1 record

Core offering

Off Road Capital Partners is a private investment firm that deploys $20-50 million of patient capital into atypical, idiosyncratic, and misundersood private companies, real estate, and special situations over 2-10+ year horizons. The firm structures creative capital solutions including debt, preferred equity, straight equity, and contractual cash flow instruments, and specializes in tax-advantaged Opportunity Zone investments in operating businesses. Its investor base comprises large family offices, institutional investors, and high net-worth individuals sourced through the founders' extensive private equity and hedge fund networks.

Product overview

Off Road Capital Partners is a private investment firm that offers investment management services to family offices, investing institutions, and high net-worth individuals. The firm focuses on private/illiquid assets that are idiosyncratic and less correlated to traditional asset classes. The firm provides capital solutions with investment sizes of $20-50 million across 2-10+ year durations, including debt, preferred equity, straight equity, and contractual cash flow instruments. The company manages a diversified portfolio of portfolio companies including amusement parks (Pacific Park, Glenwood Caverns Adventure Park), hot springs and wellness (Iron Mountain Hot Springs, WorldSprings, Zion Hot Springs), natural resources (North American Helium, Junction), entertainment (Audiomack), real estate (Poth Brewery Lofts), and various other special situations including self-storage, spectrum licenses, energy assets, and litigation financing.

Differentiator

Problem solved

Functional benefit

Products and services

• Private Investment Management Customized capital solutions for atypical and idiosyncratic companies, business models, and markets, with investment sizes of $20-50 million deployed over 2-10+ year durations via debt, preferred equity, straight equity, and contractual cash flow instruments. Targeted at family offices, institutional investors, and high net-worth individuals seeking exposure uncorrelated to traditional asset classes.
• Opportunity Zone Investments Tax-advantaged Qualified Opportunity Fund investments in operating companies and real estate ventures, structured to deliver temporary deferral of capital gains taxes, basis step-up for 5-7 year holds, and permanent exclusion of taxable income on new gains after 10+ years. Targeted at investors with capital gains seeking after-tax compounding and operating businesses needing patient capital.
• Pacific Park Portfolio investment in an iconic amusement park on the Santa Monica Pier with 4 million annual visitors, operated through net cash flow rights under 28-year leases.
• Iron Mountain Hot Springs Portfolio investment in a developed hot spring facility in Glenwood Springs, Colorado with 300,000+ annual visitors, structured as an Opportunity Zone transaction with capacity for expansion.
• WorldSprings Portfolio investment in an urban social and wellness concept bringing inspired mineral pool hot spring experiences to cities across the U.S., with first site in the Dallas area.
• North American Helium Portfolio investment in a pure-play helium exploration and production company holding the world's largest contiguous helium land position in Saskatchewan, Canada, representing the first major helium discovery in North America in 45 years.
• Audiomack Portfolio investment in a music streaming platform with 12 million+ active users serving hip-hop, afrobeat, EDM, Latin, and pop music markets across developing nations.
• Glenwood Caverns Adventure Park Portfolio investment in a mountaintop amusement park accessed by gondola in Glenwood Springs, Colorado, featuring six thrill rides at 7,000 feet and access to nationally acclaimed caves descending 15 stories underground.
• Junction Portfolio investment in a Permian Basin water services company producing freshwater and saltwater disposal services, owning approximately 2,500 net surface acres with developed water infrastructure and an unlevered, high-margin profile.
• Poth Brewery Lofts Portfolio investment in a multi-family development project in Brewerytown, Philadelphia redeveloping a historic brewery into rental units and retail space, structured as an Opportunity Zone transaction with historical tax credits.
• Zion Hot Springs Portfolio investment in a natural hot spring facility in La Verkin, Utah, 25 minutes from Zion National Park, on a 15-acre site with access to natural hot spring water via 75-year water lease.
• Self Storage Portfolio Portfolio investment acquiring and aggregating a portfolio of family-run self storage facilities across the U.S.
• Energy Leasehold Interests and Mineral Rights Portfolio financing for the acquisition of leasehold interests and mineral rights in core basins across the U.S., positioned for sale to larger competitors.
• International Litigation and Arbitration Financing Portfolio financing of international litigation and arbitration claims against sovereign entities.
• TV and Film Production Tax Credit Financing Portfolio financing of production tax credits and content distribution services for various streaming platforms.
• Spectrum License Acquisitions Portfolio acquisition of low-band spectrum licenses across different markets in the U.S.

Quantifiable outcome

• 12.35% net IRR with 6.49% volatility
• +3 more outcomes

Named customers10 records

Segments4 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Two partnerships are on record, tiered core and minor.

• Steve BeckleycoreStrategic or Co-development PartnerFounder of Iron Mountain Hot Springs who partnered with Off Road in February 2021 to create WorldSprings, bringing urban hot spring experiences to cities across the U.S. Also partnered on Zion Hot Springs development in La Verkin, Utah.
• Local Real Estate Developer (Poth Brewery)minorStrategic or Co-development PartnerOff Road partnered with a leading local real estate developer to redevelop a historic brewery into multi-family development in Philadelphia Brewerytown. Structured as OZ transaction.

Scale indicators9 records

Recent moves5 records

Expansion highlights5 records

Emerging players

• Stellex Capital Partners: Stellex is a lower-middle-market private equity firm that invests in industrial and business services companies — comparable to Off Road in deploying flexible, control-oriented capital into non-headline-grabbing businesses at similar check sizes.

Direct peers

• Gryphon Investors: Gryphon is a lower middle-market private equity firm co-founded by Off Road advisory board member Nick Orum that completes control acquisitions in business services and healthcare — a comparable lower-middle-market PE model where Off Road's principals/affiliates have deep operating familiarity.
• Altitude Capital Partners: Altitude Capital Partners is the IP-focused private investment firm previously founded by Off Road co-founder Robert Kramer; it pioneered intellectual property as an asset class with top-decile returns and is highly comparable in its atypical-asset-class mandate.
• Loeb King Capital Management: Loeb King Capital Management is the multi-strategy asset management firm previously run by Off Road co-founder Gideon King, which managed up to $1.4B AUM with a 12.35% net IRR; it shares Off Road's roots in idiosyncratic, multi-strategy alternative investing.
• Iridian Asset Management: Iridian Asset Management is a $4.7B mid-cap equity and alternatives manager co-founded by Off Road advisory board member David L. Cohen, offering a comparable active, conviction-driven alternative-investing platform with institutional roots.
• Lincoln Avenue Capital: Lincoln Avenue Capital is an affordable housing investment firm managed by Jeremy Bronfman, a member of Off Road's advisory board; both deploy tax-advantaged, patient capital into real assets in underserved markets, sharing a structurally similar investor base and underwriting approach.
• Commonwealth Asset Management: Commonwealth is an alternatives platform in global macro and real estate founded by Off Road advisory board member Adam Fisher, and co-founded the AI x IA JV with Off Road — making it a direct strategic peer and capital partner in idiosyncratic private investments.
• EJF Capital: EJF Capital is a specialty alternative asset manager focused on niche, regulatory-driven opportunities across real estate, financial services, and venture — directly comparable to Off Road's thesis of investing in overlooked, structurally constrained situations.
• CIM Group: CIM Group is a real assets and OZ-focused alternative investment manager deploying patient capital into operating businesses, real estate, and infrastructure — closely aligned with Off Road's strategy of using OZ tax structures and long-duration capital in non-traditional situations.

Broad incumbents

• Soros Fund Management: Soros Fund Management is a multi-strategy alternatives platform where advisory board member Adam Fisher previously led macro and real estate; while vastly larger, it shares Off Road's appetite for unconventional, multi-strategy private and alternative bets.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/off-road-capital-partners

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments4 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Off Road Capital Partners