Cumming Capital Management

What Cumming Capital Management does

Cumming Capital Management (legal entity: Cumming Management Company, L.C.) is a private single-family office founded in 2008 by Ian Cumming and his sons John and David Cumming to manage and grow the Cumming family estate. Headquartered at 529 East South Temple Street in Salt Lake City, Utah, with a second office in Jackson, Wyoming, the firm invests across a broad range of asset classes — direct private equity, private credit, real estate, and public markets — on behalf of a single-family principal.

The firm operates five integrated investment vehicles: direct equity investments (minority to 100% ownership with board participation), credit services (lines of credit, mezzanine debt, long-term loans, letters of credit), real estate equity and lending, customized public-market portfolios, and partnerships with third-party managers for specialized exposure. Its disclosed private-equity portfolio includes Powdr (11 ski resorts across the U.S. and Canada), Breeze Airways, Divvy, Crimson Wine Group, Snowbird, and others; the real-estate portfolio spans hospitality assets such as Marriott Provo, The Hedges Inn, Huff House Inn, The Citizen SLC, and Hotel Eleanor; private credit exposure includes Monaco Enterprises.

Commercially, Cumming Capital Management is not a scalable asset manager — it has no external AUM, no fee-based revenue model, and no marketing function. Deal flow originates from an ever-expanding global network of family offices, industry leaders, and third-party managers, supplemented by a formal inbound inquiry form on its portfolio page. The leadership team comprises family members on the Investment Committee (John Cumming as Co-Chairman, David Cumming), professional managers (Matt Ireland as Co-CEO and Managing Director, Paul Rowsey as Independent Advisor, Colby Rollins), and a small back office led by CFO Cathy Handley. Revenue, AUM, and ownership economics are not publicly disclosed.

Name

Cumming Capital Management

Legal name

Cumming Management Company, L.C.

Website

https://cummingcapital.com

Company type

Private

Founded year

2008

Operating status

Operating

Headcount range

1–10 employees

Short description

Cumming Capital Management is a private single-family office founded in 2008 that manages the Cumming family estate across direct private equity, credit, real estate, and public markets. It co-invests selectively with other family offices globally and holds a diversified portfolio including ski resorts, airlines, fintech, and hospitality assets.

Ownership category

akta.pro rank

Product category

Family Office Investment Management

NAICS

Portfolio Management and Investment Advice (523940), Funds, Trusts, and Other Financial Vehicles (525)

SIC

Investors, Nec (6799), Investment Advice (6282)

akta.pro primary industry

Real Estate Portfolio & Fund Management (Institutional/REIT/PE) (BPAJAMAJ)

akta.pro secondary industries

Real Estate Capital Markets Brokerage (Debt & Equity Placement) (FSAEAJAK), Venture Debt Providers (FSANAAAL)

Keywords

• Family office services
• Private equity investments
• Wealth management
• Private credit lending
• Real estate investing

Headquarters

HQ city

Salt Lake City

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Others

Revenue model

1. Private Equity Returns: Returns from direct equity investments in private companies, ranging from minority positions to 100% equity purchases, including strategic management and board participation services.
2. Credit Services: Lines of credit for growth and working capital, mezzanine debt, long-term loans, letters of credit, and guarantees on financing to facilitate business growth.
3. Real Estate Investments: Equity and lending options for real estate participation as minority partner or financing entire real estate projects.
4. Public Markets Investments: Customized portfolios of industry-specific funds, individual stock, and bond purchases for wealthy families seeking diversification.
5. Third-Party Manager Partnerships: Partnerships with third-party managers who provide distinct portfolio exposure and deep industry expertise.

Go-to-market motion2 records

Distribution channels1 record

Marketing channels3 records

Core offering

Cumming Capital Management is a single-family office that manages the Cumming family estate through five integrated investment services: direct equity investments (minority to 100% ownership in private companies), credit services (lines of credit, mezzanine debt, loans, letters of credit), real estate investments (equity and lending), public markets investments (customized portfolios of funds, stocks, and bonds), and third-party manager partnerships for distinct portfolio exposure. The firm deploys patient capital across private equity, real estate, and private credit with a long-term, multi-generational wealth horizon.

Product overview

Cumming Capital Management is a single-family office offering a unified suite of investment management services rather than a software product platform. The core offering encompasses five integrated investment services: Direct Equity Investments (partnering with private companies from minority to full ownership), Credit Services (lines of credit, mezzanine debt, loans, letters of credit), Public Markets Investments (customized portfolios of funds and securities), Real Estate Investments (equity and lending participation), and 3rd Party Managers partnerships. The firm manages a diversified portfolio spanning three main categories—Private Equity (companies like Powdr, Snowbird, Breeze Airways), Real Estate (hospitality properties including Marriott Provo, The Hedges Inn), and Private Credit (Monaco Enterprises).

Differentiator

Problem solved

Functional benefit

Products and services

• Direct Equity Investments Direct equity investment service where Cumming Capital partners with private companies, ranging from minority positions to 100% equity purchases, with strategic management involvement, board participation, and consulting services.
• Credit Services Credit offerings including lines of credit for growth and working capital, mezzanine debt, long-term loans, letters of credit, and financing guarantees to facilitate business growth.
• Real Estate Investments Real estate investment participation as minority partners or financiers of entire projects, offering a mix of equity and lending options across hospitality and commercial properties.
• Public Markets Investments Customized portfolio construction of industry-specific funds, individual stocks, or bond purchases for wealthy families seeking traditional investment diversification.
• Third-Party Manager Partnerships Partnership with third-party managers who provide deep industry expertise and distinct portfolio exposure when broader investment strategies are desired beyond the firm's internal capabilities.

Named customers2 records

Segments2 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.

• Industry LeaderscoreStrategic or Co-development PartnerThe firm partners with industry leaders throughout the world, investing in growing businesses across various sectors including ski resorts, aviation, precision manufacturing, and hospitality.
• Third-Party ManagersminorStrategic or Co-development PartnerWhen broader investment strategy is desired, Cumming partners with third-party managers who have deep industry expertise and provide distinct portfolio exposure.

Scale indicators4 records

Recent moves6 records

Expansion highlights5 records

Emerging players

• Presidio Wealth Partners: Multi-family office serving HNW and UHNW families with investment advisory, alternative investments, and family-office services. Comparable in providing diversified investment solutions to family clients.
• GenSpring Family Offices: Multi-family office platform providing investment management, trust, and family governance services to HNW families. Comparable as a wealth-management platform serving family estates.
• Makena Capital Management: Multi-family investment office serving ultra-high-net-worth families, with focus on alternative investments and long-duration capital pools. Comparable mandate structure to CCM.

Direct peers

• Pitcairn: Multi-generational single-family office that evolved from the Pew family fortune, offering integrated wealth, trust, and direct-investing services. Closely comparable to CCM as a single-family office managing diversified investments across asset classes.
• Iconiq Capital: Multi-family office serving founders and technology wealth with direct investing across private equity, credit, and real estate — mirroring CCM's direct-equity-plus-credit-plus-real-estate platform model.
• Soros Fund Management: Family office managing George Soros's wealth via a multi-strategy, multi-asset investment platform with discretion to deploy across global markets and private opportunities.
• Cascade Investment: Bill Gates' single-family office managing a globally diversified portfolio across public and private markets, real estate, and operating companies. Directly comparable as a single-family office with patient capital and broad asset-class mandate.

Broad incumbents

• Brown Brothers Harriman (Family Office Services): Long-standing private bank and trust company offering comprehensive family-office, custody, and investment services to U.S. family wealth. Comparable in serving multi-generational family wealth with integrated investment capabilities.
• Cambridge Associates: Investment-advisory and portfolio-construction firm serving endowments, foundations, and wealthy families. Comparable to CCM in advising on multi-asset portfolios including private equity, credit, and real estate.
• Bessemer Trust: Large multi-family office providing wealth management, investment advisory, and family-office services to ultra-high-net-worth families. Directly comparable to CCM in serving single-family wealth needs, though at far greater scale and breadth.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

Compliance6 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Funding overview

Funding rounds

Investors

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

M&A

Investments2 records

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

Frequently asked questions about Cumming Capital Management