Mandrake Capital Partners
Mandrake Capital Partners is a partner-owned real estate principal investing firm deploying equity and debt capital across commercial real estate for institutional investors and family offices, primarily through Mandrake Capital Real Estate Fund II, LP, with a focus on opportunistic acquisitions and a scaled build-to-rent platform.
- Company typePrivate
- Founded2019
- HeadquartersNew York, United States
- Headcount11–50
- GTM typeB2B
- OfferingServices
What Mandrake Capital Partners does
Mandrake Capital Partners, LLC is a partner-owned real estate principal investing firm founded in 2019 and headquartered in New York with a regional office in Charlotte, North Carolina. The firm deploys differentiated equity and debt capital across the commercial real estate universe — including office, multifamily, retail, industrial, hotel, senior assisted living, self-storage, student housing, master-planned communities, and build-to-rent — on behalf of institutional investors and family offices through commingled funds (currently Mandrake Capital Real Estate Fund II, LP), predecessor vehicles, and joint ventures. Mandrake's investment approach emphasizes unlocking hidden value, nimbleness in execution, and direct partner involvement in sourcing, underwriting, managing, and monetizing each transaction.
The firm's product surface is concentrated in three operating lines: opportunistic acquisitions (illustrated by trophy transactions such as The Laurel on Rittenhouse Square in Philadelphia, the Soho Warehouse redevelopment in the Los Angeles Arts District, and the Beverly Hills BMW ground lease), a scaled Build-to-Rent platform controlling more than 5,000 single-family rental lots across Mid-Atlantic and Sun Belt markets, and structured debt/equity solutions across capital structures. There is no proprietary technology platform, app, API, or data product disclosed; the firm's capabilities are entirely people- and relationship-driven, supported by a 24-person team whose investment professionals average 25 years of industry experience and whose Managing Partners previously co-led US real estate at York Capital Management.
Mandrake's business model is classic private equity real estate fund management: capital is raised from institutional investors and family offices into limited partnership vehicles, deployed into direct real estate investments and JVs, and monetized through sale, refinance, or recapitalization, with revenue derived from management fees on committed/invested capital and, when applicable, carried interest on realizations. The go-to-market is direct relationship-based enterprise sales to a small LP base, with no public marketing channel beyond the corporate website, no disclosed pricing, and no third-party distribution. The firm has no parent company, no institutional PE backing, and concentrates ownership among the three founding Managing Partners.
Mandrake Capital Partners firmographics
Firmographics- Name
- Mandrake Capital Partners
- Legal name
- Mandrake Capital Partners, LLC
- Website
- https://mandrakecapital.com
- Company type
- Private
- Founded year
- 2019
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Mandrake Capital Partners is a partner-owned real estate principal investing firm deploying equity and debt capital across commercial real estate for institutional investors and family offices, primarily through Mandrake Capital Real Estate Fund II, LP, with a focus on opportunistic acquisitions and a scaled build-to-rent platform.
- Ownership category
- akta.pro rank
Mandrake Capital Partners industry classification
Industry- Product category
- Real Estate Investment Management
- NAICS
- Other Financial Investment Activities (5239), Other Investment Pools and Funds (5259), Portfolio Management and Investment Advice (52394), Real Estate Credit (522292)
- SIC
- Real Estate Dealers (For Their Own Account) (6532), Investors, Nec (6799), Real Estate Agents & Managers (For Others) (6531)
- akta.pro primary industry
- Real Estate Portfolio & Fund Management (Institutional/REIT/PE) (BPAJAMAJ)
- akta.pro secondary industries
- Real Estate Debt & Mortgage Strategies (FSAAAKAC), Capital Markets Advisory (Equity Placement, JV & Recapitalization) (BPAJABAL)
Keywords
Where Mandrake Capital Partners is headquartered
LocationHeadquarters
- HQ city
- New York
- HQ country
- United States
- HQ region
- North America
Offices2 records
Markets served
Mandrake Capital Partners business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales
Revenue model
- Real Estate Investment Management: Mandrake generates returns through principal investing in commercial real estate, deploying equity and debt capital across various property types. The firm currently manages Mandrake Capital Real Estate Fund II, LP along with predecessor investment vehicles and joint ventures.
Go-to-market motion1 record
Distribution channels1 record
Marketing channels1 record
Mandrake Capital Partners product offering
Product offeringCore offering
Mandrake Capital Partners is a partner-owned principal investing firm that deploys equity and debt capital into commercial real estate on behalf of institutional investors and family offices. The firm actively manages Mandrake Capital Real Estate Fund II, LP and predecessor investment vehicles and joint ventures, with portfolio exposure spanning office, multifamily, retail, industrial, hotel, senior assisted living, self-storage, student housing, build-to-rent communities, and master-planned communities. Representative activity includes controlling over 5,000 build-to-rent lots across the Mid-Atlantic and Sun Belt and executing landmark transactions such as The Laurel (Philadelphia), Soho Warehouse (Los Angeles), and the Beverly Hills BMW ground lease.
Product overview
Mandrake Capital Partners operates as a partner-owned real estate focused principal investing firm offering differentiated equity and debt solutions across the commercial real estate universe. The firm manages Mandrake Capital Real Estate Fund II, LP as its current primary investment vehicle, along with various predecessor investment vehicles and joint ventures. The investment portfolio includes Build-To-Rent (BTR) communities developed across cottages, townhouses, and traditional detached homes (with over 5,000 controlled lots), luxury residential towers such as The Laurel in Philadelphia, mixed-use redevelopments like Soho Warehouse in Los Angeles, and ground lease positions such as the Beverly Hills BMW dealership.
Differentiator
Problem solved
Functional benefit
Products and services
- Mandrake Capital Real Estate Fund II, LP Closed-end limited partnership investment vehicle through which Mandrake Capital Partners accepts capital commitments from institutional investors and family offices and deploys that capital into opportunistic equity and debt investments across commercial real estate property types including office, multifamily, retail, industrial, hotel, senior assisted living, self-storage, student housing, build-to-rent communities, and master-planned communities.
- Predecessor Investment Vehicles and Joint Ventures Predecessor Mandrake-managed investment funds and joint venture vehicles through which the firm historically deployed institutional and family-office capital into commercial real estate equity and debt investments across the United States, spanning multiple property types.
Quantifiable outcome
- Over 5,000 lots controlled in build-to-rent communities
Companies that use Mandrake Capital Partners
Customer profileSegments2 records
Ideal customer profiles2 records
Mandrake Capital Partners technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Mandrake Capital Partners partnerships and signals
Strategic signalScale indicators4 records
Recent moves6 records
Expansion highlights5 records
Mandrake Capital Partners competitors and assessment
Company assessmentDirect peers
- Crow Holdings Capital: Crow Holdings Capital is a Dallas-based opportunistic commercial real estate investment manager running multiple funds targeting institutional investors. It is directly comparable to Mandrake in fund structure, opportunistic value-add strategy, and LP base of institutions and family offices.
- Wheelock Street Capital: Wheelock Street Capital is a Greenwich-based real estate private equity firm deploying capital across multiple property types with an opportunistic, value-add approach. Similar mid-sized emerging manager profile and institutional LP base as Mandrake.
- GTIS Partners: GTIS Partners is a New York-based real estate investment manager focused on opportunistic and value-add strategies across the US, including significant BTR exposure. Comparable to Mandrake in strategy, geography, and institutional LP focus.
- Rockpoint Group: Rockpoint Group is a Boston-based opportunistic real estate investment manager raising capital from institutional and family office investors. Similar fund structure, opportunistic strategy, and diversified property type exposure as Mandrake.
- Aetos Capital: Aetos Capital is a New York-based real estate opportunity fund manager backed by Apollo, focused on value-add and opportunistic deals across multiple property types. Directly comparable to Mandrake in strategy and New York-based institutional focus.
- Westbrook Partners: Westbrook Partners is a New York-based real estate investment manager with an opportunistic, value-add approach across property types globally. Comparable in size, strategy, and institutional LP base to Mandrake.
- Praedium Group: Praedium Group is a New York-based value-add multifamily investment manager that has also expanded into adjacent property types. Comparable mid-sized emerging manager profile to Mandrake, with similar institutional LP focus and opportunistic orientation.
Broad incumbents
- AEW Capital Management: AEW is a large, established real estate investment manager offering core, value-add, and opportunistic strategies across property types to institutional clients. Larger and more diversified than Mandrake but overlapping in opportunistic CRE and LP base.
- TPG Real Estate Partners: TPG Real Estate Partners is the real estate arm of TPG, deploying opportunistic and value-add capital across property types globally. Much larger scale than Mandrake but competes for the same opportunistic US deals and institutional LPs.
- Angelo Gordon (TPG Angelo Gordon): Angelo Gordon (now part of TPG) is a large alternative investment manager with a real estate opportunistic and debt strategy. Comparable to Mandrake's equity and debt solutions offering and institutional LP base, but at much greater scale.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat3 records
Key risks5 records
Key highlights6 records
Customer concentration
Mandrake Capital Partners social profiles
Digital presenceMandrake Capital Partners financial estimates
Financial estimateRevenue estimate
Valuation estimate
Mandrake Capital Partners leadership team
Management profileNumber of profiles
Profiles10 records
Mandrake Capital Partners funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Mandrake Capital Partners M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Mandrake Capital Partners
What does Mandrake Capital Partners do?
Mandrake Capital Partners is a partner-owned principal investing firm that deploys equity and debt capital into commercial real estate on behalf of institutional investors and family offices. The firm actively manages Mandrake Capital Real Estate Fund II, LP and predecessor investment vehicles and joint ventures, with portfolio exposure spanning office, multifamily, retail, industrial, hotel, senior assisted living, self-storage, student housing, build-to-rent communities, and master-planned communities. Representative activity includes controlling over 5,000 build-to-rent lots across the Mid-Atlantic and Sun Belt and executing landmark transactions such as The Laurel (Philadelphia), Soho Warehouse (Los Angeles), and the Beverly Hills BMW ground lease.
Is Mandrake Capital Partners a public or private company?
Mandrake Capital Partners is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Mandrake Capital Partners founded?
Mandrake Capital Partners was founded in 2019. It employs 11 to 50 people.
Where is Mandrake Capital Partners based?
Mandrake Capital Partners is headquartered in New York, United States, in the North America region.
How does Mandrake Capital Partners make money?
One revenue line is on record: real Estate Investment Management.
Who are Mandrake Capital Partners's main competitors?
Direct peers on record are Crow Holdings Capital, Wheelock Street Capital, GTIS Partners, Rockpoint Group, Aetos Capital, Westbrook Partners and Praedium Group. Broad incumbents are AEW Capital Management, TPG Real Estate Partners and Angelo Gordon (TPG Angelo Gordon).
Does Mandrake Capital Partners have an API?
No public API is recorded for Mandrake Capital Partners.
What industry is Mandrake Capital Partners in?
Mandrake Capital Partners's product category is Real Estate Investment Management. Its primary akta.pro industry code is BPAJAMAJ, Real Estate Portfolio & Fund Management (Institutional/REIT/PE), with a secondary code of FSAAAKAC, Real Estate Debt & Mortgage Strategies. Its NAICS code is 5239 and its SIC code is 6532.