AIC Capital

What AIC Capital does

AIC Capital, LLC is a privately held alternative investment management firm founded in 2017 by Ricardo Outi in Miami. The firm specializes in direct real estate investments and is positioned to provide institutional-quality deal access to investors — primarily accredited high-net-worth individuals, family offices, and institutional investors — who would otherwise lack access to opportunities historically reserved for large institutions.

The firm offers two primary product strategies: a Core+ Strategy focused on stabilized assets and light value-add opportunities in recession-resilient sectors, and an Opportunistic Strategy targeting ground-up real estate development in fast-growing U.S. cities for higher-return capital appreciation. Underlying these strategies is a research-based, data-driven investment methodology supported by an in-house research publication program spanning market reviews, sector-specific analyses (student housing, recession resilience, preference equity, FEMA), and investor letters. Investor onboarding and reporting run through Juniper Square, indicating institutional-grade fund administration infrastructure.

AIC Capital monetizes through a subscription/recurring revenue model consisting of management fees and performance fees on alternative real estate investment products. The firm distributes these exclusively through direct, high-touch relationships with qualified investors — there is no retail or intermediary distribution. There are no disclosed AUM figures, fee schedules, or revenue numbers; the firm reports 1-10 employees and operates five owned offices across Miami and La Jolla (USA), São Paulo (Brazil), Singapore, and Lisbon (Portugal). Ownership is founder/partners-controlled, with no disclosed external institutional backing; the disclosures page explicitly notes the company is not registered as an investment adviser with the SEC.

Name

AIC Capital

Legal name

AIC Capital, LLC

Website

https://aic-capital.com

Company type

Private

Founded year

2017

Operating status

Operating

Headcount range

1–10 employees

Short description

AIC Capital is a privately held alternative investment management firm that runs direct real estate strategies (Core+ and Opportunistic) for accredited high-net-worth individuals, family offices, and institutional investors, with offices in the USA, Brazil, Singapore, and Portugal.

Ownership category

akta.pro rank

Product category

Alternative Real Estate Investment Management

NAICS

Portfolio Management and Investment Advice (523940), Other Financial Vehicles (52599)

SIC

Investors, Nec (6799), Real Estate Dealers (For Their Own Account) (6532)

akta.pro primary industry

Real Estate Capital Markets Advisory (Debt/Equity Placement, Refinancing) (BPAJANAE)

akta.pro secondary industries

Corporate Strategic Real Assets & Infrastructure Venture Investing (FSANAHAN), Corporate Finance & Capital Advisory (BPAHADAB)

Keywords

• Real estate investment
• Alternative investments
• Investment management
• Direct real estate
• Portfolio management

Headquarters

HQ city

Miami

HQ country

United States

HQ region

North America

Offices5 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Alternative Investment Management Fees: Generates revenue through management fees and performance fees from alternative real estate investment products offered to institutional clients, family offices, and accredited high net worth individuals

Distribution channels1 record

Marketing channels3 records

Core offering

AIC Capital is a research-based and data-driven alternative investment management firm that specializes in direct investment in real estate. The firm manages two primary investment strategies—a Core+ Strategy targeting recession-resilient, stabilized or light value-add assets and an Opportunistic Strategy targeting higher-return ground-up development in fast-growing U.S. cities—and delivers these institutional-quality strategies to institutions, family offices, and accredited high net worth individuals.

Product overview

AIC Capital offers a unified alternative investment management platform focused on direct real estate investing. The firm provides two primary investment strategies: the Core+ Strategy for lower-risk, stabilized assets and the Opportunistic Strategy for higher-return development projects in growth markets. Both strategies are supported by proprietary in-house research publications including market reviews, sector analyses, and investor letters.

Differentiator

Problem solved

Functional benefit

Products and services

• Core+ Strategy

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Scale indicators2 records

Recent moves5 records

Expansion highlights5 records

Direct peers

• BentallGreenOak (now part of SLC Management): Global real estate investment platform with core, core-plus and opportunistic strategies; directly comparable as a multi-strategy real estate manager.
• Angelo, Gordon & Co. (now TPG Real Estate): Specialized alternative real estate manager (now within TPG) offering core-plus and opportunistic direct real estate strategies — directly comparable to AIC's strategy mix and institutional orientation.
• Starwood Capital Group: Large alternative real estate investment manager running both opportunistic and core+ real estate strategies globally for institutional and high-net-worth investors — the most direct comparable operating model to AIC Capital's two-strategy platform.
• AEW Capital Management: Real estate investment manager offering core, core-plus and value-add strategies to institutional and private wealth investors — comparable in multi-strategy direct real estate offerings.
• Oaktree Capital Management — Real Estate: Large alternatives manager with a real estate opportunistic strategy; comparable as a real estate alts manager that combines research-driven underwriting with flexible mandates.
• Harrison Street Capital Management: Alternatives-focused investment manager specializing in real estate (and adjacent infrastructure) for institutional and family office clients — closely analogous to AIC Capital's institutional/HNW focus and direct-investment orientation.

Broad incumbents

• KKR Real Estate: Global alternatives manager with dedicated real estate strategies across the risk spectrum; overlapping category but operating at materially greater scale.
• Blackstone Real Estate: World's largest real estate alternatives platform running core+ (BREIT/BREP), opportunistic and development strategies globally — comparable category, substantially larger scale.
• Principal Real Estate Investors: Large institutional real estate investment manager serving pension and insurance clients with core, core-plus and value-add strategies — adjacent incumbent with overlapping investor base.
• Brookfield Asset Management — Real Estate: Scaled global real estate investment manager operating core-plus, opportunistic and development strategies; a much larger incumbent in the same direct real estate investment category.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Funding overview

Funding rounds

Investors

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

M&A

Investments

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

Frequently asked questions about AIC Capital