Circle F Capital
Circle F Capital is a New York-based family investment partnership that acquires and develops value-add real estate, manages the Rotunda Income Fund, and provides capital markets and business financing services to accredited investors and growing companies.
- Company typePrivate
- Founded1974
- HeadquartersNew York, United States
- Headcount—
- GTM typeB2B
- OfferingServices
What Circle F Capital does
Circle F Capital is a privately held, family-owned investment partnership headquartered at 253 5th Avenue, 4th Floor, New York. Founded in 1974 with roots tracing to the 1930s through the Feldman family's real estate activities, the firm operates across four service lines: real estate (acquisition, development, management, and sale of value-add and development properties), capital markets (structuring equity and credit allocations for client firms), business financing (an alternative to traditional bank lending for quality companies), and venture capital (seed and early-stage equity investing). Its primary disclosed real estate development project is One Park Row, a 23-story, 58-unit luxury condominium in New York's Financial District on the former J&R Music and Computer World site, with units starting at $850,000 and a $50 million loan from 3650 REIT secured in June 2024.
The firm's principal investment product is the Rotunda Income Fund, a fixed income hedge fund founded in 2015 by Managing Member David Feldman. The fund targets high current income and principal stability through active credit investment in privately held real estate, holding positions across senior debt, mezzanine debt, preferred equity, and common equity throughout the capital stack. Distribution is direct and relationship-based: accredited investors access the fund through the firm's website with certification, and real estate opportunities are sourced through referrals and direct outreach. Sales and marketing for One Park Row are handled by external brokerage partner SERHANT., and the building was designed by architectural firm Fogarty Finger.
The company is controlled across three generations of the Feldman family. Chairman Gary Feldman brings 30+ years of real estate and credit investing experience; David Feldman, as Managing Member, oversees the Rotunda Income Fund and previously underwrote $100M+ of acquisitions at Sigfeld Realty; Principal Michael Feldman joined from Meridian Capital Group, where he helped grow the investment sales platform from 5 brokers to approximately 30 and contributed to nearly $2 billion in sales. No proprietary technology platform is disclosed; the firm operates as a relationship-driven investment entity rather than a technology-driven business, and revenue, AUM, headcount, and pricing are not publicly disclosed.
Circle F Capital firmographics
Firmographics- Name
- Circle F Capital
- Legal name
- Circle F Capital
- Website
- https://circlefcapital.com
- Company type
- Private
- Founded year
- 1974
- Operating status
- Operating
- Short description
- Circle F Capital is a New York-based family investment partnership that acquires and develops value-add real estate, manages the Rotunda Income Fund, and provides capital markets and business financing services to accredited investors and growing companies.
- Ownership category
- akta.pro rank
Circle F Capital industry classification
Industry- Product category
- Real Estate Investment
- NAICS
- Funds, Trusts, and Other Financial Vehicles (525), All Other Financial Investment Activities (52399), Other Financial Investment Activities (5239)
- SIC
- Investors, Nec (6799), Real Estate Dealers (For Their Own Account) (6532), Investment Advice (6282)
- akta.pro primary industry
- Corporate Finance & Capital Advisory (BPAHADAB)
- akta.pro secondary industry
- Real Estate Funds — Core-Plus (FSANAEAG)
Keywords
Where Circle F Capital is headquartered
LocationHeadquarters
- HQ city
- New York
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Circle F Capital business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Operations, Supply Chain, Personnel, Marketing or Sales, Infrastructure
Revenue model
- Real Estate Investment and Development: Acquiring and managing value-add and development properties in New York markets, generating returns through property appreciation, rental income, and capital gains.
- Fund Management - Rotunda Income Fund: Managing fixed income hedge fund focused on high income and stability through active credit investment. Fund holds senior debt, mezzanine debt, preferred equity, and common equity positions in privately held real estate throughout the capital stack.
- Capital Markets Services: Structuring transactions for firms requiring larger equity or credit allocations, connecting capital needs with appropriate investor base.
- Business Financing: Providing funding to quality companies with quick underwriting process and flexible terms, as an alternative to traditional bank lending.
- Venture Capital: Equity capital for younger, high growth companies, focusing on seed and early stage investing to help entrepreneurs transform their vision into reality.
Distribution channels2 records
Marketing channels1 record
Circle F Capital product offering
Product offeringCore offering
Circle F Capital is a family-owned investment firm that acquires, develops, manages, and sells value-add real estate in the New York market. It also operates a fixed income hedge fund (Rotunda Income Fund), provides capital markets advisory for firms needing larger equity or credit allocations, delivers business financing with flexible underwriting, and makes seed and early-stage venture capital investments.
Product overview
Circle F Capital is a family-owned real estate investment company offering a diversified portfolio of services and investment products. The core offerings include Real Estate (acquisition, development, management, and sale), Capital Markets, Business Financing, and Venture Capital services. Their primary investment vehicle is the Rotunda Income Fund, a fixed income hedge fund focused on high income and principal stability through credit investments. The company also develops real estate projects directly, such as the One Park Row luxury condo development in New York's Financial District. Services operate as distinct business lines that leverage the firm's 50-year history in finance and real estate, with a focus on the New York market.
Differentiator
Problem solved
Functional benefit
Brands
- Rotunda Income Fund: A fixed income hedge fund founded by Circle F Capital, seeking to generate high current income with stability of principal through active credit investment. The fund holds positions in senior debt, mezzanine debt, preferred equity, and common equity, including privately held real estate throughout the capital stack.
Products and services
- Real Estate Full real estate lifecycle services including acquisition, development, management, and sale of value-add and development properties in New York markets. Active for three generations across multiple economic cycles.
- Capital Markets Capital markets services for firms requiring larger equity or credit allocations, structuring transactions through an extensive network to match capital needs with the appropriate investor base.
- Business Financing Business financing services with a quick underwriting process and flexible terms for quality companies seeking an alternative to traditional bank lending, vendor financing, or other conventional business lenders.
- Venture Capital
Companies that use Circle F Capital
Customer profileNamed customers1 record
Segments4 records
Ideal customer profiles3 records
Circle F Capital technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Circle F Capital partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- SERHANT.coreSERHANT. is handling sales and marketing for the One Park Row luxury condo development, representing the company's exclusive real estate brokerage and marketing partner for this project.
Scale indicators6 records
Recent moves5 records
Expansion highlights4 records
Circle F Capital competitors and assessment
Company assessmentDirect peers
- A&E Real Estate: NYC-focused value-add multifamily owner/operator with similar geographic concentration in Manhattan and surrounding boroughs and a comparable principal-investor (non-fund) operating model.
- The Witkoff Group: NYC-based, family-controlled real estate investment and development firm with a portfolio of ground-up and value-add projects — closely comparable in scale, geography, and operating model to Circle F Capital's real estate arm.
- Ladder Capital: NYC-based commercial real estate finance company originating senior secured loans and investing across the real estate capital stack — overlapping with both Rotunda's credit strategy and Circle F's business financing activities.
- BRP Companies: NYC-based real estate development and investment firm active across multifamily, mixed-use, and affordable housing, with comparable NYC development pipeline and value-add orientation.
- Madison Realty Capital: NYC-based real estate private equity and credit manager investing across the capital stack (debt and equity) in real estate, with a similar multi-strategy, family/closely-held orientation and direct overlap with the Rotunda Income Fund's mandate.
- Kushner Companies: Family-owned NYC real estate firm investing across residential, commercial, and office assets, with similar multi-generation family leadership and direct overlap in NYC value-add and development activity.
- Greystone: NYC-based real estate finance and advisory firm providing debt origination, capital markets, and investment sales — closely comparable to Circle F's capital markets and business financing service lines.
- RFR Holding: NYC-based, founder-led real estate investment and development firm with comparable portfolio concentration in Manhattan and a similar principal-investor model rather than a fund manager structure.
Broad incumbents
- KKR Real Estate: Global real estate platform investing across debt and equity strategies; competes with the Rotunda Income Fund for private real estate credit allocations and NYC assets, though at much greater scale and institutional breadth.
- Brookfield Real Estate: Large-scale global real estate investor and lender active across debt, equity, and development — represents the scaled institutional competitor that ultimately caps Circle F's addressable opportunity in NYC real estate.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat4 records
Key risks5 records
Key highlights6 records
Customer concentration
Circle F Capital financial estimates
Financial estimateRevenue estimate
Valuation estimate
Circle F Capital leadership team
Management profileNumber of profiles
Profiles3 records
Circle F Capital funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Circle F Capital 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 Circle F Capital
What does Circle F Capital do?
Circle F Capital is a family-owned investment firm that acquires, develops, manages, and sells value-add real estate in the New York market. It also operates a fixed income hedge fund (Rotunda Income Fund), provides capital markets advisory for firms needing larger equity or credit allocations, delivers business financing with flexible underwriting, and makes seed and early-stage venture capital investments.
Is Circle F Capital a public or private company?
Circle F Capital is a private company. It is classified as family owned and is currently operating.
When was Circle F Capital founded?
Circle F Capital was founded in 1974.
Where is Circle F Capital based?
Circle F Capital is headquartered in New York, United States, in the North America region.
How does Circle F Capital make money?
Five revenue lines are on record. Real Estate Investment and Development is the primary driver. The others are fund Management - Rotunda Income Fund, capital Markets Services, business Financing and venture Capital.
Who are Circle F Capital's main competitors?
Direct peers on record are A&E Real Estate, The Witkoff Group, Ladder Capital, BRP Companies, Madison Realty Capital, Kushner Companies, Greystone and RFR Holding. Broad incumbents are KKR Real Estate and Brookfield Real Estate.
Does Circle F Capital have an API?
No public API is recorded for Circle F Capital.
What industry is Circle F Capital in?
Circle F Capital's product category is Real Estate Investment. Its primary akta.pro industry code is BPAHADAB, Corporate Finance & Capital Advisory, with a secondary code of FSANAEAG, Real Estate Funds — Core-Plus. Its NAICS code is 525 and its SIC code is 6799.