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Capricorn Investment Group

SEC-registered adviser since 2008New York, NYCRD 147417

$18.9B
AUM
34
Clients
See fees
Fee
16
Advisory staff

From Form ADV filed 18 September 2026 · data retrieved 15 October 2026SEC record

Capricorn Investment Group is an investment adviser headquartered in New York, New York, and registered with the SEC since 2008. Its clients include pooled investment vehicles, high-net-worth individuals and charitable organizations. High-net-worth individuals account for 28% of its regulatory assets under management.

Its services include portfolio management for individuals and small businesses, portfolio management for pooled vehicles, portfolio management for institutions, and selecting other managers. Fee arrangements include a percentage of assets under management and performance-based fees. Pine LLC owns 25% to 50% of Capricorn Investment Group.

Clients

Capricorn Investment Group serves 34 clients, 5 of them high-net-worth individuals. The average client has about $554 million with the firm, and high-net-worth clients hold 28% of its $18.9 billion in assets.

Regulatory assets by client type
  • High-net-worth individuals5 clients28%
  • Pooled investment vehicles27 clients63%
  • Charitable organizations2 clients9%
Show client breakdown
High-net-worth individuals
Clients
5
Regulatory AUM
$5,277,792,168
Share
28.0%
Avg. per client
$1.06B
Pooled investment vehicles
Clients
27
Regulatory AUM
$11,941,433,917
Share
63.3%
Avg. per client
$442.3M
Charitable organizations
Clients
2
Regulatory AUM
$1,633,635,422
Share
8.7%
Avg. per client
$816.8M

Total

Clients
34
Regulatory AUM
$18,852,861,507
Share
100%
Avg. per client
$554.5M

What it does

Capricorn Investment Group provides portfolio management for individuals and small businesses, portfolio management for pooled vehicles, portfolio management for institutions and selecting other managers. It is paid through a percentage of assets and performance-based fees.

Capricorn Investment Group advises 22 private funds.

73.0% of assets ($13.76B across 33 accounts) are managed with discretion; $5.09B across 1 account is not. 24% of clients are outside the U.S., and 0 clients received advice without assets under management last fiscal year.

What the accounts hold

Separately managed account assets by class, year end
  • Stocks84%
    • Non-exchange-traded equities78%
    • Exchange-traded equities6%
  • Funds2%
  • Bonds4%
  • Cash8%
  • Other2%
    • Gold, platinum, cryptocurrency2%

Custodians

Capricorn Investment Group’s client accounts are held mainly at Goldman Sachs &, with 7% of managed assets, and J.P. Morgan, with 5%. Capricorn Investment Group has custody of $13.18B for 35 clients.

Managed account assets by custodian
  • Goldman Sachs &Goldman Sachs & Co. LLC · New York, NY · $1.34B7%
  • J.P. MorganJ.P. Morgan Securities LLC · New York, NY · $1.00B5%
  • All other custodians$16.51B88%

Ownership and leadership

Pine LLC owns 25% to 50% of Capricorn Investment Group.

Who owns the firm
Capricorn Investment Group LLC· the adviser

  • Pine LLC

    Control person · since April 2007

    Owns 25% to 50% of Capricorn Investment Group LLC

  • Ion Yadigaroglu

    Control person · since April 2007

    Owns 10% to 25% of Capricorn Investment Group LLC

  • William Orum

    Control person · since January 2012

    Owns 10% to 25% of Capricorn Investment Group LLC

  • Eric Techel

    Control person · since January 2013

    Owns 5% to 10% of Capricorn Investment Group LLC

  • Michaela Edwards

    Control person · since March 2019

    Owns 5% to 10% of Capricorn Investment Group LLC

Leadership

  • Eric Techel
    Member / Chief Financial Officer
  • Alexandra Acosta
    Chief Compliance Officer
  • Mark Berryman
    Member
  • Michaela Edwards
    Member
  • William Orum
    Member
  • Dipender Saluja
    Member
  • Ion Yadigaroglu
    Member/Managing Principal

Staff

  • 46 employees
  • 16 in advisory functions
  • 1 state-registered rep

Reported holdings

Capricorn Investment Group’s reported 13F holdings total $22.49B across 10 positions, and the ten largest make up 100.0% of it.

$22.49B
Reported 13F value
10
Positions
100.0%
In the 10 largest
+3638.6%
Value vs. prior quarter
Ten largest positions, share of reported value
  1. Space Exploration Technologies Corp.91.8%
  2. Fervo Energy Company4.4%
  3. Joby Aviation1.1%
  4. Xanadu Quantum Technologies0.6%
  5. Planet Labs · Com CL A0.6%
  6. Navitas Semiconductor0.6%
  7. Quantumscape Corp.. · Com CL A0.4%
  8. Owl Rock Technology Finance Corp.0.3%
  9. Tesla Motors0.2%
  10. Ecofin US Renewables Infrastructure PLC · Rnew0.0%

Together, the ten largest are 100.0% of reported value.

The 10 largest positions and quarterly changesQuarter ended 30 June 2026 · filed 14 August 2026

A 13F covers only exchange-traded long positions the firm holds with discretion, so this $22.49B is not its $18.85B in regulatory assets and does not represent any individual client's portfolio.

Fees

Capricorn Investment Group is paid through a percentage of assets under management and performance-based fees.

Capricorn Investment Group’s fee rates are not included in this profile. Find its brochure on the SEC’s site.

Offices and registrations

Besides its headquarters, Capricorn Investment Group has 2 offices, with 3 listed addresses across 3 states.

Listed office addresses by state

New York · 1 listed address

  • 512 West 22nd Street, 6th Floor, New YorkHQ

Other business names

Capricorn Investment Group has reported 9 other business names to the SEC.

  • Capricorn Advisers, LLC (relying Adviser)
  • Capricorn Management, LLC (relying Adviser)
  • Capricorn-Libra Partners, LLC (relying Adviser)
  • Sif Partners, LLC
  • Sustainable Investors Fund GP S.a R.L.
  • Tif Partners II LLC
  • Tif Partners, LLC (relying Adviser)
  • Tigf Partners II, LLC (relying Advisor)
  • Tigf Partners, LLC (relying Adviser)

Registration details

Legal name
Capricorn Investment Group LLC
Headquarters
512 West 22nd Street, 6th Floor, New York, NY 10011
Phone
646-289-3030
Website
Not reported
SEC file
801-69602
Structure
Delaware LLC
Fiscal year end
December

This directory does not report disciplinary history, for any firm or individual, in either direction. The SEC publishes the complete record, including any disciplinary events, and it is the authoritative place to check one. See this firm's record on adviserinfo.sec.gov

Common questions

How many clients does Capricorn Investment Group have?

Capricorn Investment Group has 34 clients and manages $18.9 billion for them, as of September 2026. They include 27 pooled investment vehicles, 5 high-net-worth individuals and 2 charitable organizations.

Source: Form ADV Part 1A, Items 5.D and 5.F, filed 18 September 2026

What services does Capricorn Investment Group offer?

Capricorn Investment Group provides portfolio management for individuals and small businesses, portfolio management for pooled vehicles, portfolio management for institutions and selecting other managers.

Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file

Which custodians does Capricorn Investment Group use?

Capricorn Investment Group’s separately managed account assets are held at Goldman Sachs & Co. LLC (New York, NY), with $1,337,483,416 and J.P. Morgan Securities LLC (New York, NY), with $1,002,844,803. Only custodians holding at least a tenth of those assets are named.

Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 18 September 2026

How many financial advisors does Capricorn Investment Group have?

Capricorn Investment Group has 1 investment adviser representatives registered with state securities authorities, out of 46 employees, and 16 perform investment advisory functions. None are registered representatives of a broker-dealer or licensed insurance agents.

Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file

What does Capricorn Investment Group invest in?

At the end of its last fiscal year, Capricorn Investment Group’s separately managed accounts held 78% non-exchange-traded equities, 8% cash and equivalents, 6% exchange-traded equities, 4% U.S. government and agency bonds, 2% pooled vehicles (private funds and similar) and 2% gold, platinum, cryptocurrency. It advises 22 private funds.

Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file

Who owns Capricorn Investment Group?

Capricorn Investment Group is owned through a chain of holding companies by Jeffrey Skoll. Its direct owners are Pine LLC, Ion Yadigaroglu, William Orum, Eric Techel and Michaela Edwards, each holding 50% or less.

Source: Form ADV Part 1A, Schedules A and B, filed 18 September 2026

How does Capricorn Investment Group get paid?

Capricorn Investment Group is paid through a percentage of assets under management and performance-based fees. Its Form ADV lists no commissions among how it is paid.

Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file

Sources

  1. Form ADV Part 1A, amendment filed 18 September 2026. Items 1, 5, 9, 11 and Schedules A, B and D.
  2. IAPD firm record, CRD 147417.
  3. Form 13F-HR, filed 14 August 2026 for the quarter ended 30 June 2026.

Retrieved 15 October 2026. All are published by the SEC and may have been amended since.

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This profile is compiled from public regulatory filings and is provided for informational purposes only. Niva Wealth is not affiliated with Capricorn Investment Group LLC and makes no representation about the quality of its services. Figures reflect the filing dates shown and may have changed. Ownership percentages are the bands reported to the SEC, not exact figures.