Portfolio · Across Three Sleeves

One portfolio, three sources of value.

A single platform expressed across three sleeves: category-defining venture holdings through Mangrove Capital Partners, our affiliated company, operating companies powering the digital-finance stack, and tangible real estate across the United States and Japan.

Venture

Representative investments across the venture portfolio of Mangrove Capital Partners, our affiliated company.

Twenty category-defining businesses spanning communications, web infrastructure, digital health, fintech, and consumer platforms, from seeded unicorns to globally recognized names.

Representative investments. Logos are property of their respective owners and are shown for identification purposes only.

Deep Tech

Six operating companies across the digital-finance stack.

Named exposure across payments, custody, settlement, distribution, and market access, including one NYSE-listed platform and one of six UK clearing banks.

Changelly logo, Mangrove Asset Management deep-tech portfolioExecute · Access

Changelly

B2B2C Crypto Exchange · Non-Custodial Infrastructure

Leading B2B2C crypto-asset exchange and payments infrastructure operating in a non-custodial model. Instant crypto-to-crypto and fiat-to-crypto exchange embedded across mainstream wallets and fintech platforms.

Up to $14.3B
2025 transaction volume
1,000+
Digital assets
600+
Partners
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NETSTARS Co., Ltd. logo, Mangrove Asset Management deep-tech portfolioExecute

NETSTARS Co., Ltd.

QR Payment Infrastructure · Japan (StarPay)

Tokyo-headquartered fintech operating StarPay, one of Japan's largest multi-payment aggregation platforms accepting PayPay, LINE Pay, Alipay, WeChat Pay, Rakuten Pay, credit cards, and e-wallets.

¥3.72B
2023 revenue
$66M
KKR Series A (2021)
2009
Founded in Tokyo
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NGRAVE logo, Mangrove Asset Management deep-tech portfolioSecure

NGRAVE

Hardware Self-Custody · Digital Asset Security

High-end digital asset security firm providing top-tier self-custody solutions for individuals and institutions. NGRAVE is the only hardware wallet in the world to obtain both EAL7 and FIPS 140-3 certifications, the highest hardware security standards available.

>$1.5B
Self-custodied assets
EAL7
+ FIPS 140-3 certified
4.7/5
Trustpilot rating
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Bank of London logo, Mangrove Asset Management deep-tech portfolioSettle

Bank of London

UK Clearing Bank · Full-Reserve Banking Infrastructure

Bank of London is the sixth principal UK clearing bank and is building UK, EU, and US infrastructure for instant cross-border payments. The bank operates a full-reserve, non-lending model, with client funds held at central banks and no lending, credit, or investment risk.

1 of 6
UK clearing banks
£107.5T
Annual UK money & payment flows
Full-reserve
Non-lending model
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Cointelegraph logo, Mangrove Asset Management deep-tech portfolioAccess

Cointelegraph

Web3 & Blockchain Media · Market Intelligence

Founded 2013, leading global Web3 and blockchain media platform. It has evolved from a single news outlet into a comprehensive ecosystem integrating content, advertising, research, marketing, and community services.

12.7M+
Monthly visits
193
Countries · 14 languages
~52%
share of crypto media
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Forge Global logo, Mangrove Asset Management deep-tech portfolioAccess · Public Company

Forge Global

Private Market Trading Platform for Pre-IPO Shares · NYSE: FRGE

Leading financial technology platform focused on the private market. It helps investors and private-company shareholders buy and sell shares of pre-IPO companies. Headquartered in San Francisco, listed on the NYSE.

NYSE: FRGE
Public listing
San Francisco
Headquartered
Secondary
Trading of pre-IPO equity
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Real Estate

Selected real estate projects across hospitality, multifamily, and residential development.

The real estate portfolio brings together hospitality, multifamily, office-to-residential conversion, and resort assets across the United States and Japan. Each project is selected for its tangible asset base, clear value-creation path, and potential for long-cycle resilience.

One Irvine
RE/01

One Irvine

2525 Main Street, Irvine, CA 92614

Type
Class A Office → Luxury Residential Conversion
Stage
Architectural Design · Entitlement
Scale
~150,000 SF mid-rise glass-and-steel building

MVE + Partners / Starpointe

A stabilized Class A office building being repositioned into a high-end residential development, in line with Irvine Business Complex's long-term urban-intensification strategy.

2525 Main · Irvine
RE/02

2525 Main · Irvine

2525 Main Street, Irvine, CA 92614

Type
Class A Office
Stage
Architectural Design · Entitlement
Scale
~150,000 SF mid-rise glass-and-steel building

MVE + Partners / Starpointe

Luxury Class A office building. Mid-rise, modern glass and steel construction.

Marriott Crystal City
RE/03

Marriott Crystal City

1999 Richmond Hwy, Arlington, VA

Type
Full-Service Hotel · Comprehensive Renovation
Stage
Under Renovation
Scale
355 keys (repositioned from 347)
Capital
$38M renovation

AC Hotel by Marriott

A strategic rebrand and full renovation into AC Hotel by Marriott, located in National Landing, directly south of Amazon HQ2. The repositioning is designed to unlock meaningful ADR growth in one of Northern Virginia's most active commercial submarkets.

Canopy + Homewood Suites
RE/04

Canopy + Homewood Suites

Arlington, VA

Type
Dual-Brand Hospitality · Conversion
Stage
Redevelopment
Scale
337 keys total (180 + 157)

Hilton (Canopy + Homewood Suites)

A lifestyle and extended-stay dual-brand Hilton in a high-demand urban submarket, anchored by Amazon HQ2, the Pentagon, Reagan National Airport, and direct Metro access.

601 Indiana · AC by Marriott
RE/05

601 Indiana · AC by Marriott

601 Indiana Ave NW, Penn Quarter, Washington DC

Type
Office-to-Hotel Conversion
Stage
Pre-Development
Scale
120 keys · 56,018 SF rentable area
Capital
$52.9M total capitalization

AC Hotel by Marriott (LOI in place)

A below-replacement-cost office acquisition in Penn Quarter, within walking distance of the U.S. Capitol, the convention center, and major federal agencies. The office-to-hotel conversion creates value through a clear entitlement and repositioning pathway.

Residence Inn · Tampa
RE/06

Residence Inn · Tampa

Westshore Business District, Tampa, FL

Type
All-Suite Hotel · Stabilized
Stage
Stabilized / Post-Renovation
Scale
160 keys · 119,624 SF
Capital
$45M acquisition

Residence Inn by Marriott · HHM Hotels (operator)

Acquired in one of Tampa's most active commercial and hospitality corridors, within walking distance of International Plaza, Raymond James Stadium, and Tampa International Airport.

1235-41 S Beverly Glen
RE/07

1235-41 S Beverly Glen

Los Angeles, CA

Type
Multifamily · Renovation / Pre-Development
Stage
Pre-Development
Scale
50 units · 15,242 SF · 0.35-acre site

A residential asset in a premier pocket between Westwood and Beverly Hills, adjacent to UCLA, Rodeo Drive, and the Westside's anchor hospitality properties.

Trails at City Park
RE/08

Trails at City Park

Houston, TX

Type
Garden-Style Multifamily · Tax Abatement
Stage
Final tax-abatement negotiations
Scale
288 units · 14.7 acres
Capital
$15–20M asset uplift

In final negotiations with the Houston Housing Authority for a 99-year property tax exemption tied to a 50% workforce housing designation. Upon stabilization, NOI is expected to increase by approximately 40%.

Mirria Apartment
RE/09

Mirria Apartment

Lewisville, TX (Dallas–Fort Worth Metroplex)

Type
Class A Multifamily · Ground-Up Development
Stage
Construction · Final Stage
Scale
240+ luxury units

Toll Brothers

A ground-up luxury multifamily development in one of the fastest-growing regions in the United States. Construction is in its final stage, with a Temporary Certificate of Occupancy expected in the near term.

Cortez Hill Tower
RE/10

Cortez Hill Tower

First Ave & Beech St, Downtown San Diego, CA

Type
Class A Multifamily · Ground-Up Development
Stage
Interior Finishing · MEP largely complete
Scale
220 Class A units · 22-story tower · ~122,000 SF

A ground-up multifamily tower in Cortez Hill, well connected to Little Italy, the Gaslamp Quarter, and Downtown San Diego's waterfront employment base.

WE Hotel Toya · Dusit Collection
RE/11

WE Hotel Toya · Dusit Collection

Lake Toya, Abuta-gun, Hokkaidō, Japan

Type
Boutique Luxury Hospitality · Onsen Resort
Stage
Phase I Complete · Phases II & III in Progress
Scale
Lakefront · Private open-air baths · 25 minutes from JR Toya Station

Dusit Collection · Kengo Kuma (Master Designer)

A luxury onsen resort on the northern shore of Lake Toya, designed by world-renowned architect Kengo Kuma. Natural materials, warm wood interiors, and panoramic lake views define the guest experience, a rare combination of Japanese craftsmanship and international hospitality branding.

Investor Process

  1. 01

    Initial Engagement

    Introduction to the platform, strategies, and key materials.

  2. 02

    Due Diligence

    Review of investment materials and legal documentation.

  3. 03

    Onboarding

    Completion of subscription documents and investor onboarding requirements.

  4. 04

    Capital Deployment

    Capital is allocated in line with the selected strategy.

  5. 05

    Ongoing Reporting

    Regular performance updates and ongoing platform access.

Continue Exploring

Three sleeves. One platform.