Permanens Capital Partners

Overview

Permanens Capital, doing business as PermCap Investment Office, serves select families, individuals, endowments, foundations, and other institutions.¹

History

John Regan and Joe Steinberg founded Permanens Capital in New York City in 2011. They say they met during the 2008 financial crisis while serving on the investment committee of a private New York City high school, then established the firm around an anchor university endowment client.²

PermCap reports opening an office in Charleston, South Carolina, in 2021 and another in San Diego, California, in 2024.²

Timeline

1. 2008They say they met during the 2008 financial crisis while serving on the investment committee of a private New York City high school, then established the firm around an anchor university endowment client.
2. 2011John Regan and Joe Steinberg founded Permanens Capital in New York City in 2011.
3. 2021PermCap reports opening an office in Charleston, South Carolina, in 2021 and another in San Diego, California, in 2024.

Leadership

The firm’s leadership team includes John Regan, Founding Partner and Chief Investment Officer; Alex Goldfarb, Managing Partner and Portfolio Manager; Connor Carew, Managing Partner and Portfolio Manager; and August Politano, Partner and Chief Financial Officer.³

Services

Investment advisory services include discretionary and non-discretionary portfolio management. Available investments and structures include exchange-traded securities, exchange-traded funds, mutual funds, separately managed accounts, private placements, private funds, and special purpose vehicles.⁴

Family office services generally cover tax planning, estate planning, and the day-to-day administration and management of a family’s affairs. Financial planning also includes philanthropic planning.⁴

What the firm offers

• Investment management
• Financial planning
• Tax planning
• Estate planning
• Philanthropy
• Administration and bill pay

Client Focus

PermCap works with select families, individuals, endowments, foundations, and other institutions, including multi-generational families.¹

Approach

The firm says it tailors advice to each client’s risk tolerance, time horizon, liquidity needs, goals, and investment objectives. It describes ongoing consultation and portfolio adjustments.⁴

Assets and Minimums

Permanens Capital’s March 28, 2025 Form ADV identifies the firm as an SEC Registered Investment Advisor. As of December 31, 2024, it reported approximately $4,932,477,413 in regulatory assets under management, including approximately $2,143,078,159 managed on a discretionary basis and $2,789,399,254 on a non-discretionary basis.⁴

The firm generally imposes no minimum portfolio size for separate account investment management. Minimum initial investments in its funds range from $50,000 to $1,000,000, subject to conditions or waivers.⁴

FAQs

Related resources

• LocationMultifamily offices in New York

  This directory page helps readers compare New York multifamily offices by service mix, client focus, and location. It can provide context for evaluating how an outsourced chief investment officer and family office might support investment management, planning, tax work, estate matters, philanthropy, administration, and bill pay.

• Network siteEstatePlanner.com

  EstatePlanner.com offers practical guides on wills, trusts, beneficiary decisions, and related estate planning topics. A family considering Permanens Capital can use these materials to prepare questions about coordinating estate planning with tax planning, philanthropy, financial administration, and the needs of multiple generations.

• Network siteFamilyOfficeDatabases.com

  FamilyOfficeDatabases.com provides directories of family offices and investors by market and category. Readers can use it to research how other institutions, business owners, and multi-generational families identify advisory resources, then compare those findings with the services they may seek from an outsourced chief investment officer.

• GuideOutsourced CIO vs multifamily office

  This comparison explains how an outsourced chief investment officer differs from a multifamily office in responsibilities, staffing, and service scope. It helps readers decide whether they need investment oversight alone or a broader relationship that also includes financial planning, tax and estate planning, philanthropy, administration, and bill pay.

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  Profiles of Ehrenkranz Partners, The Abernathy Group II Family Office, and Bessemer Trust give readers additional examples of firms serving affluent families and business owners. Reviewing their stated services and client focus can help a prospective client frame questions about investment management, planning, administration, and multi-generational support.

Sources

Claim or correct this profile

This profile is a factual summary written in our own words from public sources. It is for information only. It is not an endorsement, rating, ranking or recommendation, and it is not investment advice. MultiFamilyOffices.com is not affiliated with the SEC or with this firm unless stated. Form ADV figures are self-reported by the firm.