# Sunwater Capital

> Sunwater Capital is a privately held investment firm founded in 2017 by operators Stephany Yu and Matthew Chervenak. From North Bethesda, the firm backs and builds across real estate, proptech, healthcare and information, pairing flexible, long-duration capital with operating experience in property development, healthcare intelligence and data commercialization. Its public portfolio ranges from a converted Maryland warehouse campus and a Washington mixed-use development to Medicare, behavioral-health, medical-transportation and data platforms.

- **Founded:** 2017
- **Headquarters:** North Bethesda, United States
- **Founders:** Stephany Yu (Co-founder and General Partner), Matthew Chervenak (Co-founder and General Partner)
- **Team size:** 11-50 employees on LinkedIn; 13 employees listed in the supplied company data.
- **Products:** Real estate investment and development, Healthcare investment, Information and data investment, Proptech and built-environment investment, Investment advisory and flexible financing
- **Notable:** Built a public portfolio spanning 17 operating companies and real-estate projects across four stated investment areas., Converted three early-1960s warehouses into the 103,000-square-foot, LEED Gold Greencourt Innovation Center in North Bethesda., Backed Veda Data before its 2025 acquisition by H1.

## Products & services

- **Real estate investment and development** — Investments across existing properties, value-added assets, ground-up developments and complementary asset managers.
- **Healthcare investment** — Capital for healthcare technology and services businesses using new models, data and connectivity to improve outcomes.
- **Information and data investment** — Investment in businesses that commercialize data, market intelligence and analytics across industries.
- **Proptech and built-environment investment** — Backing for technologies and materials intended to make construction, maintenance and property management faster or more flexible.
- **Investment advisory and flexible financing** — Private equity, venture, project-finance and advisory capabilities with flexible structuring and a long investment horizon.

## Achievements

- Built a public portfolio spanning 17 operating companies and real-estate projects across four stated investment areas.
- Converted three early-1960s warehouses into the 103,000-square-foot, LEED Gold Greencourt Innovation Center in North Bethesda.
- Backed Veda Data before its 2025 acquisition by H1.
- Participated in Troy Medicare's $10 million Series B in 2020.
- Developed or managed more than 30 million square feet through Greencourt Properties, according to Sunwater's portfolio page.
- Built a cross-border operating footprint with addresses in North Bethesda, New York, Shanghai and Hong Kong.

## Latest updates

- **2026-08** — Sunwater's current official portfolio lists 17 companies or real-estate projects, including newer information platforms Legis1 and AllSci.
- **2025-08** — Greencourt Innovation Center marketed flexible biotech wet-lab suites alongside office and coworking space.
- **2025-05** — H1 announced its acquisition of portfolio company Veda Data Solutions, which Sunwater's portfolio now marks as exited.

## Links

- Website: https://sunwatercapital.com
- LinkedIn: https://www.linkedin.com/company/sunwater-capital-management

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Profile page: https://yespress.io/sunwater-capital
Published by YesPress — https://yespress.io
Last updated: 2026-08-15