# Vivaldi Capital Management

> Vivaldi Capital Management is a Chicago-based registered investment advisor that packages the alternative investments once reserved for pensions and endowments - hedge funds, private equity, real estate, private credit - into portfolios for high- and ultra-high-net-worth families. Founded in 2012 by two Chicago finance veterans, it grew to about $5.6 billion in assets under management before agreeing in April 2026 to be acquired by Corient.

- **Founded:** 2012
- **Headquarters:** Chicago, United States
- **Founders:** David Sternberg (CEO and Co-Founder), Randal Golden (Co-Founder and Founding Principal)
- **Team size:** About 62 employees (approximately 62-69 professionals reported)
- **Products:** Wealth Management & Advisory, Alternative Investments, Family Office Services, Private Funds & Interval/Tender-Offer Funds, Portfolio Construction ('building block' approach)
- **Notable:** Grew from a 2012 startup to approximately $5.6 billion in assets under management, Acquired San Diego-based Cornerstone Wealth Management in 2020, pushing AUM past $3 billion, Built an affiliated fund complex (interval and tender-offer funds) to package alternatives for clients

## Products & services

- **Wealth Management & Advisory** — Integrated investment management and wealth planning for high- and ultra-high-net-worth individuals and families, including tax, estate and retirement planning.
- **Alternative Investments** — Access to hedge funds, private equity, private credit and real estate strategies used as core portfolio building blocks rather than satellite positions.
- **Family Office Services** — Customized reporting, coordination and planning for families with complex, multi-generational balance sheets.
- **Private Funds & Interval/Tender-Offer Funds** — Privately offered allocation vehicles plus closed-end interval and tender-offer funds advised by affiliate First Trust Capital Management, giving clients wrapped access to private markets.
- **Portfolio Construction ('building block' approach)** — A research-driven process combining equities, fixed income, alternatives, real estate and private equity into custom, risk-managed portfolios.

## Achievements

- Grew from a 2012 startup to approximately $5.6 billion in assets under management
- Acquired San Diego-based Cornerstone Wealth Management in 2020, pushing AUM past $3 billion
- Built an affiliated fund complex (interval and tender-offer funds) to package alternatives for clients
- Agreed to be acquired by Corient in April 2026

## Latest updates

- **2026-04** — Corient announced the acquisition of Vivaldi Capital Management, adding $5.6 billion in assets; closing expected in Q2 2026 with Vivaldi's principals becoming Corient Partners.
- **2020-10** — Vivaldi acquired San Diego-based Cornerstone Wealth Management (~$182M) and became general partner of the Cornerstone Diversified Portfolio fund, lifting AUM above $3 billion.

## Links

- Website: https://vivaldicap.com
- LinkedIn: https://www.linkedin.com/company/vivaldi-capital-management-lp
- Twitter/X: https://twitter.com/vivaldicap

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Profile page: https://yespress.io/vivaldi-capital-management
Published by YesPress — https://yespress.io
Last updated: 2026-08-19