Family Offices
Paul Allen’s Family Office Spins Out $8 Billion Manager
- Vulcan Capital is now Cercano and open to outside capital
- Minimum client account will typically be $100 million
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The family office of Microsoft Corp. co-founder Paul Allen has spun out its investment-management group into a standalone business catering to the world’s super-rich.
Vulcan Capital is now Cercano Management and oversees investment assets for the estate and family foundation of Allen, who died in 2018, according to a representative of the family office, Vulcan Inc. It’s led by former Vulcan Capital Chief Investment Officer Chris Orndorff and allocates across public markets, private equity, private credit and real estate, according to a November registry filing.