Permanens Capital

What they do

Founded in 2011 by John Regan and Joe Steinberg, PermCap provides customized, CIO-style portfolio management for non-profits, universities, churches, and multi-generational families. The firm acts as a sophisticated allocator, investing client assets across independent fund managers, ETFs, mutual funds, and direct alternative investments. Originally based in New York City, the firm moved its headquarters to Charleston, SC, and has built a strong reputation for capital preservation, risk-adjusted returns, and bespoke financial solutions.

What they look for

PermCap focuses on capital preservation, risk-adjusted returns, and bespoke portfolio construction. They explicitly state that there is "no one-size-fits-all model" in investment management. They tailor asset allocation to the specific liquidity needs, time horizons, and missions of their clients. As an allocator, they look for independent investment managers (hedge funds, private equity, venture capital) with strong track records and transparent operations. For direct investments, they look for opportunistic, dislocated assets or high-conviction alternative plays alongside top-tier lead investors.

Stage

Series B+

Sectors

Fintech, Proptech

Based

Charleston, US