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Cheltenham Enterprises is a family office for the investment activities of the Weisman Family. Marc Weisman served as Co-Managing Partner of Sagaponack Partners, LP, a corporate growth capital private equity fund, from 1996 to 2009. The Weisman Family investment activities consist of three distinct segments. The first segment is the allocation of investment capital among managers in the public marketplace, including publicly traded stocks, bond and master limited partnerships. The second segment is the active management of investments in the public marketplace without the assistance of an outside manager. The last is investing in private transactions, both corporate and real estate related, including equity, senior and mezzanine debt and preferred equity opportunities. The Weisman Family seeks to invest between $500,000 and $5.0 million of its own capital in a given investment opportunity and to the extent an opportunity exceed these parameters, Cheltenham Enterprises will seek to lead a group of one or more of its historical co-investors to aggregate the necessary size. Cheltenham seeks to invest opportunistically primarily in real estate. The firm will invest in other hard assets such aircraft/ vessels, equipment, rolling stock, inventory, and cash flow based contract rights. Cheltenham provides senior secured loans, and will also structure mezzanine or preferred equity allowing the capital seeker to reap the benefits of their projections. The firm prefers to protect its downside and seeks a minimum of 15% IRR.
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