As dedicated solution creators, we are driven to provide exceptional support for our clients.

Permanens Capital (PermCap) operates as an Outsourced Chief Investment Officer and Multi-Family Office, delivering comprehensive services specific to the sophisticated, differing needs of our clients.

Per-ma-nens (Latin):

remaining, enduring, persisting, ongoing

PermCap was founded by John Regan and Joe Steinberg in New York City in 2011.

Since then, we opened our second office in Charleston, South Carolina in 2021. With decades of direct investment experience and having served on the boards of non-profit organizations, our leadership understands that it takes a synchronized team, a customized approach, and continual adjustments to successfully navigate the investment markets.

We recognize that there is no one-size-fits-all model in successful investment management. We pride ourselves on offering creative portfolios that are individually tailored to each client’s circumstances – that is, where are they today… and where do they aim to be in the future.

Our Origin Story

Our Origin Story

PermCap founders John Regan and Joe Steinberg met during the 2008 financial crisis while serving on a private NYC high school's investment committee. When the school’s cash operating funds were frozen, John and Joe stepped in and analyzed the problem. They determined that investment service providers often lack direct investment experience, product access, transparency, and that the money management options available to most non-profit institutions were sub-optimal. From there, John and Joe recommended solutions and got the school on track.

The following year, John was recruited to help manage the endowment of an Ivy League university that faced significant issues during the Global Financial Crisis, one of which was an over-allocation to private equity. After straightening out the endowment’s portfolio, John and Joe teamed up again in 2011, when they were sought out by a fast-growing university to manage its endowment. From there, John and Joe founded Permanens Capital to serve as their own family office and to assist families, individuals, and institutions in managing their money and family personal services.

When looking to name their new company, John and Joe chose the Latin word permanens [“per-ma-nens”], which can be translated as “remaining” or “enduring.” This name implies the sense of durability, steadfastness, and persistence that rings true with our firm’s commitment to our clients.

Having served as family office and institutional clients themselves, our founders thoughtfully established a firm equipped to meet the individual needs of our clients.

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