Overview
Washington Capital Management, Inc. (WaCap) is a 100% employee-owned investment advisory firm headquartered in Seattle, Washington, and established in 1978. The firm specializes in investment management services, particularly for Taft-Hartley trusts, and offers a diverse range of strategies in real estate, fixed income, and stock investments. As of December 31, 2024, WaCap manages over $9.1 billion in assets.
Services
Washington Capital Management provides a broad spectrum of investment services, tailored to maximize returns while managing risk:
- Real Estate: Focuses on both equity and debt management in property investments.
- Fixed Income: Provides strategies such as limited/intermediate maturity, core, core-plus, and high-yield.
- Stocks: Emphasizes mid-cap growth opportunities.
- Advisory Services: Offers comprehensive investment guidance tailored to client needs.
Client Base
WaCap primarily serves union trusts, reflecting its origins in serving the investment needs of organizational benefit obligations. Additionally, the firm caters to:
- Commercial real estate investors seeking equity and debt capital for U.S.-based projects.
- Institutional clients, including pension plans, corporations, and charitable organizations.
Key Executives
- Cory Carlson, MBA: CEO & Vice Chair, steering the firm's strategic direction.
- Paul Ravetta: President & Chief Operating Officer, with expertise in marketing institutional investment management services.
- Mel Morgan Jr., MBA, MAI: EVP, Chief Investment Officer, overseeing real estate appraisal activities for both equity and debt assets.
Recent Developments
WaCap has been active in strategic expansions and acquisitions:
- Increased holdings in Maximus, Inc. by 67.3% in the fourth quarter of 2024.
- Partnered with Emerald Fund to revitalize a key real estate development at 1500 Market Street, San Francisco.
- Acquired Great Point Investors, enhancing its national investment scope with a combined management of $5 billion in assets.
Locations
Washington Capital maintains its headquarters in Seattle and has professionals located in:
- Boston, MA
- Portland, OR
- San Francisco, CA
- Southern California
- Spokane, WA
- Philadelphia, PA
- Atlanta, GA
Financial Performance
Washington Capital has shown robust financial operations, with a significant funding history and a portfolio value estimated at $126,894,833 USD. The firm has raised a total of $9.31 million over eight funding rounds, emphasizing growth and competitive positioning.
Contact Information
Address: 1200 Sixth Avenue, Suite 700, Seattle, WA 98101
Website: [Washington Capital Management, Inc.](https://www.wa-cap.com)
Phone: Accessible via the "Contact Us" page on the company website.
Competitor Profiling
Washington Capital Management
Annual Revenue: $18.8M
Employees: 106
Top Competitors
- Rockefeller Capital Management: Focuses on wealth, asset, and investment management.
- Alexandria Capital: Provides tailored investment and wealth management services, bolstered by strategic investments such as Hightower.
- Fairway America: Specializes in private equity and commercial real estate investments focusing on middle-market opportunities.
Additional Competitors
- Notable entities including MetLife, BlackRock, Fidelity Investments, Morgan Stanley, and Investec.
- Niche groups like The Monument Group and Coastal Enterprises, Inc. (Cei).
Washington Capital Partners
Annual Revenue: $6.4M
Top Competitors
- QuoinStone Investment Management: Real estate management and investments.
- First Myanmar Investment: Diversified financial services and investments, mainly in Asian markets.
- Koramco EP Reit and SMB Financial: Engage in real estate and financial leasing sectors.
Additional Competitors
- Entities such as North Coast Financial, Z Capital, Lantzman Lending, Kings of Capital.
- Rocketreach lists significant competitors like BlackRock, Fidelity Investments, and Invesco US.
Common Competitor Insights
Washington Capital faces competition from both large, global financial entities and specialized industry players.
- Global Financial Giants: Companies like BlackRock and Fidelity offer extensive, diverse financial services, leveraging considerable technological and financial resources.
- Real Estate and Investment Focus: Companies such as QuoinStone and Fairway America demonstrate competitive strengths in asset-based investments and strategy emphasis on real estate.
Strategic Insights
Washington Capital encounters competition from large, diversified financial institutions and specialized investment providers. Strengthening niche offerings, especially in asset management and real estate, may enhance competitive standing. Forming strategic partnerships or leveraging technology could bridge gaps with larger rivals, such as BlackRock and Fidelity.
