We participate in a wide range of investment opportunities through strategic partnerships, joint ventures, direct investments, and co-investments. We work with innovative, world-class single and multi-family offices, their funds, foundations and portfolio companies. We invest up and down the capital stack in a wide range of asset classes including private equity and debt, hedge funds, venture capital, and real estate.
Devon Capital was created in 2010 to manage the financial affairs of the Gorki family upon the death of Sol Gorki – Matthew Shapiro’s maternal grandfather. Sol Gorki was not only brave for surviving the Holocaust but also entrepreneurial. When he moved to America, he was able to raise enough capital to create a religious article import/export business in 1950 called Devon Trading Company. The Company mainly imported Catholic items from Europe and sold them to churches throughout the US. He successfully ran the business for 40 years until he sold to his partner in 1990. The majority of the proceeds were used to buy real estate across New Jersey. The real estate portfolio has since expanded to properties in Manhattan, Brooklyn, Queens and Westchester. In addition, the family has diversified into hedge funds, private equity and private credit. Matthew Shapiro has managed the family office since 2010.
Mr. Shapiro is the Managing Member of Devon Capital.
He brings almost 2 decades of corporate finance, real estate and investing experience with $4 billion of capital raised across corporate finance transactions, private equity and asset management. He spent 11 years at Alliance Bernstein from 2008 – 2019 as an advisor to family offices, high net worth clients and philanthropic organizations. Prior to that, he worked for the CFO as VP of Capital Markets for Capital Trust, a publicly traded real estate finance company founded by Sam Zell and began his career in the investment banking group of Bear Stearns & Co.
Mr. Shapiro earned a BS, cum laude, in economics from the Wharton School of Business at the University of Pennsylvania.
Mr. Shapiro is active in his neighborhood in Manhattan serving on the Board of his cooperative apartment as well as the Lenox Hill Hospital New Leadership Council. He also spends a great deal of time fundraising for the University of Pennsylvania. Matthew and his wife, Lindsey, live on the Upper East Side with their daughter, Sloan, and son, Drew.