Disciplined Capital. Strategic Execution. Principled Stewardship.
Onyx Capital is a vertically integrated real estate credit platform focused on asset-backed lending, liquidity in capital growth, and long-term value creation.
The Thesis
Protection, execution,
principled stewardship.
Our thesis is built on two complementary pillars: liquidity as the engine of capital growth, and real estate as the foundation for durable, long-term appreciation. Together, they form a strategy designed to compound growth over time.
01 · Vertical
Growth
A subfund of Armada Technologies Group. Institutional-grade quantitative strategy with audited performance and a defined liquidity plan.
02 · Vertical
Real Estate
Vertical integration across origination, development oversight, construction execution, collateral management, and disposition.
03 · Vertical
Debt
Senior secured, asset backed lending engineered for capital preservation first and durable, risk adjusted yield second.
Infrastructure & Security
Enterprise-grade architecture.
Independent oversight.
Onyx Capital is built on institutional infrastructure with independent service providers at every critical layer, administration, legal, and performance verification, to ensure absolute transparency and asset protection.
Fund Administrator
Caruso
Independent third-party fund administrator. Calculates the official Net Asset Value (NAV), maintains capital accounts, processes subscriptions and redemptions, and delivers monthly performance statements directly to LPs via a secure portal.
Legal Counsel
Clarkson PLLC
Structured the ongoing fund vehicle and maintains regulatory compliance. Most recent formal compliance opinion rendered September 2025.
Performance Verification
Alpha Performance Verification
Led by Michael W. Hultzapple, CPA, CFA, CIPM. Rigorous third-party auditing verifies gross and net returns, ensuring data integrity before dissemination to prospective allocators.
Investors manage capital via the secure Caruso portal, with direct visibility into official month-end NAV, high-water marks, and fee calculations.
Let's Build Something That Lasts
Whether you're seeking capital for your next opportunity, exploring a strategic partnership, or interested in learning more about our platform, we'd welcome the conversation.