AdFi
CI

CAPITAL INNOVATIONS, LLC

SEC Registered

Focused on Income Oriented Real Asset Investing

WAUKESHA, WIhttps://capinnovations.com262-746-3100
Assets Under Management
$500M–$1B
Year Founded
2007
Employees
4
Office Locations
1 office
Total Accounts
9

About the firm

Capital Innovations is a leading global alternative investment manager offering clients complementary public and private investment solutions across the infrastructure, real estate, and natural resources asset classes since 2007. The firm is 100% employee owned and 51% female owned, operating as a nimble boutique asset manager with a stable global platform. It specializes in real assets, delivering client solutions in multiple liquidity styles through public and private markets groups.

Firm Focus

Client segments reported on the firm's SEC Form ADV — applies to all advisors at the firm.

High Net WorthInvestment CompaniesPension/Profit SharingState/Municipal

Areas of expertise

Real AssetsInfrastructureReal EstateNatural ResourcesListed Infrastructure EquityReal Estate SecuritiesNatural Resource EquitiesPreferred SecuritiesIncome SolutionsPrivate MarketsPublic Markets+4 more

Services

Public and private investment solutions across infrastructure, real estate, and natural resources asset classes; separately managed accounts in global thematic areas covering real estate securities, listed infrastructure equity, natural resource equities, preferred securities, and other income solutions; private market real assets through primary, secondary fund investments, and direct/co-investments; available through institutional accounts, U.S. registered mutual funds, and onshore and offshore limited partnerships.

Who they serve

Institutional and individual investors worldwide, including clients who appreciate individualized account management, diversification, and a high level of personal service.

Client segmentClientsAssets managed
Insurance Companies5

3 total clients reported on Form ADV.

Leadership

Susan Laura Dambekaln
MANAGING PARTNER, CCO
Michael David Underhill
CHIEF EXECUTIVE OFFICER
Michael David Underhill
MANAGING MEMBER

Office locations

1 office in 1 state
WI
WAUKESHAHQ

Advisors at this firm

1 advisor in the directory

Regulatory & compliance

CRD number
#145329
SEC Number
801-72322
Disciplinary History
No
Fee Model & Minimums
Model: AUM / Flat Fee
Minimum: $250,000 (waivable)
Asset tierAnnual rate
First $50mm0.75%
Next $50mm0.65%
Next $100mm0.50%
Above $200mm0.00%

Data as of March 31, 2026 · Source: SEC IAPD & FINRA BrokerCheck

Contact Information

Editorial disclosure

This profile was compiled and published by AdvisorFinder as editorial content using publicly available information from the SEC's IAPD database and FINRA BrokerCheck. CAPITAL INNOVATIONS, LLC has not reviewed, approved, or endorsed this profile and is not responsible for its accuracy. Regulatory records change over time — always verify the current record directly on the SEC or FINRA websites before making any decision.

BrokerCheck data is used subject to the FINRA BrokerCheck Terms of Use. Found something inaccurate? Report inaccurate data and we will correct any error we introduced. Errors in the underlying BrokerCheck record itself are referred to FINRA, which maintains that record.

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