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Blue Field Capital operates as a private equity real estate sponsor and manager, specializing in the acquisition and development of multifamily assets. The firm targets growth markets across the Intermountain West, Southwest, and Midwest, leveraging strategic deal selection, conservative debt financing, and proactive asset management to generate strong risk-adjusted returns.
Founded in 2013, Blue Field Capital began as an investment fund, capitalizing on its founders' legal and real estate expertise. This insight drove its initial focus on real estate acquisition and development opportunities. The team expanded in 2018, incorporating additional sponsor experience to bolster its operational framework.
The firm serves investors seeking real estate exposure, offering direct, deal-by-deal investments or diversified fund structures. Blue Field Capital’s vision is to consistently deliver robust, risk-adjusted returns through disciplined investment strategies and meticulous asset management, ensuring sustained growth and value creation across its portfolio.
Key people at Blue Field Capital.
Blue Field Capital was founded in 2013 by Justin VandenAkker (Co-Founder & MD / Partner) and Karl Israelsen (Co-Founder & Managing Director / Partner).
Blue Field Capital has 4 tracked investments across 4 companies. The latest tracked deal is $8.0M Other Equity in Stake in March 2026.
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| Mar 11, 2026 | Stake | $8.0M Other Equity | Lago Innovation Fund | Gaingels, Hamilton Ventures, HUB Angels, RET Ventures, Second Century Ventures |
| Jul 25, 2022 | DigiBuild | $4.0M Seed | — | Build Technologies, Cathexis Ventures, Chain Reaction Boston, Draper Associates, Harvard University, M. H. Carnegie & CO., Orange DAO, Picus Capital, Y Combinator |
| Sep 1, 2021 | Stake | $4.0M Seed | Nick Durham | AngelList, Ballistic Ventures, Insight Partners, Lightspeed India Partners, Rajan Anandan, Silicon Valley Connect, Ellen Levy, Gaingels, Hampton VC, Alexandria Lafci, Olive Tree Holdings |
| Jun 1, 2021 | Stayflexi | $2.0M Seed | — | Steven Kamali, Swann Maizil, Baskar Puvanathasan, Jonathan Wasserstrum, Mohit Srivastava, Kunal Lunawat, Asymmetry Ventures, Good News Ventures, Aaron Epstein |
Key people at Blue Field Capital.
Blue Field Capital was founded in 2013 by Justin VandenAkker (Co-Founder & MD / Partner) and Karl Israelsen (Co-Founder & Managing Director / Partner).
