Clarity Capital

Clarity Capital is an investment firm headquartered in Tel Aviv, Israel. Established in 2007, it was originally founded under the name KCPS, formed from the initials of its four founding partners: Tal Keinan, David Steinhardt, Jay Pomrenze, and Sender Cohen. The firm was created during a period when Israel was changing its capital-markets framework and its founders believed that the country could develop a global financial-services industry comparable in international reach to its technology sector. The firm’s business is oriented toward private clients and institutions rather than mass-market retail banking. Its stated client base includes high-net-worth families, institutional investors, arts organizations, educational endowments, and philanthropic endowments. Clarity Capital invests across public equities, fixed income, and alternative investments in global markets. This breadth places it within the asset-management and investment-advisory sector, with a positioning centered on cross-border portfolio management and access to international investment opportunities. Clarity Capital has also been associated with the development of Israel’s financial-services export industry. The company has been described as one of the first significant Israeli firms to export financial services, and it has participated in policy discussions concerning the creation of a global financial center in Israel. Tal Keinan served on advisory and governmental bodies connected with the Ariav Commission, the Bank of Israel, and an Israeli Ministry of Finance task force examining the development of such a center. The firm expanded its international presence in 2013 by establishing an office in New York. That office was managed by David Steinhardt and Laurence Schreiber, both of whom had Wall Street backgrounds. Clarity Capital has held or reported regulatory registrations and licenses with authorities in the United States, Israel, France, and the Canadian province of Ontario, reflecting its cross-border investment activities. Clarity Capital has also incubated or sponsored investment businesses outside its core asset-management operations. KCPS Private Equity, later known as Kedma Capital, was established and initially seeded through the KCPS platform before becoming an independent company. During the global financial crisis, an affiliated vehicle known as KCPS Manof was selected to operate one of the special credit funds created by Israel’s Ministry of Finance. The program was intended to provide Israeli companies with non-bank financing through equity, debt, or a combination of both. KCPS Manof began investing in 2009 and later moved toward returning capital to investors. In 2017, Clarity Capital announced a socially responsible investment strategy developed with Greeneye, an advisory firm specializing in socially responsible investing. This initiative broadened the firm’s offering beyond conventional portfolio construction and reflected growing institutional interest in environmental, social, and governance-related approaches. Overall, Clarity Capital’s identity combines global asset management, investment-advisory services, and a role in the internationalization of Israel’s financial sector.

Clarity Capital was founded in Israel in 2007 by Tal Keinan, David Steinhardt, Jay Pomrenze, and Sender Cohen. It initially operated under the name KCPS, derived from the initials of the founding partners. The founders sought to build a global financial-services business from Israel, drawing on the model of the country’s internationally oriented technology sector. The company’s formation followed changes to Israel’s capital-markets framework that began in the middle of the 2000s. According to the firm’s historical account, earlier regulatory and structural conditions made it difficult to establish a global financial center in Israel. After reforms were introduced, the founders identified an opportunity to create an investment business capable of serving international clients and exporting financial expertise from Israel. Clarity Capital subsequently became associated with the emergence of Israel’s cross-border financial-services sector. The firm developed an investment platform serving wealthy families and institutions, including cultural, educational, and philanthropic endowments. Its investment activity covers global public equities, fixed income, and alternative assets. In addition to managing portfolios, the organization became involved in the creation or sponsorship of specialized investment vehicles. KCPS Private Equity, later renamed Kedma Capital, was initially established and capitalized through the KCPS platform before being separated as an independent business. During the global financial crisis, Israel’s Ministry of Finance established special credit funds intended to support domestic companies and provide financing beyond the banking system. Clarity Capital was selected as one of four managers of these funds through the KCPS Manof vehicle. The fund began making investments in 2009 using equity, debt, or hybrid financing and later concentrated on returning capital to investors. Clarity Capital also participated in public-policy discussions about Israel’s financial infrastructure. Tal Keinan served on advisory bodies associated with the Ariav Commission, the Bank of Israel, and a Ministry of Finance task force concerned with creating a global financial center in Israel. These activities linked the company’s commercial development with broader national efforts to internationalize Israel’s capital markets. In 2013, Clarity Capital opened a New York office. David Steinhardt, a Wall Street professional and one of the firm’s founders, managed the office with Laurence Schreiber, another experienced financial-services executive. The firm has reported regulatory licensing or registration in the United States, Israel, France, and Ontario, supporting its ability to conduct or advise on investment activity across multiple jurisdictions. In 2017, the firm announced a socially responsible investment strategy in partnership with Greeneye. The initiative extended Clarity Capital’s investment range into a field that emphasizes social and environmental considerations alongside financial analysis. Clarity Capital’s documented development therefore combines the expansion of an Israeli investment manager, the creation of affiliated private-market vehicles, participation in state-backed credit initiatives, and an effort to serve global clients from an Israeli base.

1. 2017Socially responsible investment strategy announced

   The firm announces a socially responsible investment strategy developed with Greeneye.

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2. 2013New York office opens

   Clarity Capital establishes a New York office to support its international business, with David Steinhardt and Laurence Schreiber involved in its management.

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3. 2009KCPS Manof begins investing

   The affiliated KCPS Manof vehicle begins making investments under an Israeli government-backed special-credit-fund program created to support domestic companies during and after the global financial crisis.

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4. 2007Clarity Capital is founded as KCPS

   Tal Keinan, David Steinhardt, Jay Pomrenze, and Sender Cohen establish the firm under the KCPS name to develop an internationally oriented financial-services business in Israel.

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A cross-border Israeli investment firm focused on high-net-worth families, institutional investors, endowments, and philanthropic organizations, with capabilities spanning public markets, fixed income, alternatives, and socially responsible investing.

• Global public-equity strategiesPublic-market investment management

  Clarity Capital invests in publicly traded equities across global markets for private and institutional clients. The available reference material does not specify individual funds, benchmarks, sector mandates, or portfolio-construction methods, but identifies public equity as one of the firm’s principal investment areas.

• Fixed-income strategiesPublic-market investment management

  The firm provides investment exposure to fixed-income markets as part of its broader asset-management platform. Specific bond products, maturities, currencies, and risk targets are not identified in the available material.

• Alternative investmentsAlternative asset management

  Alternative investments form another component of Clarity Capital’s global offering. The category encompasses the firm’s involvement with private equity and special-credit vehicles, although the available sources do not provide a complete current fund list or detailed strategy specifications.

• KCPS Private Equity / Kedma CapitalPrivate equity2006

  KCPS Private Equity was established and initially seeded through the KCPS platform associated with Clarity Capital. It was subsequently renamed Kedma Capital and spun off, becoming an independent company rather than remaining a core Clarity Capital operating unit.

• KCPS ManofSpecial credit fund2009

  KCPS Manof was an affiliated special-credit vehicle selected to participate in an Israeli Ministry of Finance program created during the global financial crisis. It provided Israeli companies with non-bank financing through equity, debt, or both, began investing in 2009, and later focused on returning capital to investors.

• Socially responsible investment strategySocially responsible investment2017

  Announced in 2017 with Greeneye, this strategy added socially responsible investment considerations to Clarity Capital’s offering. The available sources do not specify its assets, mandate, geographic scope, or current availability.

• 2017Socially responsible investment strategy

  Global

  Clarity Capital announced a socially responsible investment strategy in partnership with Greeneye, an advisory firm focused on socially responsible investing.

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• 2017Launch a socially responsible investment strategyProduct launch

  Growing interest in investment approaches that incorporate social and environmental considerations created an opportunity to broaden the firm’s strategy range.

  What changed. Clarity Capital announced a socially responsible investment strategy with Greeneye.

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• 2013Expand into New YorkStrategy

  Clarity Capital sought to support its international client base and broaden its presence in a major global financial center.

  What changed. The firm opened a New York office managed by David Steinhardt and Laurence Schreiber.

  Aftermath. The New York office became part of the firm’s cross-border operating structure.

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• 2007Build a global financial-services firm from IsraelStrategy

  The founders believed that post-reform Israeli capital markets could support an internationally oriented financial-services industry modeled in part on the global reach of Israeli high technology.

  What changed. They established KCPS, later known as Clarity Capital, to serve international investment clients from an Israeli base.

  Aftermath. The firm became associated with the export of Israeli financial services and later expanded its international footprint.

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• 2017Clarity Capital launches a socially responsible investment strategy

  The firm announced a socially responsible investment strategy in collaboration with Greeneye, an adviser specializing in socially responsible investing.

  CampaignProduct launch
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• 2013Clarity Capital establishes a New York office

  Clarity Capital expanded its international operating footprint by opening a New York office managed by David Steinhardt and Laurence Schreiber.

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1. Clarity Capital