Black Walnut Advisory

A U.S.based investment and advisory firm operating across global capital markets and
U.S. real estate.

Explore Our Practice
Black Walnut Advisory
Capital Markets & Real Estate

The Firm

Black Walnut Advisory provides institutional-grade capital raising advisory to companies — delivered with precision and discretion.

On the investor side, the firm connects capital to curated investment opportunities across equity, hedge funds, alternative strategies, and real estate.

20+
Years of experience
100+
International bank relationships
Our Vision

We build long-term relationships with our clients, grounded in trust, professionalism, and alignment of interests.

Value Chain

Comprehensive solutions with long-term partnership and execution support across the full investment lifecycle.

Capital Raise Advisory

We advise companies from the initial decision to raise capital, through transaction structuring and execution — providing full support across complex processes including mergers, public listings, and partial or full exits.

Investment Strategy

We design bespoke investment frameworks tailored to each client — individual, corporate, or institutional — with a disciplined focus on balancing risk and return in line with each investor's risk appetite.

Real Estate Acquisition

Direct acquisition of assets and value-add development in select U.S. markets — utilizing proprietary and investor capital, underpinned by disciplined underwriting standards.

What We Do

Black Walnut Advisory operates across two integrated disciplines — capital markets and real estate. Each mandate is executed with the same institutional standard: rigorous analysis, decisive structuring and an unwavering focus on long-term value.

Pillar One

Capital Raise Advisory

Our capital markets activity is built around a single principle: connecting capital to opportunity with precision and speed.

We advise and execute transactions for companies seeking access to public markets, including SPAC transactions, Initial Public Offerings (IPOs), Reverse Mergers, and Direct Listings — as well as private transactions: Private Placements and Debt Issuance.

For investment funds, we originate institutional capital across multiple strategies, leveraging a global network of over 100 financial institutions, family offices, and investors worldwide. Portfolio management represents an additional pillar — allocating and structuring capital across asset classes and geographies in line with defined return objectives and risk mandates.

SPACs & IPOs Private Placement Debt & Equity

Black Walnut Advisory role is limited to that of a strategic advisor and does not extend to execution, underwriting, or securities distribution.

Pillar Two

Real Estate

Our real estate platform operates with the rigor of a dedicated investment strategy — targeting investments in select U.S. markets, acquisition of residential and commercial assets, and value-add and ground-up development programs.

Our brokerage capabilities provide access to off-market opportunities and full representation throughout the negotiation process. Asset management and long-term property management complete the platform — ensuring alignment with investor objectives and ongoing value creation.

Acquisitions Development Brokerage

Leadership

Our Team

Nili Kronfeld
Nili Kronfeld
Founder & CEO
Debt & Real Estate

Nili is the Founder and CEO of Black Walnut Advisory. She brings over 20 years of experience in global capital markets with deep expertise in fixed income and real estate — leading the firm's debt and real estate mandate.

She served as Head of Global Fixed Income at a leading Israeli Investment House for eight years — executing transactions with local institutions, UHNW individuals and over 100 international banks across the full spectrum of global bond markets. Prior to that she held a senior trading role at a leading Israeli Insurer for seven years.

Education & Credentials
  • B.A. in Economics and Business Management — Ben-Gurion University
  • Portfolio Management Licensed by the Israel Securities Authority
  • Series 3 — National Commodity Futures Examination (FINRA)
  • Pre-tests of the Ministry of Justice for real estate appraisals
Shay Kronfeld
Shay Kronfeld
Founder & Managing Partner
Equity & Capital Markets

Shay is the Founder and Managing Partner of Black Walnut Advisory. An investment banker and entrepreneur with over 20 years of experience on Wall Street across capital markets and investment banking.

He held senior roles at Maxim Group and HC Wainright & Co. in New York before leading Maxim Group's investment banking efforts in Israel — originating transactions in Technology, Biotech and Healthcare. Over the course of his career he built a principal network spanning Israel's leading founders, business leaders and the VC and PE communities alongside institutional and UHNW investors globally.

Shay has executed over $4 billion in capital raising and M&A transactions.

Education
  • B.A. in Economics and Business Management — Reichman University

Contact Us

We welcome introductions from institutional investors, family offices and high-net-worth individuals seeking sophisticated investment solutions in the U.S. market.

Address
1221 Brickell Ave., Suite 900
Miami, FL 33131 — USA
Phone
Email