A family office in the literal sense.
Lily Funds was founded in 2013 by Thomas McManus to manage the family's own capital. Family and friends asked in; a select group of institutions and family offices followed. The firm has never marketed itself, and doesn't intend to start.
Thomas McManus
Founder
Thomas studied economics at St. John's University and began his career at PIMCO. Through the Great Financial Crisis he ran a multi-billion-dollar private investment company — aviation, marinas, and master-planned communities — and brought it through the hardest market in a generation. When a TG Investments subsidiary entered bankruptcy, he restructured it and re-emerged it as managing member and CFO.
He has held four trading licenses across his career, along with a Florida real estate license. Investing and building have always run in parallel — managing portfolios through the same years spent entitling land, developing aviation assets, and operating marinas. He still runs his own book alongside the firm's.
He has served on numerous civic boards, chaired the Fort Lauderdale Beach Development Advisory Board, and co-chaired the campaign that raised $12 million to build a new elementary school for the Jack & Jill Children's Center.
In 2013 he consolidated that work into Lily Funds. The firm was early to the themes it holds today — the space economy, AI and robotics, cybersecurity, and defense — entering while the sectors were still out of favor, and holding since.
M/Y Global
Shadow Marine · 68-meter expedition vessel
Global was the family's expedition vessel, and she worked harder than most. She supported SpaceX's early Falcon 9 water-landing recoveries — and when Hurricane Dorian struck in 2019, she was the first mega-yacht to reach the Abacos, going on to deliver more than ten million pounds of aid alongside World Central Kitchen and Global Empowerment Mission.
Along the way.
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