Andy is the Managing Member of ValFund, which he founded in 2004. In 1999, Andy relocated to his hometown of Memphis, Tennessee to develop Soulsville (, one of the largest inner city revitalization projects in the United States, as its Project Developer and founding Board Chairman.  In the summer of 2000, he began working with a team of business and civic leaders to attract the Vancouver Grizzlies National Basketball Association franchise to Memphis, Tennessee, and to get public support for the team’s arena (FedExForum).  The “Pursuit Team” was successful in its efforts, and Andy became a member of the original local ownership group.

In 1996, Andy was a founding partner in Viceroy Investments, LLC which has been the General Partner in over $150 Million of commercial real estate transactions.  Andy focused the majority of his time from late 1996 to early 1998 repositioning and eventually selling the Lomas & Nettleton Corporate Campus that Viceroy purchased out of bankruptcy. Since 1998, he has continued his affiliation with Viceroy and is currently a partner in two Viceroy sponsored partnerships. Andy began his real estate career in Dallas, Texas, where he worked as an Analyst and later an Associate for Crow Investment Trust (now called Crow Family Holdings).  At Crow, he was a member of a team responsible for partnership and loan workouts, office and industrial acquisitions, asset management, and commercial development.

Andy earned a Bachelor of Business Administration (Finance) degree at the University of Texas at Austin and was inducted into the Order of Omega National Honor Society and the Omicron Delta Kappa Leadership Society. In 2001, he was inducted into Lambda Alpha International, an honorary land economics society. In 2009, he was elected to the Board of Directors of Pioneer Natural Resources (NYSE:PXD) and re-elected to a second term in 2012. Pioneer was the best performing publicly traded energy company from 2009 – 2014.  He previously served on the board of PICO Holdings (NASDAQ:PICO) and currently serves on the Board of the Myelin Repair Foundation (, a leading medical research organization based in Saratoga, California.  Andy and his wife Allison (former Audit Manager at Price Waterhouse) have very active twin children.


Ashton is a partner in ValFund and is also the President of Rock Creek Capital, an alternative asset manager with significant land holdings throughout the southeast.

Previously Ashton practiced law with the firm of Parker, Hudson, Rainer & Dobbs LLP, where his legal practice was primarily focused on corporate finance, mergers and acquisitions, general corporate law and securities law.

Ashton was a former owner and manager of Timbervest, LLC, one of the first Timber Investment Management Organizations and currently serves on the board of Forestar Group, Inc. (NYSE: FOR).   He is the past Chairman of the Board of Directors of the Jacksonville Electric Authority, the seventh largest municipally owned utility in the United States.  He has previously served on the Transition Teams for Florida Governor Rick Scott and Jacksonville, Florida Mayors John Peyton and Lenny Curry.

He earned his B.S., cum laude, in business and accountancy, from Wake Forest University in 1994.  He received his J.D., magna cum laude, in 1997 from the Wake Forest University School of Law, where he was a Cooke Foundation Scholar, Articles Editor of the Law Review, member of the Moot Court Board and Order of the Coif.

He and his wife Mandy reside in Atlantic Beach, Florida with their two sons Palmer and Ryland.


Matt serves as an Acquisition Associate for Value Acquisition Fund and serves as VP of Acquisitions for RVC Outdoor Destinations (a related company). Upon graduating from the University of Memphis with a Bachelors of Business Administration in Finance, he was an analyst for commercial real estate development with Loeb Properties and an Investment Banking Analyst intern in Public Finance at Morgan Keegan, now Raymond James. Before joining the Val Fund team, Matt was the Senior Analyst and Registered Appraisal Trainee for Valbridge Property Advisors, a national commercial real estate appraisal firm.

In addition to asset management and deal sourcing roles for Val Fund, Matt is active in all aspects of site selection, market analysis, asset management and purchase as well as development strategy for RVC Outdoor Destinations.

Outside of the commercial real estate world, Matt is a professional musician with a 10-year career as a live and studio guitarist along with years of teaching, song-writing and studio production.


Gladys is the Office Manager and Research Analyst for Val Fund and RVC USA (a related company). Gladys graduated from the University of Tennessee at Martin with a degree in Business Administration. After working twenty years in telecommunications, Gladys managed an Executive Suites business before joining Val Fund.