AJ CAPITAL MANAGEMENT LLC


AJ Capital Management LLC, a Delaware limited liability company (the “Investment Manager”), and its advisory affiliates provide investment advisory services to investment funds privately offered to qualified investors in the United States and elsewhere.The Adviser commenced investment advisory operations in December 2017. AJ Capital Management, LLC, which is headquartered in Chicago, Illinois, is the registered investment advisory affiliate of Adventurous Journeys, a vertically-integrated real estate developer and owner.
The following general partner and manager entities are affiliated with the Adviser:  AJ Capital Fund II GP LLC, a Delaware limited liability company (the “Fund II GP”);  Graduate Hotels Fund III GP LLC, a Delaware limited liability company (the “Fund III GP”).
 AJ Phase I Manager LLC, a Delaware limited liability company (the “Phase I Manager”); and  AJ Phase II Manager LLC, a Delaware limited liability company (the “Phase II Manager”) Each of Fund II GP, Fund III GP, Phase I Manager, and Phase II Manager (each a “General Partner” or “Manager” and together with the Investment Manager, “AJ Capital”) is affiliated with the Investment Manager and is subject to the Advisers Act pursuant to the Investment Manager’s registration in accordance with SEC guidance. This Brochure also describes the business practices of the General Partners and Managers, which operate together with the Investment Manager as a single advisory business.
AJ Capital’s clients include the following investment vehicles:  Graduate Hotels Real Estate Fund III LP, a Delaware limited partnership (together with any feeder vehicles, parallel funds, alternative investment vehicles and other special purpose entities, “Fund III”);  AJ Capital Real Estate Fund II LP, a Delaware limited partnership (together with any feeder vehicles, alternative investment vehicles and other special purpose entities, “Fund II”)  AJ Nashville Phase I Opportunity LLC, a Delaware limited partnership (together with any feeder vehicles, parallel funds, alternative investment vehicles and other special purpose entities, “Phase I”); and  AJ Nashville Phase II Opportunity Fund LLC, a Delaware limited partnership (together with any feeder vehicles, parallel funds, alternative investment vehicles and other special purpose entities, “Phase II” and together with Fund II, Fund III, Phase I and any future private investment fund to which AJ Capital provides investment advisory services, the “Funds”).
The Funds are private real estate funds and invest through negotiated transactions in properties and other real estate-related securities and assets, generally referred to herein as “portfolio investments.” AJ Capital’s investment advisory services to the Funds consist of identifying and evaluating investment opportunities, negotiating the terms of investments, managing and monitoring investments and achieving dispositions for such investments.
AJ Capital’s advisory services are detailed in the applicable private placement memoranda or other offering documents (each, a “Memorandum”), investment management agreements, limited partnership or other operating agreements or governing documents (each, a “Partnership Agreement”) and are further described below under “Methods of Analysis, Investment Strategies and Risk of Loss.”Investors in the Funds participate in the overall investment program for the applicable Fund. A Fund or AJ Capital may enter into side letters or other similar agreements with certain investors that have the effect of establishing rights (including with respect to the Management Fee (as defined below), other economic provisions or other terms) under, or altering or supplementing the terms of, the relevant Partnership Agreement with respect to such investors.
Additionally, from time to time and as permitted by the relevant Partnership Agreement, AJ Capital has the ability to provide (or agree to provide) co-investment opportunities (including the opportunity to participate in co-invest vehicles) to certain investors or other persons, including other sponsors, market participants, finders, consultants and other service providers, AJ Capital’s personnel and/or certain other persons associated with AJ Capital and/or its affiliates (e.g., a vehicle formed by AJ Capital’s principals to co-invest alongside a particular Fund’s transactions). Such co-investments typically involve investment and disposal of interests in the applicable portfolio investment at the same time and on the same terms as a Fund making the investment. However, from time to time, for strategic and other reasons, a co-investor or co- invest vehicle may purchase a portion of an investment from one or more Funds after such Funds have consummated their investment in the portfolio investment (also known as a post-closing sell-down or transfer). Any such purchase from a Fund by a co-investor or co-invest vehicle generally occurs shortly after the Fund’s completion of the investment to avoid any changes in valuation of the investment. Where appropriate, and in AJ Capital’s sole discretion, AJ Capital is authorized to charge interest on the purchase to the co-investor or co-invest vehicle, and to seek reimbursement to the relevant Fund for related costs. However, to the extent such amounts are not so charged or reimbursed, they generally will be borne by the relevant Fund.
AJ Capital is principally owned and controlled by Ben Weprin. As of December 31, 2018, AJ Capital managed approximately $925,638,412 in client assets on a discretionary basis.
please register to get more info

Open Brochure from SEC website
Assets
Pooled Investment Vehicles $1,349,377,871
Discretionary $1,349,377,871
Non-Discretionary $
Registered Web Sites

Related news

Randolph will be ‘laughed at’ if name changes to Graduate

Last month Graduate Hotels, owned by Adventurous Journeys (AJ) Capital Partners, announced that it has acquired the Macdonald Randolph Hotel in Beaumont Street. In a statement the Chicago-based ...

Macdonald changes tack on sale plans and Rusacks at St Andrews set for major extension

Asked about the dropping of the previous plan, and the agreement unveiled yesterday to sell the Rusacks and Randolph to Chicago-based AJ Capital Partners, a spokesman for Macdonald Hotels said ...

Graduate Hotels

Created by AJ Capital Partners founder and CEO Ben Weprin ... (It has the capital: Weprin oversees two real estate investments funds, which have raised $1.5 billion.) Outposts in Seattle and ...
Loading...
No recent news were found.