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Adviser Profile

As of Date 03/25/2024
Adviser Type - Large advisory firm
Number of Employees 16 6.67%
of those in investment advisory functions 13 8.33%
Registration SEC, Approved, 3/31/2017
AUM* 1,544,353,018 8.74%
of that, discretionary 1,544,353,018 8.74%
Private Fund GAV* 1,306,356,101 57.85%
Avg Account Size 257,392,170 8.74%
SMA’s Yes
Private Funds 3 1
Contact Info 312 xxxxxxx
Websites

Client Types

- Pooled investment vehicles
- State or municipal government entities
- Insurance companies

Advisory Activities

- Portfolio management for pooled investment vehicles
- Portfolio management for businesses

Compensation Arrangments

- A percentage of assets under your management
- Performance-based fees

Recent News

Reported AUM

Discretionary
Non-discretionary
1B 1B 1B 812M 609M 406M 203M
2017 2018 2019 2020 2021 2022 2023

Private Funds



Employees

Private Funds Structure

Fund Type Count GAV
Fund TypePrivate Equity Fund Count3 GAV$1,306,356,101

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Brochure Summary

Overview

JLC, a Delaware limited liability company, was formed in 2015 with its office headquarters in New York, New York. The Company is ultimately owned by entities or trusts owned or controlled by James Reynolds, Earvin Johnson, Eric Holoman and Marlon Smith. Mr. Reynolds, Mr. Smith, Mr. Holoman, Robert Keough, and Andrew Kim serve as Managing Directors of the Company (together, the “Managing Directors”). JLC provides discretionary investment advisory services to a private pooled investment vehicles (individually, a “Fund” and collectively, the “Funds”) offered to investors on a private placement basis. Investment advice is provided directly to the Funds and not individually to the limited partners or investors in a Fund (the “Investors”). JLC has related entities that will serve as the general partners for the Funds (the “General Partner”). All references to JLC in this brochure should be read to include the General Partners, unless otherwise indicated. The interests in the Funds are not registered under the Securities Act of 1933, as amended, and the Funds are not registered under the Investment Company Act of 1940, as amended. Accordingly, interests in the Funds are offered and sold exclusively to investors satisfying the applicable eligibility and suitability requirements in private transactions within the United States. Any such offer or solicitation of interests will be made pursuant to the confidential private placement memoranda for the Funds (the “PPM”), which should be read carefully prior to investing for a description of the merits and risks of such an investment. The Funds are managed according to the terms set forth in the Funds’ limited partnership agreement and/or other governing documents applicable
to the Funds (the “Governing Documents”), and the investment objectives for the Funds are set out in the Governing Documents and the PPM that have been provided to Investors (collectively, the “Offering Documents”). The roles and responsibilities of JLC will be defined in the Advisory Agreement among JLC, the General Partner, and the Funds (the “Advisory Agreement”). Additionally, from time to time and as permitted by the Governing Documents, JLC also provides co-investment opportunities (including the opportunity to participate in co-invest vehicles either directly or through separate account/fund of one structures) to certain Investors or other persons. Such co-investments involve investment and disposal of interests in a Portfolio Company (defined below) at the same time and on the same terms as the 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 a Fund after such Fund has consummated its investment in the Portfolio Company (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, and the co-investor or co- invest vehicle may be charged interest on the purchase (or the purchase price may otherwise be equitably adjusted under certain conditions) to compensate the relevant Fund for the holding period, and generally will be required to reimburse the relevant Fund for related costs. As of the date of this brochure, JLC has appx. $1,544,353,000 in regulatory assets under management across two Funds and four co-investment structures.