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.