Investment adviser · CRD 291880

AJ CAPITAL MANAGEMENT LLC

Investment adviser filing (IA)

NASHVILLE, TN, United States · Form ADV filed May 6, 2026

Regulatory AUM
$2.64B
Form ADV · Item 5.F
Client accounts
41
Accounts, not individual clients
Employees
112
Reported in this filing
Advisory professionals
32
Investment advisory functions

Who they report serving

Form ADV · Item 5.D

Client types and their share of reported regulatory assets.

Client typeClientsRegulatory assetsShare of AUM
Pooled investment vehicles41$2,636,817,438100.0%
Filing source

Form ADV 2103626 · May 6, 2026 · Item 5.D

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

Private funds & service providers

42 Private funds

The count excludes feeder funds. Funds in the latest filing appear first, ordered by reported gross assets. Earlier funds retain their last reported values.

GRADUATE HOTELS REAL ESTATE FUND III LPReal Estate Fund · Last reported May 6, 2026$990MGross asset value

Form D fundraising filings

GRADUATE HOTELS REAL ESTATE FUND III LP

Fund administrator BAKER TILLY US, LLP CHICAGO, Illinois, United States Investor statements: Yes (provided to all investors) Related to adviser: No
Auditor RSM US LLP CHICAGO, Illinois, United States
Custodian WINTRUST BANK CHICAGO, Illinois, United States Related to adviser: No
Provider details
Annual audit
Yes
Prime brokers
No
Custodians
Yes
Administrator other than the adviser
Yes
External marketing
No

RSM US LLP
PCAOB 49

WINTRUST BANK
LEI 54930023LB6WKY815P13

Fund details & source
Fund ID
805-4894391512
Reported beneficial owners
515
Minimum commitment
$0
Form D file number
021-506450

Form ADV 2103626 · May 6, 2026 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

AJ NASHVILLE PHASE III OPPORTUNITY FUND LLCReal Estate Fund · Last reported May 6, 2026$232MGross asset value

Form D fundraising filings

AJ NASHVILLE PHASE III OPPORTUNITY FUND LLC

Fund administrator BAKER TILLY US, LLP CHICAGO, Illinois, United States Investor statements: Yes (provided to all investors) Related to adviser: No
Auditor ERNST & YOUNG LLP CHICAGO, Illinois, United States
Custodian WINTRUST BANK CHICAGO, Illinois, United States Related to adviser: No
Provider details
Annual audit
Yes
Prime brokers
No
Custodians
Yes
Administrator other than the adviser
Yes
External marketing
No

ERNST & YOUNG LLP
PCAOB 42

WINTRUST BANK
LEI 54930023LB6WKY815P13

Fund details & source
Fund ID
805-7656108060
Reported beneficial owners
186
Minimum commitment
$0
Form D file number
021-404282

Form ADV 2103626 · May 6, 2026 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

GRADUATE HOTELS REAL ESTATE FUND IV LPReal Estate Fund · Last reported May 6, 2026$171MGross asset value

Form D fundraising filings

GRADUATE HOTELS REAL ESTATE FUND IV LP

Fund administrator BAKER TILLY US, LLP CHICAGO, Illinois, United States Investor statements: Yes (provided to all investors) Related to adviser: No
Auditor ERNST & YOUNG LLP CHICAGO, Illinois, United States
Custodian WINTRUST BANK CHICAGO, Illinois, United States Related to adviser: No
Provider details
Annual audit
Yes
Prime brokers
No
Custodians
Yes
Administrator other than the adviser
Yes
External marketing
No

ERNST & YOUNG LLP
PCAOB 42

WINTRUST BANK
LEI 54930023LB6WKY815P13

Fund details & source
Fund ID
805-8431803631
Reported beneficial owners
36
Minimum commitment
$0
Form D file number
021-456574

Form ADV 2103626 · May 6, 2026 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

AJ LITTLE RIVER OPPORTUNITY FUND LLCReal Estate Fund · Last reported May 6, 2026$170MGross asset value

Form D fundraising filings

AJ LITTLE RIVER OPPORTUNITY FUND LLC

Fund administrator BAKER TILLY US, LLP CHICAGO, Illinois, United States Investor statements: Yes (provided to all investors) Related to adviser: No
Auditor ERNST & YOUNG LLP CHICAGO, Illinois, United States
Custodian WINTRUST BANK CHICAGO, Illinois, United States Related to adviser: No
Provider details
Annual audit
Yes
Prime brokers
No
Custodians
Yes
Administrator other than the adviser
Yes
External marketing
No

ERNST & YOUNG LLP
PCAOB 42

WINTRUST BANK
LEI 54930023LB6WKY815P13

Fund details & source
Fund ID
805-6698878668
Reported beneficial owners
133
Minimum commitment
$0
Form D file number
021-400134

Form ADV 2103626 · May 6, 2026 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

AJ BELLE MEADE PLAZA FUND LLCReal Estate Fund · Last reported May 6, 2026$158MGross asset value

Form D fundraising filings

AJ BELLE MEADE PLAZA FUND LLC

Fund administrator BAKER TILLY US, LLP CHICAGO, Illinois, United States Investor statements: Yes (provided to all investors) Related to adviser: No
Auditor ERNST & YOUNG LLP CHICAGO, Illinois, United States
Custodian WINTRUST BANK CHICAGO, Illinois, United States Related to adviser: No
Marketer RAYMOND JAMES & ASSOCIATES, INC. ST. PETERSBURG, Florida, United States Related to adviser: No
Provider details
Annual audit
Yes
Prime brokers
No
Custodians
Yes
Administrator other than the adviser
Yes
External marketing
Yes

ERNST & YOUNG LLP
PCAOB 42

WINTRUST BANK
LEI 54930023LB6WKY815P13

RAYMOND JAMES & ASSOCIATES, INC.
CRD 705 · SEC 801-10418

Fund details & source
Fund ID
805-7054271078
Reported beneficial owners
187
Minimum commitment
$0
Form D file number
021-484105

Form ADV 2103626 · May 6, 2026 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

F&S HOTEL FUND I, LPReal Estate Fund · Last reported May 6, 2026$148MGross asset value

Form D fundraising filings

F&S Hotel Fund I, LP

Feeder funds

Fund administrator BAKER TILLY US, LLP CHICAGO, Illinois, United States Investor statements: Yes (provided to all investors) Related to adviser: No
Auditor PRICEWATERHOUSECOOPERS LLP CHICAGO, Illinois, United States
Custodian BANK OF AMERICA CHICAGO, Illinois, United States Related to adviser: No
Marketer RAYMOND JAMES & ASSOCIATES, INC. ST. PETERSBURG, Florida, United States Related to adviser: No
Provider details
Annual audit
Yes
Prime brokers
No
Custodians
Yes
Administrator other than the adviser
Yes
External marketing
Yes

PRICEWATERHOUSECOOPERS LLP
PCAOB 238

BANK OF AMERICA
LEI 54930023LB6WKY815P13

RAYMOND JAMES & ASSOCIATES, INC.
CRD 705 · SEC 801-10418

Fund details & source
Fund ID
805-5436808480
Reported beneficial owners
32
Minimum commitment
$0
Form D file number
021-525834
Form D file number
021-525835
Form D file number
021-525836
Form D file number
021-547701

Form ADV 2103626 · May 6, 2026 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

AJ NASHVILLE PHASE II OPPORTUNITY FUND LLCReal Estate Fund · Last reported May 6, 2026$137MGross asset value

Form D fundraising filings

AJ NASHVILLE PHASE II OPPORTUNITY FUND LLC

Fund administrator BAKER TILLY US CHICAGO, Illinois, United States Investor statements: Yes (provided to all investors) Related to adviser: No
Auditor ERNST & YOUNG LLP CHICAGO, Illinois, United States
Custodian WINTRUST BANK CHICAGO, Illinois, United States Related to adviser: No
Provider details
Annual audit
Yes
Prime brokers
No
Custodians
Yes
Administrator other than the adviser
Yes
External marketing
No

ERNST & YOUNG LLP
PCAOB 42

WINTRUST BANK
LEI 54930023LB6WKY815P13

Fund details & source
Fund ID
805-1340244736
Reported beneficial owners
142
Minimum commitment
$0
Form D file number
021-335216

Form ADV 2103626 · May 6, 2026 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

Services & filing details

Most recent filing: May 6, 2026. View historical filings

Reported services

Pooled investment vehicle management

Compensation

Percentage of assets · Performance-based

Principal office

429 CHESTNUT STREET, #100
NASHVILLE, TN, 37203-4802, United States

CRD 291880

Filing source

Form ADV 2103626 · May 6, 2026 · Items 1 & 5

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.