Investment adviser · CRD 157210

GEM REALTY CAPITAL

Investment adviser filing (IA)

GEM CAPITAL, L.P.

CHICAGO, IL, United States · Form ADV filed Mar 27, 2026

Regulatory AUM
$6.28B
Form ADV · Item 5.F
Client accounts
25
Accounts, not individual clients
Employees
69
Reported in this filing
Advisory professionals
28
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 vehicles24$6,205,773,66298.8%
CharitiesFewer than 5$76,310,6281.2%
Filing source

Form ADV 2064295 · Mar 27, 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

25 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.

GEM REALTY FUND VI, L.P.Real Estate Fund · Last reported Mar 27, 2026$1.35BGross asset value

Form D fundraising filings

GEM REALTY FUND VI, L.P.

Auditor KPMG, LLP CHICAGO, Illinois, United States
Custodian BANK OF AMERICA, N.A. CHICAGO, Illinois, United States Related to adviser: No
Custodian BANK OF AMERICA SECURITIES, INC. NEW YORK, New York, United States Related to adviser: No
Provider details
Annual audit
Yes
Prime brokers
No
Custodians
Yes
Administrator other than the adviser
No
External marketing
No

KPMG, LLP
PCAOB 185

Fund details & source
Fund ID
805-7138282471
Reported beneficial owners
99
Minimum commitment
$5M
Form D file number
021-261301

Form ADV 2064295 · Mar 27, 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.

GEM REALTY FUND VII, L.P.Real Estate Fund · Last reported Mar 27, 2026$1.08BGross asset value

Form D fundraising filings

GEM REALTY FUND VII, L.P.

Auditor KPMG LLP CHICAGO, Illinois, United States
Custodian BANK OF AMERICA, N.A. CHICAGO, Illinois, United States Related to adviser: No
Custodian BANK OF AMERICA SECURITIES, INC. NEW YORK, New York, United States Related to adviser: No
Provider details
Annual audit
Yes
Prime brokers
No
Custodians
Yes
Administrator other than the adviser
No
External marketing
No

KPMG LLP
PCAOB 185

Fund details & source
Fund ID
805-3448818051
Reported beneficial owners
24
Minimum commitment
$5M
Form D file number
021-417021

Form ADV 2064295 · Mar 27, 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.

GEM REALTY EVERGREEN FUND, L.P.Hedge Fund · Last reported Mar 27, 2026$416MGross asset value

Form D fundraising filings

GEM REALTY EVERGREEN FUND, L.P.

Auditor RSM US LLP CHICAGO, Illinois, United States
Custodian BANK OF AMERICA, N.A. CHICAGO, Illinois, United States Related to adviser: No
Custodian BANK OF AMERICA SECURITIES, INC. NEW YORK, New York, United States Related to adviser: No
Provider details
Annual audit
Yes
Prime brokers
No
Custodians
Yes
Administrator other than the adviser
No
External marketing
No

RSM US LLP
PCAOB 49

Fund details & source
Fund ID
805-2629913561
Reported beneficial owners
107
Minimum commitment
$5M
Form D file number
021-252080

Form ADV 2064295 · Mar 27, 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.

GEM REALTY FUND V, L.P.Real Estate Fund · Last reported Mar 27, 2026$392MGross asset value

Form D fundraising filings

GEM REALTY FUND V, L.P.

Auditor KPMG, LLP CHICAGO, Illinois, United States
Custodian BANK OF AMERICA, N.A. CHICAGO, Illinois, United States Related to adviser: No
Custodian BANK OF AMERICA SECURITIES, INC. NEW YORK, New York, United States Related to adviser: No
Provider details
Annual audit
Yes
Prime brokers
No
Custodians
Yes
Administrator other than the adviser
No
External marketing
No

KPMG, LLP
PCAOB 185

Fund details & source
Fund ID
805-6275221615
Reported beneficial owners
72
Minimum commitment
$5M
Form D file number
021-192538

Form ADV 2064295 · Mar 27, 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.

GEM REALTY SECURITIES FLAGSHIP, L.P.Hedge Fund · Last reported Mar 27, 2026$287MGross asset value

Form D fundraising filings

GEM Realty Securities Flagship, L.P.

Fund administrator MORGAN STANLEY FUND SERVICES PURCHASE, New York, United States Investor statements: Yes (provided to all investors) Related to adviser: No
Auditor KPMG LLP CHICAGO, Illinois, United States
Custodian GOLDMAN SACHS & CO. LLC NEW YORK, New York, United States Related to adviser: No
Custodian MORGAN STANLEY & CO. LLC NEW YORK, New York, United States Related to adviser: No
Prime broker GOLDMAN SACHS & CO. LLC NEW YORK, New York, United States
Prime broker MORGAN STANLEY & CO. LLC NEW YORK, New York, United States
Provider details
Annual audit
Yes
Prime brokers
Yes
Custodians
Yes
Administrator other than the adviser
Yes
External marketing
No

KPMG LLP
PCAOB 185

GOLDMAN SACHS & CO. LLC
SEC 8-129

MORGAN STANLEY & CO. LLC
SEC 8-15869

GOLDMAN SACHS & CO. LLC
CRD 361 · SEC 8-129

MORGAN STANLEY & CO. LLC
CRD 8209 · SEC 8-15869

Fund details & source
Fund ID
805-8909507052
Reported beneficial owners
67
Minimum commitment
$1M
Form D file number
021-58929

Form ADV 2064295 · Mar 27, 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.

GEM REALTY EVERGREEN FUND PF-NM, L.P.Hedge Fund · Last reported Mar 27, 2026$246MGross asset value

Form D fundraising filings

GEM REALTY EVERGREEN FUND PF-NM, L.P.

Auditor RSM US LLP CHICAGO, Illinois, United States
Custodian BANK OF AMERICA, N.A. CHICAGO, Illinois, United States Related to adviser: No
Custodian BANK OF AMERICA SECURITIES, INC. NEW YORK, New York, United States Related to adviser: No
Provider details
Annual audit
Yes
Prime brokers
No
Custodians
Yes
Administrator other than the adviser
No
External marketing
No

RSM US LLP
PCAOB 49

Fund details & source
Fund ID
805-3182575857
Reported beneficial owners
4
Minimum commitment
$5M
Form D file number
021-301248

Form ADV 2064295 · Mar 27, 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.

GEM REALTY FUND VI-A, L.P.Real Estate Fund · Last reported Mar 27, 2026$183MGross asset value

Form D fundraising filings

GEM REALTY FUND VI-A, L.P.

Auditor KPMG, LLP CHICAGO, Illinois, United States
Custodian BANK OF AMERICA, N.A. CHICAGO, Illinois, United States Related to adviser: No
Custodian BANK OF AMERICA SECURITIES, INC. NEW YORK, New York, United States Related to adviser: No
Provider details
Annual audit
Yes
Prime brokers
No
Custodians
Yes
Administrator other than the adviser
No
External marketing
No

KPMG, LLP
PCAOB 185

Fund details & source
Fund ID
805-3707631916
Reported beneficial owners
103
Minimum commitment
$5M
Form D file number
021-261302

Form ADV 2064295 · Mar 27, 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: Mar 27, 2026. View historical filings

Reported services

Pooled investment vehicle management · Business portfolio management

Compensation

Percentage of assets · Performance-based

Principal office

900 NORTH MICHIGAN AVE, 14TH FLOOR
CHICAGO, IL, 60611-6550, United States

CRD 157210

Filing source

Form ADV 2064295 · Mar 27, 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.