Z Capital Group, L.L.C. (Lake Forest)


Z Capital Group, L.L.C. is a large advisory firm based in Lake Forest. It manages $2.48 billion of regulatory assets for 36 client accounts. It has been registered with the SEC as an adviser since 2016.

Z Capital Group, L.L.C provides portfolio management for pooled investment vehicles. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Z Capital Group, L.L.C: assets under management

The assets under management (AUM) of Z Capital Group, L.L.C. is $2.48 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 11% since the beginning of its operation, and $464.31 million of the total AUM is attributable to clients outside of the United States.

The firm manages $2.48 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $68.8 million each.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Z Capital Group, L.L.C. for their services and products based on a percentage of assets under management and performance-based fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Z Capital Group, L.L.C serves?

The only and largest group of clients of Z Capital Group, L.L.C is pooled investment vehicles with 36 clients and $2.48 billion of assets under management. Among the 11 most similar advisory firms, Z Capital Group, L.L.C has the 3rd highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $2.48 billion for 36 clients. 14% of the firm’s clients are foreign persons or businesses.

Z Capital Group, L.L.C also advises several private funds. Namely, four hedge funds, twenty nine private equity funds, and three securitized asset funds. The minimum investment commitment required of non-related persons ranges from $0 to $10,000,000.

Careers at Z Capital Group, L.L.C.

The company employs 47 people that are either part- or full-time employees. 32 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
James Joseph Zenni President and chief executive officer 1 Oct 2006 Other 869163
Jonathan (Nmn) Schmugge Chief financial officer and chief operating officer 1 Oct 2006 Other 2757990
Zenni Family Gst Trust Member 1 Oct 2006 25% - 50% 36-7466091
L.L.C. Zenni Holdings Member 1 Oct 2006 50% - 75% 36-4429976
Martin Joel Auerbach General counsel and chief compliance officer 1 Nov 2016 Other 6773522
Matthew David Kane General counsel & chief compliance officer 1 Jan 2019 Other 7062370

Indirect Owners

The SEC currently registers 2 indirect owners.

Name Entity Date acquired Ownership Employer ID
James Joseph Zenni Managing member 1 Nov 1999 75% - 100% 869163
James Joseph Zenni Trustee 1 Sep 2006 Other 869163

Based in Lake Forest

The principal office where Z Capital Group, L.L.C. performs its advisory services is located at Two Conway Park, Lake Forest, IL 60045, which is also the mailing address of the firm. An additional office of the firm is in New York, NY. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 847-235-8100 or by fax 847-235-8111. The normal business hours are 9:00 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at zcapgroup.net and its LinkedIn profile.