JZI

What JZI does

JZ Capital Partners Ltd (JZCP) is a Guernsey-domiciled closed-ended investment company listed on the Specialist Fund Segment of the London Stock Exchange (ticker: JZCP, ISIN: GG00B403HK58). The company provides eligible high-net-worth investors and investment professionals with access to a diversified portfolio of US and European microcap companies and US real estate, an asset class typically unavailable to retail investors. Originally incorporated as Mezzanine Capital and Investment Trust plc (MCIT) in 1986, the entity evolved into JZ Equity Partners and then JZCP in 2008, with shares trading on the SFM since 2012. Investment advisory is provided by Jordan/Zalaznick Advisers, Inc. (JZAI), founded by David Zalaznick and Jay Jordan in 1986, with teams in New York, Chicago, London, and Madrid.

The company's revenue model is based on investment returns and portfolio income, derived from realized and unrealized gains on investments, dividends, interest, and ultimately capital returns to shareholders. As an unregulated collective investment scheme under the Financial Services and Markets Act 2000, shares are restricted to eligible persons only. In August 2020, shareholders approved a fundamental shift in investment policy: JZCP will make no further investments except where it has existing obligations or to selectively support the existing portfolio, with the explicit objective of realizing maximum value and returning capital to shareholders after debt repayment. This places JZCP in active wind-down mode, with a series of divestitures (Salter Labs in 2021, partial US Microcap sale in 2020, Water Treatment Industries and Paragon Water Systems in 2018, Fidor Bank and Winn Group in 2016) materially reducing the asset base. The Board of Directors comprises four non-executive directors chaired by David Macfarlane, with investor relations and media handled by FTI Consulting.

Name

JZI

Legal name

JZ Capital Partners Ltd

Website

https://jzcp.com

Company type

Public

Founded year

1986

Operating status

Operating

Short description

JZ Capital Partners Ltd is a Guernsey-domiciled, LSE Specialist Fund Market-listed closed-ended investment company in wind-down mode, providing eligible high-net-worth investors access to US and European microcap companies and US real estate.

Ownership category

akta.pro rank

Product category

Closed-End Investment Fund Management

NAICS

All Other Financial Investment Activities (52399)

SIC

Investors, Nec (6799)

akta.pro industry

PRIMARYFSANAAAC

Late-Stage Venture Capital (Series C+)

Financial & Insurance/Private Equity & Venture Capital/Venture Capital Firms

Keywords

• Closed-ended investment fund
• Micro-cap private equity
• US real estate investment
• Alternative investment vehicle
• Investment trust management

Headquarters

HQ city

St. Peter Port

HQ country

Guernsey

Offices4 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Operations, Personnel, Marketing or Sales, Others

Revenue model

1. Investment Returns and Portfolio Income: JZCP generates returns through its diversified portfolio of US and European micro-cap company investments and US real estate holdings. Revenue is derived from realized and unrealized gains on investments, dividend income from portfolio companies, interest income, and ultimately from realizing investments and returning capital to shareholders. Under the 2020 investment policy, the company is focused on realizing maximum value from existing investments rather than making new investments.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

JZ Capital Partners is a Guernsey-domiciled, closed-ended investment company that provides investors with exposure to a diversified portfolio of US and European micro-cap companies alongside US real estate, advised externally by Jordan/Zalaznick Advisers, Inc. (JZAI). Following an August 2020 shareholder-approved change of investment policy, the company is no longer making new investments and is focused on realizing maximum value from its existing portfolio. Its shares (JZCP) and associated securities (JZCZ, JZCC) trade on the London Stock Exchange's Specialist Fund Segment.

Product overview

JZCP is a single, unified investment vehicle structured as a Guernsey-domiciled closed-ended investment company. The company offers investors exposure to a diversified portfolio of US and European micro-cap companies and US real estate. JZCP's shares trade on the Specialist Fund Segment of the London Stock Exchange. The investment adviser is Jordan/Zalaznick Advisers, Inc. (JZAI), founded by David Zalaznick and Jay Jordan in 1986, with investment professionals in New York, Chicago, London, and Madrid. The company also offers 2022 ZDP Shares and 2021 CULS (Convertible Unsecured Loan Stock) as additional listed instruments alongside the Ordinary Shares.

Differentiator

Problem solved

Functional benefit

Products and services

• Ordinary Shares (JZCP) Ordinary Shares of JZ Capital Partners Limited, admitted to trading on the Specialist Fund Segment (SFS) of the London Stock Exchange under the ticker JZCP, providing investors with exposure to a diversified portfolio of US and European micro-cap companies and US real estate.
• 2022 ZDP Shares (JZCZ) Zero Dividend Preference Shares issued by JZ Capital Partners Limited, listed on the London Stock Exchange under the ticker JZCZ, maturing in 2022.
• 2021 CULS (JZCC) Convertible Unsecured Loan Stocks issued by JZ Capital Partners Limited, listed on the London Stock Exchange under the ticker JZCC, redeemable in 2021.

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators3 records

Recent moves9 records

Expansion highlights4 records

Direct peers

• Princess Private Equity Holding: Guernsey-domiciled, London-listed investor in global mid-market PE secondaries and co-investments — directly comparable closed-ended PE investment trust to JZCP.
• HarbourVest Global Private Equity: London-listed closed-ended FoF providing exposure to global mid- and small-cap PE funds; an externally-managed listed PE vehicle comparable to JZCP's structure and investor base.
• Hg Capital Trust: London-listed PE trust providing exposure to UK and European mid-market buyouts managed by an external adviser; comparable listed structure and similar mid-/smaller-cap orientation to JZCP.
• Apax Global Alpha: London-listed closed-ended investment company advised by Apax Partners providing exposure to mid-market private equity — comparable listed-PE-trust structure to JZCP.
• Pantheon International Participations: London-listed closed-ended fund of private equity funds with global mid-/buyout focus — analogous listed PE vehicle with similar investor base and external manager relationship as JZCP.
• RIT Capital Partners: London-listed investment trust offering diversified exposure including private equity and real estate via external managers — analogous listed closed-end structure targeting UK sophisticated investors.
• ICG Enterprise Trust: London-listed closed-ended investment trust focused on mid-market buyouts across the US and Europe, with external manager (ICG) — directly comparable listed PE trust structure to JZCP.
• NB Private Equity Partners: Guernsey-domiciled, London-listed closed-ended investment company focused on US and European private equity — closest direct structural peer to JZCP's listed investment-trust model and US/European mid-to-micro-cap exposure.
• Oakley Capital Investments: London-listed investment company focused on Oakley Capital's mid-market European private equity funds; structurally and strategically comparable to JZCP as a listed PE-advice vehicle.

Broad incumbents

• 3i Group: Major London-listed private equity firm with broader portfolio and internal management; broader incumbent in the listed PE space, comparable as an investor in mid-/lower-mid-market transactions.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about JZI