4S Bay Partners

4S Bay Partners

Steven Sarowitz, who co-founded Paylocity in 1997 and took it public on Nasdaq in 2014, established 4S Bay Partners as his family's investment vehicle. The office is named after the Sarowitz family and operates from the Chicago suburb of Highland Park, Illinois. Steven's wife, Jessica Sarowitz, serves as Managing Partner, and Rashid Malik is the Chief Investment Officer, overseeing the firm's multi-asset allocation (per public record). The firm's portfolio spans at least three distinct asset classes: real estate, media production, and community facilities. Real estate holdings include the Stocker Street Creative redevelopment in Baldwin Hills, Los Angeles — a mixed-use project — and a cluster of commercial properties at 3731–3761 W. Stocker Street. In Chicago, 4S Bay owns the Chatham Education and Workforce Center, the Teresa Apartments residential property, and a warehouse known as The Warehouse. Through Wayfarer Studios, co-founded with actor Justin Baldoni, the firm has moved into film and television production, collaborating with Zhang Xin on the 2023 film 'Ezra' (per the firm's official communications). 4S Bay Partners' team includes CIO Rashid Malik and Managing Partner Jessica Sarowitz, who also serves on the board of the Field Museum. The firm maintains philanthropic entities: the Julian Grace Foundation, the Sarowitz Family Foundation, and the Wayfarer Foundation. Steven Sarowitz is a long-time member and donor of the Sierra Club and a recognized patron of the Chicago History Museum. Jessica Sarowitz is a Director at Interfaith America. The office's structural differentiator is its hands-on, thematic approach to investing in physical places and storytelling — combining real estate development in under-resourced communities with media production that amplifies social narratives. The Sarowitz family integrates their philanthropic foundations and operating businesses under a unified mission, a relatively uncommon governance model among single-family offices.