# HRJ Capital

HRJ Capital is a Generic based in Woodside, United States.

## Overview

- **Organization type:** Generic
- **Headquarters:** Woodside, United States
- **Region:** North America
- **Address:** Woodside, CA, United States
- **Founded:** 1999
- **Assets under management:** Undisclosed
- **Website:** hrjcapital.com
- **LinkedIn:** https://www.linkedin.com/company/hrj-capital

## Regulatory record

- **Reports private funds:** No

## About

HRJ Capital is a US-based fund of funds manager. It has committed to three funds. Its regional focus is North America.

## Sectors

- Buyout
- Venture Capital
- Special Situations
- Real Estate
- Hedge Funds

## Offices

- Chicago, IL, United States
- London, United Kingdom

## People

- Joe Lacob — Co-Founder
- David Bonderman — Co-Founder
- Jim Davidson — Co-Founder

## Questions

### Who runs investment decisions at HRJ Capital?

Origination and allocation decisions were driven by the three co-founders — Joe Lacob, David Bonderman, and Jim Davidson — leveraging their respective relationships across venture capital (Kleiner Perkins network), large-cap buyout (TPG network), and technology private equity (Silver Lake network). There was no centralized investment committee in the traditional sense; each partner led the diligence and commitment process for the managers and geographies within their own network orbit, with the final portfolio reflecting a negotiated balance among the three.

### Does HRJ Capital still actively raise and deploy new funds?

HRJ Capital effectively wound down its fund-of-funds operations following the 2008 financial crisis. As public records note, the firm ceased raising new vintage vehicles in the post-crisis period, and the three co-founders increasingly pursued separate personal and professional activities — most prominently Lacob's ownership of the Golden State Warriors — rather than jointly marketing and managing new HRJ pools. Some legacy vehicles retain carry and reporting obligations, but the firm is no longer an active capital raiser.

## Related profiles

- [HR Fund](https://altss.com/profile/hr-fund)
- [Hrxasset](https://altss.com/profile/hrxasset)

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Last updated: 2026-06-03T20:00:00.000Z

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