J.P. Capital Management

J.P. Capital Management operates as a hybrid between a single-family office and an asset manager. While John Paulson's personal wealth is a core component, the firm has historically raised external capital from institutions. This allows the firm to make long-term, concentrated bets without the quarterly liquidity demands of a traditional hedge fund.

The firm employs merger arbitrage, credit, real estate, and private equity strategies. Known for event-driven and distressed investing, J.P. Capital Management also holds positions in gold and gold-related assets. Real estate investments include properties in New York and Puerto Rico, often acquired during distressed cycles.

John Paulson is the founder and principal, having founded the firm in 1994. He personally oversees investment strategy. The firm maintains a lean team; specific senior investment professionals are not widely publicized.

Historically, the firm accepted external capital from institutional investors, though the proportion of outside capital relative to Paulson's personal wealth has declined. Current access is not publicly detailed; the firm largely manages Paulson's fortune and select institutional accounts (per Financial Times, 2020).

Paulson earned an MBA from Harvard Business School and worked at Odyssey Partners and Gruss Partners before founding Paulson & Co. in 1994. He gained fame in 2007 for betting against subprime mortgages via credit default swaps, a trade that netted his fund roughly $15B (per The Wall Street Journal, 2007).