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Pocket Project
POCKET PROJECT is a state-registered investment adviser with approximately $7 million in regulatory assets under management. The firm has 1 employee and 1...
Overview
POCKET PROJECT is a state-registered investment adviser with approximately $7 million in regulatory assets under management. The firm has 1 employee and 1 investment adviser. It operates with a small team.
General information
Firm type
Multi Family Office
Year founded
2018
Location
Region
North America
Country
United States
City
Beverly Hills
Corporate office
Beverly Hills, CA, United States
Principals
AJ Patel
Founder & Managing Partner
Christine Outram
Managing Partner
Sector focus
Frequently asked questions
Who makes investment decisions at Pocket Project?
Founder AJ Patel and Managing Partner Christine Outram jointly lead deal evaluation and sponsor selection. Patel focuses on real estate technology and operating-company diligence, while Outram brings climate-investing and fund-structuring expertise. The firm's investment committee is effectively the two partners, with limited partners exercising final discretion on a deal-by-deal basis through individual SPV subscription agreements.
Does Pocket Project charge double carry?
No, the firm explicitly avoids stacked carried interest. Investors pay carry to the underlying lead fund at the lead fund's terms, and Pocket Project charges a coordination fee but does not layer a second carried interest on top. This is the firm's primary structural differentiator and is core to its pitch to family offices that reject traditional fund-of-funds economics.
Does Pocket Project invest via a blind-pool fund structure?
No. Pocket Project raises capital only on a deal-specific basis through single-purpose SPVs. Limited partners evaluate each opportunity independently and commit only to the transactions they approve. There is no annual management fee, no capital call without a specific deal, and no blind-pool fund.
What sectors does Pocket Project focus on — and which does it avoid?
The firm concentrates on PropTech and ClimateTech: building decarbonization, energy efficiency, construction technology, smart grid software, and real estate underwriting platforms. It explicitly avoids life sciences, general SaaS, fintech, and consumer-facing businesses. The thesis centers on physical-asset-heavy industries where software improves operational or carbon efficiency.
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