# Virtue Ventures Management Virtue Ventures Management is a Venture Capital based in New York, United States. ## Overview - **Organization type:** Venture Capital - **Headquarters:** New York, United States - **Region:** North America - **Address:** New York, NY, United States - **Founded:** 2012 - **Assets under management:** Undisclosed - **Website:** virtueventures.com ## Regulatory record - **CRD number:** 324206 - **SEC file number:** 802-127341 - **Registration status:** Registered - **Reports private funds:** Yes - **IAPD record:** https://adviserinfo.sec.gov/firm/summary/324206 ## About Virtue Ventures Management L.L.C. is a registered investment adviser with the U.S. Securities and Exchange Commission. ## Sectors - Real Estate - Private Credit - Private Equity ## People - Jonathan B. Lewis — Managing Partner & Founder - Damon Hill — Partner ## Questions ### Who runs investment decisions at Virtue Ventures Management? Jonathan B. Lewis, the firm's founder and managing partner, leads investment decisions. Lewis has a background in structured finance and principal investing, which informs the firm's capital-stack approach. He is supported by Partner Damon Hill and a lean team of investment professionals covering origination, underwriting, and asset management. ### How does Virtue Ventures source its real estate deals? The firm originates investments through relationships with regional real estate developers and operators rather than competing against them. Virtue Ventures provides flexible capital — from preferred equity to mezzanine debt — to sponsors acquiring or recapitalizing properties in secondary and tertiary US markets. This partnership model relieves developers of having to fill the most expensive portion of the capital stack. ### Does Virtue Ventures invest in both debt and equity real estate? Yes. The firm operates across the capital stack, deploying both credit and equity into US residential and commercial properties. Its credit practice spans senior secured loans and subordinate debt, while the equity strategy focuses on value-add multifamily acquisitions that benefit from renovation and professional management. This dual mandate allows Virtue Ventures to pivot toward whichever side of the real estate cycle offers a better risk-adjusted return. ### What investment stages and markets does Virtue Ventures target? Virtue Ventures concentrates on secondary and tertiary US markets, with a geographic footprint that includes the Southeast and Sun Belt — markets such as Atlanta, Charlotte, and Nashville. The firm targets value-add and opportunistic investments in multifamily, single-family rental portfolios, and select commercial repositionings, deploying capital where local operator knowledge drives results. ### What is Virtue Ventures' known posture on co-investments alongside external GPs? The firm conducts its own co-investment syndications, allowing external parties to participate on a deal-by-deal basis alongside its discretionary funds. Rather than co-investing passively alongside other general partners, Virtue Ventures acts as the lead capital provider structuring transactions with regional operating partners. ### How does Virtue Ventures differentiate itself from conventional real estate private equity firms? The firm's hybrid mandate — functioning as both a direct credit provider and an equity principal — means it often holds positions that sit between the senior bank loan and the sponsor's common equity. This tranche-level selectivity offers a loss-absorption advantage that pure-equity competitors lack while retaining upside participation, a structural flexibility codified in its partnership agreements. ## Related profiles - [Viraj Capital](https://altss.com/profile/viraj-capital-llc) - [Viseroij Capital Management](https://altss.com/profile/viseroij-capital-management-llc) --- Last updated: 2026-06-03T20:00:00.000Z Canonical page: https://altss.com/profile/virtue-ventures-management-llc Maintained by Altss — https://altss.com — methodology: https://altss.com/methodology