Z Capital Group, L.L.C.

Z Capital Group, L.L.C. is a private markets asset manager that provides discretionary investment management to pooled investment vehicles and private investment partnerships rather than individual retail clients. The firm operates distinct private equity and credit platforms (and a separate opportunistic strategic equity fund) and, as of December 31, 2025, and its affiliates manage approximately $3.1 billion on behalf of those funds, co‑investment vehicles and several collateralized loan obligations (CLOs).

ZCG’s private equity strategy emphasizes a three‑pronged approach—growth platforms, buy‑and‑builds and turnarounds/corporate carve‑outs—while its credit platform targets senior secured debt across broadly syndicated loans, direct lending and structured products; the strategic equity fund pursues a value‑oriented, concentrated public equity approach. The firm integrates affiliated operating and technology resources into the investment process (notably ZCG Consulting for operational work and Haptiq/Olympus for data and analytics) and uses structures such as fund‑level leverage and CLO vehicles as part of execution and capital solutions.

Compared with many peers, ZCG’s brochure highlights an integrated operating model that includes affiliated consulting, technology and commercial finance entities and describes specific structural arrangements tied to CLO risk‑retention and fee economics (including management‑fee rebating linked to CLO subordinated notes). The firm also references its prior funds and multi‑decade development of its strategy and notes a largely institutional investor base that includes sovereign wealth funds, endowments, pension plans and insurance companies, with disclosures about side letters and allocation policies that bear on potential conflicts of interest.