DFX Intelligence

RIA Intelligence

Registered investment advisers, the advisors registered through them, the capital they report, the private vehicles they run and the people who own them, as a graph with a filing date behind every number. RAUM is what the adviser filed, a move is two registration dates, and a class is a rule you can read.

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SEC-registered adviser

G•• R••••• C••••••

Asset manager (funds and pooled vehicles)Chicago, IllinoisCRD 157210SEC 801-73628websiteIAPD
Legal name G•• C••••••• L•••
Latest filing Mar 27, 2026
First filing on the tape Feb 14, 2012 · 29 filings
SEC status approved since Mar 30, 2012
RAUM
$6.3B
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
0.0%
$0 individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
69
28 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
15
reported on Schedule D
History
29 filings and snapshots on the tape
RAUM$6.3B as of Mar 27, 2026
Mar 27, 2013$5.7B then
HNW client RAUM: no history
State-registered IARs (5.B.3)0 as of Mar 27, 2026
Mar 27, 20130 then
Employees (5.A)69 as of Mar 27, 2026
Mar 27, 201357 then
Private funds15 as of Mar 27, 2026
Mar 27, 201311 then
RAUM +1.3% over the last fiscal year+3.6% a year over threeIARs 0 to 0
Practice profile
derived from the filing of Mar 27, 2026; every figure names its basis
RAUM per advisor
unknownderivedRAUM over IAPD advisors; not a book size
Clients per advisor
unknownderivedindividual and HNW clients (5.D) over advisors
Average HNW client
unknownderivedHNW RAUM over HNW clients
Average account
$251MderivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
1.2%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
unknownderivedItem 5.A over advisors
Advisors per office
unknownderived1 offices incl. principal (1.F.5)
RAUM growth, one year
+1.3%derivedbetween the last two annual amendments
Advisor growth, one year
unknownderivedItem 5.B.3 between annual amendments
Client growth, one year
unknownderived
Compensation
percentage of assets, performance-basedreportedItem 5.E
Advisory activities
portfolio management for businesses and institutions, portfolio management for pooled vehiclesreportedItem 5.G
Custody
$4.5B, 15 clientsreportedItem 9.A
Ownership
no PE, bank or public-company owner found on Schedule Aderived
Advisor book size
not public; not estimatedreported
Also answered yes on Form ADV
  • buys or sells securities as principal to or from clients (8.A.2)
  • has discretionary authority over which securities are bought or sold (8.C.1)
  • receives research or other products from a broker-dealer, soft dollars (8.E)
  • compensates persons for client referrals (8.G.1)
  • compensates non-employees for client referrals (8.G.2)
  • has custody of client cash or bank accounts (9.A.1.a)
  • has custody of client securities (9.A.1.b)
  • a related person has custody of client cash (9.B.1.a)
  • a related person has custody of client securities (9.B.1.b)
  • marketing includes hypothetical performance (5.L.3)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • Pooled investment vehicles$6.2B99%
  • Charitable organizations$76.3M1.2%
Individual clients
n/areported
HNW clients
n/areported
Pension plan clients
n/areported
Charitable clients
1reported
Accounts
25reported
Financial planning clients
reported
Wrap fee programs
noreported
Custody of client assets
$4.5B for 15 clientsreported
Compensation
% of AUM, performancereported
Class basis
private_client_share=0.0 fund_share=0.99 institutional_share=0.01 related_bd=false related_bank=false bd_reps=0.0derived
Advisors registered through the firm
0 on IAPD today, longest tenure first
No representative is registered through this CRD on IAPD.
Advisor movement
Left, latest
none on the tape
    Joined, latest
    none on the tape
      Private funds
      24 reported on Schedule D 7.B.(1)
      FundTypeGross assetsOwnersFirst reported
      G•• R••••• F••• V•• L•••Real Estate Fund$1.4B99Mar 23, 2017
      G•• R••••• F••• V••• L•••Real Estate Fund$851M24Mar 24, 2022
      G•• R••••• F••• V• L•••Real Estate Fund$766M71Mar 27, 2013
      G•• R••••• E•••••••• F•••• L•••Hedge Fund$498M108Mar 30, 2016
      G•• R••••• S••••••••• F•••••••• L•••Hedge Fund$326M75Feb 14, 2012
      G•• R••••• E•••••••• F••• P••••• L•••Hedge Fund$277M4Mar 28, 2018
      G•• R••••• S•• C••••••••• L•••Real Estate Fund$199M2Mar 28, 2019
      G•• R••••• F••• V•••• L•••Real Estate Fund$185M100Mar 23, 2017
      G•• R••••• F••• V••• L•••Real Estate Fund$118M91Mar 27, 2013
      G•• R••••• F••• V••••• L•••Real Estate Fund$103M68Mar 24, 2022
      G•• 3••• C•••••• L•••Real Estate Fund$84.2M3Mar 26, 2015
      G•• B•• C•••••• L•••Real Estate Fund$60.3M2Mar 26, 2015
      G•• B•• C••••• • A• L•••Real Estate Fund$59.8M2Apr 29, 2015
      G•• R••••• F••• I•• L•••no longer reportedReal Estate Fund$44.8M126Feb 14, 2012
      G•• R••••• S•••••• S••••••••• F•••• L•••Venture Capital Fund$33.9M58Mar 24, 2022
      G•• O•••••••• C••••••••• L•••Real Estate Fund$17.0M2Mar 28, 2019
      G•• T•• H••••• C••••••••• F•••• L•••no longer reportedReal Estate Fund$1.4M2Feb 14, 2012
      G•• C•••••••• C••••• F•••• L•••no longer reportedReal Estate Fund$499,8363Mar 27, 2013
      G•• N•• C•••••• L•••no longer reportedReal Estate Fund$287,0002Mar 28, 2014
      G•• R••••• S••••••••• F•••••••• L••Hedge Fund$1,1720Feb 14, 2012
      G•• I•• S•••• F•••• L•••Real Estate Fund$025Feb 14, 2012
      D•••••• R••• E••••• F•••• L•••no longer reportedReal Estate Fund$096Feb 14, 2012
      G•• H•• C••••• F•••• L•••no longer reportedReal Estate Fund$02Feb 14, 2012
      G•• R••••• F••• I••• L•••no longer reportedReal Estate Fund$0139Feb 14, 2012
      Owners and control persons
      Schedule A and B, latest filing
      • C•••••••• B••••••• D•••••• · Co-Chief Investment Officercontrol
        since 01/2023 · owns less than 5%
      • C•••• M••••••• J••••••• · Senior Managing Directorcontrol
        since 09/2024 · owns less than 5%
      • E••••• M••••••• A••••• · Senior Managing Partnercontrol
        since 02/1998 · owns less than 5%
      • F•••••••• A•••••• M•••••• · Chief Financial Officer And Co-Chief Operating Officercontrol
        since 01/2017 · owns less than 5%
      • G•••••• M••••••• J•••• · Co-Chief Investment Officercontrol
        since 01/2023 · owns less than 5%
      • G•••••• N•••••• S•••• · Senior Managing Partnercontrol
        since 02/1998 · owns less than 5%
      • H••••••••• L••• D•••••• · General Counsel And Chief Compliance Officercontrol
        since 03/2024 · owns less than 5%
      • K••••••• E••••••••• A• · Co-Chief Operating Officercontrol
        since 01/2023 · owns less than 5%
      • L••••• D••••• P••• · Chief Investment Officercontrol
        since 04/2021 · owns less than 5%
      • M•••••• B••••• A••• · Senior Managing Partnercontrol
        since 02/1998 · owns less than 5%
      • M•••••• B••••• A••• · Trusteecontrol
        since 10/2021 · owns F of S•• 2••• F••••• I•••••••• T••••
      • M•••••• S••••••• J•• · Co-Trusteecontrol
        since 10/2021 · owns F of B•• 2••• F••••• I•••••••• T••••
      • S••••• M••••••• J•• · Co-Trusteecontrol
        since 10/2021 · owns F of B•• 2••• F••••• I•••••••• T••••
      Entity owners
      • A••••• G•• P••••••• G•• L•• · General Partner
        direct · owns less than 5%
      • A••••• G•• P••••••• L• · Limited Partner
        direct · owns 50% to 75%
      • A••••• G•• P••••••• G•• L•• · General Partner
        indirect · owns F of A••••• G•• P••••••• L•
      • B•• 2••• F••••• I•••••••• T•••• · Partner
        indirect · owns 25% to 50% of R••••• C•••••• M••••••••• L•••
      • R••••• C•••••• M••••••••• L••• · Member
        indirect · owns 25% to 50% of A••••• G•• P••••••• L•
      • S•• 2••• F••••• I•••••••• T•••• · Partner
        indirect · owns 25% to 50% of R••••• C•••••• M••••••••• L•••
      Related persons
      Schedule D 7.A
      • G•• I•• S•••• F••• M••••••• L•••
        pooled vehicle sponsory
      • G•• R••••• E•••••••• M•••••••• L•••
        pooled vehicle sponsory
      • G•• R••••• M••••••• I•• L•••
        pooled vehicle sponsory
      • G•• R••••• M••••••• V• L•••
        pooled vehicle sponsory
      • G•• R••••• M••••••• V•• L•••
        pooled vehicle sponsory
      • G•• R••••• M••••••• V••• L•••
        pooled vehicle sponsory
      • G•• R••••• S• M•••••••• L•••
        pooled vehicle sponsory
      • G•••• M•••••••• L••
        pooled vehicle sponsory
      • G••••• M•••••••• L••
        pooled vehicle sponsory
      Offices
      Schedule D 1.F, the 25 largest
      No branch office listed.
      What changed
      consecutive filings, newest first
      • Accounts · 24 to 25
        Oct 28, 2025 to Mar 27, 2026
      • Advisory employees · 27 to 28
        Oct 28, 2025 to Mar 27, 2026
      • Charity clients · unset to 1.0
        Oct 28, 2025 to Mar 27, 2026
      • Pooled vehicle clients · 23 to 24
        Oct 28, 2025 to Mar 27, 2026
      • Assets in custody · $4.6B to $4.5B
        Oct 28, 2025 to Mar 27, 2026
      • Employees · 68 to 69
        Oct 28, 2025 to Mar 27, 2026
      • Discretionary RAUM · $6.2B to $6.3B
        Oct 28, 2025 to Mar 27, 2026
      • Pooled vehicle RAUM · $6.1B to $6.2B
        Oct 28, 2025 to Mar 27, 2026
      • RAUM · $6.2B to $6.3B
        Oct 28, 2025 to Mar 27, 2026
      • Assets in custody · $4.6B to $4.6B
        Mar 28, 2025 to May 5, 2025
      • Financial planning clients · unset to
        Mar 28, 2025 to May 5, 2025
      • Discretionary RAUM · $6.2B to $6.2B
        Mar 28, 2025 to May 5, 2025
      • Pooled vehicle RAUM · $6.1B to $6.1B
        Mar 28, 2025 to May 5, 2025
      • RAUM · $6.2B to $6.2B
        Mar 28, 2025 to May 5, 2025
      • Advisory employees · 28 to 27
        Sep 24, 2024 to Mar 28, 2025
      • Charity clients · 1.0 to unset
        Sep 24, 2024 to Mar 28, 2025
      • Assets in custody · $4.9B to $4.6B
        Sep 24, 2024 to Mar 28, 2025
      • Employees · 69 to 68
        Sep 24, 2024 to Mar 28, 2025
      • Private funds · 17 to 15
        Sep 24, 2024 to Mar 28, 2025
      • Discretionary RAUM · $5.8B to $6.2B
        Sep 24, 2024 to Mar 28, 2025
      • Pooled vehicle RAUM · $5.7B to $6.1B
        Sep 24, 2024 to Mar 28, 2025
      • RAUM · $5.8B to $6.2B
        Sep 24, 2024 to Mar 28, 2025
      • Accounts · 22 to 24
        Mar 30, 2023 to Mar 29, 2024
      • Advisory employees · 31 to 28
        Mar 30, 2023 to Mar 29, 2024
      • Pooled vehicle clients · 18 to 23
        Mar 30, 2023 to Mar 29, 2024
      • Assets in custody · $5.2B to $4.9B
        Mar 30, 2023 to Mar 29, 2024
      • Employees · 71 to 69
        Mar 30, 2023 to Mar 29, 2024
      • Private funds · 18 to 17
        Mar 30, 2023 to Mar 29, 2024
      • Discretionary RAUM · $5.7B to $5.8B
        Mar 30, 2023 to Mar 29, 2024
      • Pooled vehicle RAUM · $5.2B to $5.7B
        Mar 30, 2023 to Mar 29, 2024
      • RAUM · $5.7B to $5.8B
        Mar 30, 2023 to Mar 29, 2024
      • Advisory employees · 26 to 31
        Sep 14, 2022 to Mar 30, 2023
      • Pooled vehicle clients · 19 to 18
        Sep 14, 2022 to Mar 30, 2023
      • Assets in custody · $5.7B to $5.2B
        Sep 14, 2022 to Mar 30, 2023
      • Employees · 67 to 71
        Sep 14, 2022 to Mar 30, 2023
      • Private funds · 19 to 18
        Sep 14, 2022 to Mar 30, 2023
      • Discretionary RAUM · $6.0B to $5.7B
        Sep 14, 2022 to Mar 30, 2023
      • Pooled vehicle RAUM · $5.7B to $5.2B
        Sep 14, 2022 to Mar 30, 2023
      • RAUM · $6.0B to $5.7B
        Sep 14, 2022 to Mar 30, 2023
      • Related bank · true to false
        Sep 14, 2022 to Mar 30, 2023
      Signals
      6 dated events
      • Jiun-Yih M•••••• Chen (Senior Managing Director) appeared on Schedule A of G•• R••••• C••••••
        Sep 24, 2024 · Control person joined · fact
      • Craig Jonathan Romick (General Counsel And Chief Compliance Officer) no longer on Schedule A of G•• R••••• C•••••• (listed 2023-03-30, absent 2024-03-29)
        Mar 29, 2024 · Control person left · inference
      • D•••••• Lou H••••••••• (General Counsel And Chief Compliance Officer) appeared on Schedule A of G•• R••••• C••••••
        Mar 29, 2024 · Control person joined · fact
      • Raymond Craig Caffarelli (Chief Operating Officer) no longer on Schedule A of G•• R••••• C•••••• (listed 2022-09-14, absent 2023-03-30)
        Mar 30, 2023 · Control person left · inference
      • Jay M•••••• Sacks (Co-Trustee) appeared on Schedule A of G•• R••••• C••••••
        Mar 30, 2023 · Control person joined · fact
      • P••• D•••• L•••• (Co-Chief Investment Officer) appeared on Schedule A of G•• R••••• C••••••
        Mar 24, 2022 · Control person joined · fact
      Across DFX
      shared identifiers only, never a name match
      How to reach
      public business contact points only, each with its source
      Firm profile
      linkedin.com/company/gem-realty-capital-increportedpublic record, Form ADV, Sep 18, 2026
      Website
      gemrc.comreportedpublic record, Form ADV, Sep 18, 2026
      Principal office phone
      312-915-2900reportedpublic record, Form ADV, Mar 27, 2026
      Provenance
      Form ADV
      SEC filing data 2011 to 2024 and the monthly roster 2025 onreportedadviserinfo.sec.gov
      Advisors
      IAPD individual compilation feed, dailyreportedadviserinfo.sec.gov
      Class
      Asset manager (funds and pooled vehicles)deriveda rule over Items 5.D and 7.A
      RAUM per advisor
      n/aderivedfirm RAUM over the IAPD count; not a book size
      Loaded
      Sep 14, 2026
      Across the graphs

      G•• R••••• C•••••• is the same institution as 1 record in Real Estate Funds.

      Real Estate Funds1

      Which record it is in each graph, what it is called there, and what the two were joined on. The Data Factory holds all nine graphs and the identity layer between them.

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