Houston family office CAZ Investments in market with two funds

  • Assets under management: $956 mln
  • Contact: Christopher Zook: +1 713-403-8250
  • Why this is important: Co-Investment vehicles with low minimum requirements can draw in a larger investor pool

CAZ Investments, the Houston multifamily office, is raising funds for two investment vehicles, according to Form D filings with the SEC.

CAZ’s Private Equity Access Fund II, to date has raised $15 million from three investors, with a minimum investment of $500,000.

And Co-Investment Opportunities Fund-PLT portfolio to date has raised about $34 million from 128 investors, with a minimum investment of $100,000.

The company declined comment on the funds’ strategies.

CAZ’s first PE access fund had a gross asset value of $50 million as of Jan. 24, 2017, the Form ADV said. The fund accepted a minimum of $500,000 and has 93 investors.

The fund was to be invested in 10 to 20 private equity funds. Those funds were focused primarily on medical royalties, energy and other event-driven or opportunistic themes.

CAZ’s co-investment vehicles are designed for specific strategies such energy, healthcare and ride-share; some vehicles are also PE-firm specific.

For instance, CAZ Co-Investment Opportunities Fund LP-Didi portfolio invests in Paulson Investment Co for Didi Chuxing, the Chinese ride-share company.

This fund is valued at $46.8 million. It required an investment minimum of $250,000 and has 178 beneficial owners, the Form ADV said.

A similar co-investment fund for the ride-share company Lyft has a minimum requirement of $100,000 from investors.

CAZ also has co-investment funds that invest directly in private equity firms like H.I.G Capital and Vista Equity Partners.

CAZ participates in certain management fees and carried interest earned directly or indirectly by these PE firms. Each of these co-investment funds required a minimum investment of $100,000, Form ADV said.

Action Item: Read more on CAZ Investments here https://bit.ly/2HKzKUi