Systima Capital Management Llc
- Regulatory AUM
- $513M
- Discretionary
- $414M
- Clients
- 7
- Avg AUM / client
- $73.2M
- Accounts
- 7
- Employees
- 7
AUM over time
Reported AUM from Form ADV filings, plotted by filing date · as of Mar 27, 2026
Who they serve
| Client type | Clients | AUM | % of AUM |
|---|---|---|---|
| Pooled investment vehicles (non-investment companies) | 6 | $356M | 69.5% |
| Other | 1 | $156M | 30.5% |
Private funds (6)
Reported in Form ADV Section 7.B.(1), filing of Mar 2024 · $417M combined gross assets
| Fund | Type | Domicile | Gross assets | Owners |
|---|---|---|---|---|
| Systima Affordable Housing Credit Opportunities Fund Iii Lp | Private Equity Fund | Delaware | $308M | 5 |
| Systima Affordable Housing Finance Fund I Lp | Private Equity Fund | Delaware | $39.8M | 4 |
| Systima Supportive Housing Opportunities Fund I, Lp | Private Equity Fund | Delaware | $26.1M | 3 |
| Systima Scr3 Debt Opportunity Fund Llc | Private Equity Fund | Delaware | $22.8M | 11 |
| Systima Scr2 Debt Opportunity Fund Llc | Private Equity Fund | Delaware | $14.2M | 1 |
| Sahi Tebs Ii Llc master | Private Equity Fund | Delaware | $6.7M | 3 |
People (2)
| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| Varones, John, Nicholas | Chief Executive Officer, Managing Member | Aug 2010 (16y) | 75% or more | |
| O'grady, Conor, (Nmn) | Chief Compliance Officer And Chief Financial Officer | Aug 2019 (7y) | Less than 5% |
Entity owners (Schedule A/B)
| Entity | Title / status | Since | Sch. | Ownership |
|---|---|---|---|---|
| Aose Holdings I Llc | Member | Jan 2019 | A | 75% or more |
Roster from the IAPD representatives feed; ownership and acquisition dates from Form ADV Schedule A/B. "Since" is the earliest filed registration or acquisition date.
Private funds (6, $417M gross assets)
| Fund | Type | Gross assets | Min. investment | Owners |
|---|---|---|---|---|
| Systima Affordable Housing Credit Opportunities Fund Iii Lp | Private Equity Fund | $308M | $10.0M | 5 |
| Systima Affordable Housing Finance Fund I Lp | Private Equity Fund | $39.8M | $500K | 4 |
| Systima Supportive Housing Opportunities Fund I, Lp | Private Equity Fund | $26.1M | $3.0M | 3 |
| Systima Scr3 Debt Opportunity Fund Llc | Private Equity Fund | $22.8M | $32.5M | 11 |
| Systima Scr2 Debt Opportunity Fund Llc | Private Equity Fund | $14.2M | $38.0M | 1 |
| Sahi Tebs Ii Llc | Private Equity Fund | $6.7M | $250K | 3 |
From Form ADV Section 7.B private fund reporting.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 03/27/2026 | 3.01 MB | View · PDF · Source ↗ |
Archived copies of the firm's regulatory filings, versioned by content hash.
Disciplinary disclosures
No disciplinary events reported on the firm's latest Form ADV filing.
How they charge
- • Percentage of assets under management
- • Fixed fees
- • Performance-based fees
- • Other fees
- • ADMINISTRATOR, ACQUISITION AND ORIGINATION FEES
Services
- • Portfolio management for pooled investment vehicles
- • Portfolio management for businesses/institutional clients
- • Other services
Custody
Reported custodians
- BNY Mellon $156M (30% of AUM) Mar 2026
Amounts as reported in ADV Item 5.K.(3) (custodians holding 10%+ of SMA assets).
Firm reports having custody of client funds or securities (Item 9.A).
Source
All data on this page comes from this firm's Form ADV filings, reproduced without modification. Latest filing: Mar 27, 2026.
View current Form ADV (SEC/IAPD) ↗