About the house
A holding built around the things that last.
By the editors
An introduction in four parts.
The house was established in 2023 by Jonathan R. C. Devereaux around a simple proposition: durable enterprises are built by people who measure time in decades and capital in conviction.
In our short life we have stood up six operating platforms — private equity, real estate, ventures, infrastructure, wealth, and hospitality — and we have committed principal capital alongside every outside dollar we have accepted.
Everything we do is shaped by an unfashionable belief: the right time horizon is whatever the asset deserves. Sometimes that is twelve months. More often, it is twelve years.
We do not run JRCD to maximise any single year. We run it so that, in twenty years, the people we have served still want their grandchildren to know us.
— Jonathan R. C. Devereaux · Founder & CEO
Four principles.
The smallest, oldest part of the firm. Practised, daily, since day one.
Patience
We hold what we like for as long as it compounds. Time horizon is our edge.
Discretion
We do not chase headlines. Our best work is rarely visible.
Ownership
Aligned capital, aligned governance. We sit on every board we invest behind.
Craft
From a hotel renovation to a quarterly letter, the standard is the same.
A short chronology.
- 2023
Founded
JRCD Holdings is established as an independent, owner-operated investment platform with anchor capital from the founding principals.
- 2023
Capital Partners launched
Our private equity practice opens its first vintage, targeting mid-market operating companies across financial services, logistics, and industrials.
- 2023
First real estate acquisition
Northbank Commercial Tower acquired below replacement cost — anchoring the JRCD Real Estate platform.
- 2024
Ventures and Infrastructure stood up
Two long-duration platforms launched the same year: applied-AI and climate venture, and an energy & infrastructure practice.
- 2024
Wealth Advisory established
A discreet multi-family office launched to serve founders, principals, and institutional partners.
- 2025
Hospitality Group operational
Branded and independent hotel operations spun out as a dedicated subsidiary.