J&S Capital
The Family-Office Style
Investment Firm
The Family-Office Style Investment Firm
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J&S Capital is a public markets-focused partnership that invests the capital of the co-founders (John Davenport & Shaun Sharabi), our close family & friends, and a select group of limited partners.
We say we have a “family office” view towards wealth creation, meaning we focus exclusively on maximizing long-term returns.
We tend to be conservative when the market is hot and more aggressive when the market is not.
We are interested in partnering with those who share the same views.
J&S Capital is a public markets-focused partnership that invests the capital of the co-founders (John Davenport & Shaun Sharabi), our close family & friends, and a select group of limited partners. We say we have a “family office” view towards wealth creation, meaning we focus exclusively on maximizing long-term returns. We tend to be conservative when the market is hot and more aggressive when the market is not. We are interested in partnering with those who share the same views.
The Founders
John Davenport
I’ve always had an entrepreneurial drive and a desire to work independently. After graduating from Columbia University, I joined the Leo Fund, an upstart credit hedge fund strategy inside the Royal Bank of Canada. I spent every free moment I had, in and out of work, learning the intricacies of the credit market and the fundamentals of business analysis, hoping to graduate from grunt work to investing. Within six months, I was to prove to my boss that he could trust a 23 year old to manage his own $150m discretionary book (of the fund’s ~$1bn total).
I then went on to work at a private credit shop, but spent most of my time figuring out how to invest my own capital full time. I developed a proprietary market making strategy that ultimately enabled me to leave my job in April 2020. I began trading my first bonus of approximately $50,000 and turned that into $3.5m over roughly 2.5 years. Simultaneously, I began investing the profits using a deep value strategy that roughly doubled the S&P 500’s annual return. In 2022, some people took notice and asked me to invest their capital alongside my own, and I launched my initial investment partnership with twenty individual investors. After two years, I’ve narrowed in on what works for myself and for my investors, found the right partner, and am ready to open the doors to additional investors.
Shaun Sharabi
In June 2017 a month after I graduated college I moved cross country to Northern California to sell residential solar door to door in a commission only role. All the other opportunities sounded boring and seemed to be what everyone else was doing. From the outside looking in, I realized spending 8-10 hrs per day walking around residential neighborhoods, through all seasons of the year, knocking on doors didn’t sound enticing to most people. However, the commission only, sink or swim mentality fired me up. Those 2 years are what sparked me to start my own solar business in July 2019, scale to 500+ employees and 149M in revenue by 2022. After navigating hyper growth, followed by a large restructuring process in response to economic and regulatory changes (including downsizing employee bae, executive transitions, and shifting to a more asset-light business model), I was able to take a step back from my role as President in June 2024. The business is still profitable to this day where I remain a shareholder and on the board.
I partnered with John after spending months getting to understand his vision, what he was looking for in a partner, and finding that although we’ve had very different careers, our intentions were extremely aligned. We agreed the diverse background would allow us to bring a blend of business and investing experience to this partnership, putting us in a better position to deliver strong results. I’ve seen every part of the business cycle and bring that knowledge to our investing process, and to the relationships with our LPs.
The Founders
John Davenport
I’ve always had an entrepreneurial drive and a desire to work independently. After graduating from Columbia University, I joined the Leo Fund, an upstart credit hedge fund strategy inside the Royal Bank of Canada. I spent every free moment I had, in and out of work, learning the intricacies of the credit market and the fundamentals of business analysis, hoping to graduate from grunt work to investing. Within six months, I was to prove to my boss that he could trust a 23 year old to manage his own $150m discretionary book (of the fund’s ~$1bn total).
I then went on to work at a private credit shop, but spent most of my time figuring out how to invest my own capital full time. I developed a proprietary market making strategy that ultimately enabled me to leave my job in April 2020. I began trading my first bonus of approximately $50,000 and turned that into $3.5m over roughly 2.5 years. Simultaneously, I began investing the profits using a deep value strategy that roughly doubled the S&P 500’s annual return. In 2022, some people took notice and asked me to invest their capital alongside my own, and I launched my initial investment partnership with twenty individual investors. After two years, I’ve narrowed in on what works for myself and for my investors, found the right partner, and am ready to open the doors to additional investors.
Shaun Sharabi
In June 2017 a month after I graduated college I moved cross country to Northern California to sell residential solar door to door in a commission only role. All the other opportunities sounded boring and seemed to be what everyone else was doing. From the outside looking in, I realized spending 8-10 hrs per day walking around residential neighborhoods, through all seasons of the year, knocking on doors didn’t sound enticing to most people. However, the commission only, sink or swim mentality fired me up. Those 2 years are what sparked me to start my own solar business in July 2019, scale to 500+ employees and 149M in revenue by 2022. After navigating hyper growth, followed by a large restructuring process in response to economic and regulatory changes (including downsizing employee bae, executive transitions, and shifting to a more asset-light business model), I was able to take a step back from my role as President in June 2024. The business is still profitable to this day where I remain a shareholder and on the board.
I partnered with John after spending months getting to understand his vision, what he was looking for in a partner, and finding that although we’ve had very different careers, our intentions were extremely aligned. We agreed the diverse background would allow us to bring a blend of business and investing experience to this partnership, putting us in a better position to deliver strong results. I’ve seen every part of the business cycle and bring that knowledge to our investing process, and to the relationships with our LPs.
The Partnership adheres to a deep value investment philosophy and seeks to exploit areas of the market more prone to inefficient behavior. Our opportunities can be the result of structural market dynamics that create temporary price dislocations, complex or poorly understood “special situations”, or simply temporarily out-of-favor industries or companies. The Partnership’s small relative size is an advantage in that it allows us access to a greater number of opportunities and play against lower caliber competition than larger funds and institutions. It also enables us to better take advantage of small windows of opportunity.
Nothing we’re doing is revolutionary - in fact, we would argue it’s the opposite. We base our investment strategy on a formula that has worked for centuries: Buy things for less than they’re worth. It sounds simple, but it requires considerable effort, discipline, and market knowledge in order to do it correctly. It also lacks the excitement and adrenaline that many “investors” seem to enjoy.
Our goal is to provide a long-term and sustainable solution for building wealth, for managers and partners alike. We have been successful in our early careers, granting us the freedom to be intentional, strategic, and patient with regards to both our investment strategy and those we choose to partner with. This is why we say we have a “family office” philosophy towards managing capital. What we mean by this:
1. We have aligned interests: We invest, and will continue to invest, alongside our LPs. We have significant portions of our net worths in the Partnership and we intend to reinvest most of our fees after paying basic living expenses.
2. We have our closest family and friends as LPs. Some funds “don’t want to manage their loved ones’ capital in case they don’t perform well”. We are the opposite: We don’t trust anyone else to do it. If we thought someone else would do better, we would give our money, and our families’ money, to them.
3. We stay disciplined. We do not put our capital at risk in order to chase quick gains. A fund that is in the 51st percentile every year becomes a 99th percentile fund over the long-term.
4. We have unique backgrounds: Most funds are managed by investors that don’t have real-world business experience. We have experience as business operators and as investors, which allows us to see problems and opportunities that others may not.
If you think this Partnership might align with you, we would love to get to know you better and see if it’s a mutual fit. Even if it is not, we always welcome the opportunity to meet other founders, executives, and investors. Please feel free to reach out.
