Daniel Och’s $570M Foundation Leans Into Venture and Private Equity; JADOFF Explained

Predrag Shipov

Published onMay 23, 2026

Daniel Och founded one of the first hedge funds to go public with the firm Och-Ziff Capital Management (now Sculptor Capital Management) debuting under ticker OZM in 2007. Och left the hedge fund business in 2019 to spend more time on his foundation and family office work.

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While not the size of his former hedge fund, Och’s foundation, The Jane and Daniel Och Family Foundation, is the size of a small-mid sized hedge fund. In fiscal 2024, the foundation reported $43 million in revenue, as total net assets reached $570 million. The foundation filed $33 million in expenses, and the total net income was $9 million.

Of those, $19 million resulted from a stock donation made by Daniel and Jane Och, with another $4.8 million in cash from WCH Q3 2015 5 LLC, a vehicle whose initials and tax-preparer address match Willoughby Capital Holdings LLC, Och’s family office and the foundation’s named investment manager (per Part VII of the 990). Dividends and interest from securities reigned in an extra $143 thousand.

Fund Investments

In 2023, the foundation invested $522 million. In 2024, this amount rose to $568 million. Below are a list of those holdings.

Accel Growth Fund III, IV LP – Two funds from a venture capital management company, Accel. Its focus is on innovative companies from different tech subsectors.
Accel Leaders Fund – This fund from Accel focuses on startups in the software industry.
Accel Strategic Partners XII – Wide exposure of the foundation to Accel venture capital funds.
BDT Capital PTRS Fund II (TE) – A $6.2 billion fund founded in 2016 by BDT Partners.
BDT Capital PTRS Fund III – A 2019 fund that peaked at $6.3 billion.
C-III Recovery Fund II – An investment in a 2014 vintage real estate distressed fund managed by C-III Capital Partners.
DST OPP Access Offshore – Goldman Sachs fund with few details.
FundersClub 3DJ LLC – an online venture capital firm that currently has a $30 billion portfolio valuation. In its history, it has funded more than 410 startups. It is still on the list of investments; however, the foundation reported allocation. In 2023, the figure was $2.5 million.
Legacy Venture VIII LLC – Venture Capital fund managed by Next Legacy Partners. The company wants to maximize ROI. It does this by supporting top early-stage venture capital firms. It also backs innovative founders.
Northwood Real Estate PTRS – Och Foundation’s investment in the real estate sector through Northwood Investors. Northwood targets high-quality assets in premium locations, rotating opportunistically between sectors and geographies to pursue attractive risk-adjusted value and returns.
PEG Digital Growth Fund II – A private equity growth expansion fund co-managed by J.P. Morgan and J.P. Morgan Asset Management.
PEG Second Pvt EQTY Invest Off, Invest II – Two buyout funds managed by J.P. Morgan Asset Management.
Quadro PTRS (Cadre Series B) – Probably a software startup focused on innovative development in the real estate industry.
Sculptor Credit OPP Overseas, Overseas Fund II, Real Est CR PAR FD A – Three funds from Sculptor Capital Management. The company has three main strategies: credit, multi-strategy, and real estate. Currently, it is managing over $38 billion with a 31-year track record of success in investing.
Sequoia SCHF USTE, LP – A hard-to-track investment, most likely tied to the Sequoia Fund. Between 2023 and 2024, the investment was trimmed from $39 million to $30 million.
Trident VII LP – Coming from Stone Point Capital, Trident VII is a vintage buyout fund that invests in the financial services sector.
Cadre Chatnam Hill Holdings, Crestleight Invest Par, West Putnam Invest Par, Frankford TX Invest, Lincoln CA Investors, Orange Center Tower, Stonecrest CA Invest I, Trails TX Investors, Broadway Investors LP, Shadowlake Investors I – A group of investments targeting Cadre. Essentially, a real estate investment manager that utilizes a single-asset, value-investing approach in the underserved middle market. Some of the allocation was reduced to $0, including Broadway Investors and Lincoln CA Investors.

Jadoff Investments

Jadoff Investments is the foundation’s single largest position at $447 million, or roughly 79% of all invested assets. Operating from the foundation’s own Greenwich, CT address at 330 Railroad Avenue Suite 101, Jadoff is controlled by Ochs. The 990 makes the connection explicit. When asked in Part VI-A whether the foundation owns a controlled entity within the meaning of section 512(b)(13), the answer is yes. Jadoff carries EIN 85-2210587.

The year-over-year change in the position was not just market appreciation. During 2024, the foundation contributed an additional $45.7 million in new capital to Jadoff. It also received $12.2 million back in capital distributions. The remainder of the $76.7 million increase, around $43 million, came from unrealized gains inside the fund itself. Across nearly every other position in the portfolio, the foundation was a seller. Jadoff was the exception. It was the only major holding to receive fresh capital from the foundation during the year.