Private Equity · Venture Capital · Real Assets

Institutional-grade access to the private markets that drive outsized returns

KDM Capital Partners manages institutional capital across private equity, venture, and real assets — with disciplined underwriting and active value creation at every stage.

Fund Fact Sheet

Fund Presentation

Investment Performance

1982

Firm Founded

2024

Fund Inception

25

Professionals

2

Locations

25

Professionals

2

Locations

~$690M

Loan Investments Since 2017

~59%

Average net LTV at closing

12-14%

Target Net Annual Returns

8.0%

Preferred Return

12-14%

Target Net Annual Returns

8.0%

Preferred Return

Company Background

KDM benefits from the extensive experience of its founding company, J. W. Korth & Company, LP (“JWK” or the “Investment Manager”). Established in 1982, JWK is an SEC-registered Broker-Dealer and FINRA member firm, with over 40 years of experience in the financial services industry. Originally focused on fixed income, JWK expanded its capabilities in 2017 to include the origination and securitization of CRE debt through the formation of KDM. This strategic evolution has positioned KDM as an experienced participant in the alternative real estate credit market.

As a voluntary public reporting company, KDM Inc, the affiliate of KDM Capital Partners, has demonstrated a commitment to transparency and investor confidence by successfully completing two publicly registered offerings. This reporting status allows KDM to deliver consistent, clear updates to investors that aligns with the transparency and disclosure standards of public companies and market participants.

SEC Disclosure Information: 10-Ks & 10-Qs

Timeline of key business milestones

1982

J.W. Korth & Co. Founded

J.W. Korth & Company is founded by Jim Korth. Currently an SEC registered Broker-Dealer & FINRA member firm originally solely focused on fixed income securities. Investment Manager to KDM Capital Partners.

2016

Launched CRE Debt Strategy

Expanded capabilities to include origination and securitization of CRE debt.

2017

Launched KDM

Korth Direct Mortgage (KDM) was launched to strategically participate in the alternative real estate credit market. DEC 2017, KDM issues 1st KDM Note via an S-1 registration with the SEC.

2018

Increased Demand for CRE Credit Solutions

KDM deploys capital as senior-secured, floating rate loans with rate floors targeting the lower-middlemarket (LMM), a segment underserved by traditional lending institutions. Sourced, underwritten, originated and serviced over $650 Million of new LMM CRE loans since 2017.

2024

Launched KDM Capital Partners

Jun 2024: KDM Capital Partners is launched. A semi-liquid, perpetual, income-oriented private credit strategy focused on real estate credit. Designed to meet growing demand for flexible, nonbank credit solutions in the Commercial Real Estate (CRE) sector.

2025

KDM Receives $350M Mandate

NOV 2025: KDM Capital added to the iCapital Marketplace, expanding our real estate credit strategy to a broader investor audience.

DEC 2025: KDM Capital appointed a $350 Million LMM investment mandate by a $5 Billion Institutional Asset Manager.

Executive Team

Our strength lies in our people — a team of experienced consultants, strategists, and analysts dedicated to helping businesses achieve clarity, confidence, and measurable growth.

Holly MacDonald-Korth

CEO AND PRESIDENT

Holly MacDonald-Korth is the Chief Executive Officer of KDM since May 2023 and President since 2019, and the Chief Financial Officer since 2016. Since 2006, she has been the managing director and chief financial officer of J.W. Korth & Company, where she oversaw all operations, finance, and business development for the firm. Prior to joining J.W. Korth, Ms. MacDonald-Korth was senior vice president at overstock.com and a financial systems analyst at the Board of Governors of the Federal Reserve. Ms. MacDonald-Korth is the daughter of James W. Korth. She received a Bachelor of Business Administration with honors in finance from University of Miami and holds FINRA series 7, 24, 27, and 66 licenses.

Daniel Llorente

CHIEF OPERATING OFFICER

Daniel Llorente is the Chief Operating Officer of KDM since 2016. Mr. Llorente has over fourteen years of commercial and residential real estate financing experience at a variety of mortgage banks. Prior to joining KDM, Mr. Llorente was a Mortgage Loan Originator at Lakeview Loan Servicing. In 2013 and 2014 he served as an Associate Portfolio Manager at Bayview Loan Servicing. From 2012 - 2013 he served as Assistant Vice President and Portfolio Manager at Intercredit Bank. From 2009 to 2012 he was Senior Loan Analyst at LNR Property LLC. Prior to that time, he held positions at Regions Bank, Silver Hill Financial, and Lincoln Road Funding. All positions were in Miami, Florida and related to real estate financing. He is an ABA Certified Credit Analyst.

Jesus Suarez

HEAD OF OPERATIONS

Jesus Suarez is the Head of Operations of KDM since 2019. Mr. Suarez has more than 20 years of experience in commercial real estate origination and asset management. Jesus has personally closed over $850M in commercial loans consisting of CMBS, commercial bank, SBA, and agency paper. Mr. Suarez manages the KDM pipeline and sales team of 10 origination account executives. He began his career at Global Investment Properties in 1998 as Asset Manager and then moved on to Silver Hill Financial from 2005 to 2009, after which he joined Lincoln Road Funding from 2009 to 2019 as Senior Vice President of Sales. He enjoys giving back to the community by supporting numerous children foundations both locally and nationally.

Pam Hipp

MANAGING DIRECTOR – INVESTOR RELATIONS

Pamela is a minority shareholder and Director at Korth Direct Mortgage. With over 25 years in financial services, she oversees proprietary and transactional fixed-income trading for J.W. Korth & Company and its clients. She specializes in identifying institutional client needs and delivering fixed-income products and solutions through J.W. Korth's extensive sector knowledge and broad dealer network. Her client roster has included top 25 insurance companies, major universities, credit unions, money managers, and high-net-worth individuals. Pamela holds expertise in corporate, municipal, agency, CMO, and structured debt products, and serves on the Investment Committee, guiding proprietary investment decisions. She holds FINRA Series 7, 24, 63, 66, and 79 registrations and a Bachelor of Science degree from Michigan State University.

Karl Gerasimov, CFA

EXECUTIVE DIRECTOR – STRATEGIC CAPITAL

Karl Gerasimov is an Executive Director at KDM Capital Partners, responsible for strategic capital formation and private wealth initiatives. He serves as a key liaison between institutional clients, investment managers, asset allocators, and high-net-worth individuals. Mr. Gerasimov's career in finance spans over two decades, with tenure at prestigious firms including Bear Stearns & Co., TD Waterhouse, Knight Capital Group, Starwood Property Trust, and Banco Santander. His broad industry experience and deep market relationships drive meaningful value for clients and partners across the capital spectrum. Mr. Gerasimov holds a Bachelor of Science in Business Administration from SUNY University at Buffalo and an MBA from the University of Miami. He is a CFA Charterholder and holds FINRA Series 7, 24, 57, and 63 registrations.

J.P. Lauria

VP – BUSINESS DEVELOPMENT

Jon Paul (J.P.) Lauria is Vice President of Business Development at Korth Direct Mortgage. Mr. Lauria joined J.W. Korth & Company in 2015 as a Mortgage-Backed Securities Trader before assuming his current role in 2020. He oversees strategic partnerships, capital raising, corporate initiatives, CRE deal originations, and Mortgage Secured Notes placements. KDM's MSN program creates single-asset first lien securitizations via public debt markets, specializing in $5–$75 million multi-tenant property refinancing. Prior to joining Korth, Mr. Lauria held positions in equities and institutional fixed-income sales, including 15 years as a Senior MBS Trader at JVB Financial Group. His broad market expertise and deep sector knowledge continue to drive meaningful value for clients and partners alike. J.P. holds FINRA Series 7 and 63 registrations.

Eva Andrews

VP OF ACCOUNTING

Eva Andrews is the Vice President of Accounting for both J. W. Korth & Company and Korth Direct Mortgage; and has a passion working with small businesses. She joined J.W. Korth in 2014 as Accounting Manager and has been an integral part of growing the Korth Direct Mortgage business. Ms. Andrews received a Bachelor of Business Administration in Business Management from the Terry College of Business at the University of Georgia. Ms. Andrews has over fifteen years of experience in the accounting industry starting her career in her family’s restaurant business. After the family business was sold, she moved to New York City and attended NYU and worked her way up to Accounting Manager at Framestore and Havaianas.

Michael Jacobs

VP – UNDERWRITING AND MARKET DATA

Michael D. Jacobs is Vice President of Underwriting and Market Data. Mr. Jacobs joined J.W. Korth & Company in 2015 as a Mortgage-Backed Securities trader and assumed his current role with Korth Direct Mortgage in 2020. Mr. Jacobs has been in the securities industry for 21 years, initially working for Legg Mason Wood Walker as a Residential Mortgage- Backed Securities trader in 2000; then moving to JVB Financial Group in 2006 as Vice President of MBS Sales and Trading. Michael is registered with FINRA, holding a Series 7, 24, 63, and 66 license. Mr. Jacobs received his Bachelor of Science degree in Management from The Pennsylvania State University and received an MBA from Southeastern Oklahoma State University.

Claudio Payret

VP OF TECHNOLOGY

Claudio Payret is the Vice President of Technology at Korth Direct Mortgage. He joined J.W. Korth & Company as IT Manager in 2016 and has since played an integral role in the organization's growth. With over 20 years of experience in application development and technology management, Mr. Payret leads initiatives encompassing SOC 2 compliance, cybersecurity frameworks, and the integration of artificial intelligence to optimize operational processes. His expertise spans cloud-based solutions, IT infrastructure management, and aligning advanced technology with organizational objectives. Prior to joining Korth, Mr. Payret served as Chief Technology Officer for six years. His leadership continues to drive innovation within the competitive industry.