# SYSTIMA CAPITAL MANAGEMENT LLC

SYSTIMA CAPITAL MANAGEMENT LLC of CHICAGO, IL is an SEC-registered investment adviser.

## Registration

- CRD: 168318
- Type: SEC-registered investment adviser
- SEC file number: 801-79703
- Location: 155 N. WACKER DRIVE, SUITE 3915, CHICAGO, IL, 60606
- Phone: 312-481-7229
- Latest filing: 2026-03-27
- Regulatory AUM: $512.6M
- Discretionary AUM: $413.8M
- Non-discretionary AUM: $98.8M
- Clients: 7
- Accounts: 7

## Business model

- Compensation: % of AUM, Fixed, Performance, Other
- Clients served: Pooled vehicles, Investment cos, Other

## Officers, owners & control persons (8)

| Name | Role | Location |
| --- | --- | --- |
| [John Nicholas Varones](https://search.stillhousedata.com/person/687615) | CHIEF EXECUTIVE OFFICER, MANAGING MEMBER; MANAGING MEMBER | — |
| [Conor Nmn O'Grady](https://search.stillhousedata.com/person/687616) | CHIEF COMPLIANCE OFFICER AND CHIEF FINANCIAL OFFICER | — |
| [PASZCZYKOWSKI RYAN MICHAEL](https://search.stillhousedata.com/person/821592) | CHIEF COMPLIANCE OFFICER; MANAGING DIRECTOR | — |
| [VARONES JOHN](https://search.stillhousedata.com/person/821593) | CHIEF EXECUTIVE OFFICER | — |
| [VARONES JOHN NICHOLAS](https://search.stillhousedata.com/person/825166) | CHIEF EXECUTIVE OFFICER, MANAGING MEMBER; MANAGING MEMBER | — |
| [DANILCHICK KATHLEEN GUGLER](https://search.stillhousedata.com/person/840294) | CHIEF COMPLIANCE OFFICER; MANAGING DIRECTOR | — |
| [O'GRADY CONOR NMN](https://search.stillhousedata.com/person/856106) | CHIEF COMPLIANCE OFFICER AND CHIEF FINANCIAL OFFICER | — |
| [Conor (Nmn) O'Grady](https://search.stillhousedata.com/person/1000885) | CHIEF COMPLIANCE OFFICER AND CHIEF FINANCIAL OFFICER | — |


## Private funds (6)

| Fund | Type | Formed | Owners | GAV | Min investment |
| --- | --- | --- | --- | --- | --- |
| SYSTIMA AFFORDABLE HOUSING CREDIT OPPORTUNITIES FUND III LP | Private Equity Fund | Delaware | 5 | $257.5M | $10.0M |
| SYSTIMA AFFORDABLE HOUSING FINANCE FUND I LP | Private Equity Fund | Delaware | 4 | $35.8M | $500K |
| SYSTIMA SUPPORTIVE HOUSING OPPORTUNITIES FUND I, LP | Private Equity Fund | Delaware | 3 | $25.0M | $3.0M |
| SYSTIMA SCR3 DEBT OPPORTUNITY FUND LLC | Private Equity Fund | Delaware | 12 | $20.3M | $21.9M |
| SYSTIMA SCR2 DEBT OPPORTUNITY FUND LLC | Private Equity Fund | Delaware | 1 | $10.9M | $38.0M |
| SAHI TEBS II LLC | Private Equity Fund | Delaware | 3 | $6.9M | $250K |


## Fund service providers (1)

- administrator: JPMORGAN HEDGE FUND SERVICES

## Related pages

- Form ADV Part 2 brochure: https://search.stillhousedata.com/firm/168318/brochure
- Similar advisers: https://search.stillhousedata.com/firm/168318/similar
- Related entities: https://search.stillhousedata.com/firm/168318/related
- SEC IAPD (source of record): https://adviserinfo.sec.gov/firm/summary/168318

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Source: public SEC Form ADV data via Adviser Search (https://search.stillhousedata.com).
Agents: this data is also queryable via MCP tools and read-only SQL — see https://search.stillhousedata.com/llms.txt.