The roots of RAJ Capital are based in the swimwear industry when the firm was formed by brother and sister duo Alex Bhathal and Lisa Bhathal Merage in 2006.  The first investment of RAJ Capital was the acquisition, along with Swander Pace Capital and Goldman Sachs, of the family business RAJ Swim founded by their parents in 1967. RAJ Swim and its direct-to-consumer e-commerce platform, SwimSpot, has grown over the decades to become the industry's leading house of fashion.

Building from the continued success of their ventures in apparel and real estate development, the duo began making direct and indirect investments in companies that fit their criteria. The common theme to RAJ Capital investments has been a focus on backing entrepreneurs that can identify and optimize transformative change opportunities in consumer products, sports, and real estate.

In May of 2013, the Bhathal family acquired the Sacramento Kings NBA franchise as principal co-owners as part of the Vivek Ranadive-led ownership group.  Raj Bhathal was named Vice Chairman and Alternate Governor.  Alex Bhathal was appointed to the Executive Board and Real Estate Committee Member.

Since the acquisition, ownership focused on a simple and monumental task: utilize the community unifying strength of the Kings brand to facilitate the revitalization of the downtown core in Sacramento.  By the end of 2018, that dream has become a reality; for most observers the progress has been verifiable and occurred at warp speed.

Inspired by the successful developments in Sacramento and newly passed tax incentives for allocating investments to historically overlooked communities, RAJ Capital launched RevOZ Capital as a dedicated platform for investing in Opportunity Zones.  The firm earned the title of ‘Opportunity Zone Investor of the Year’ in 2019 by GlobeSt. and has received national recognition for incorporating positive social impact in its investments, consisting of over $500M in new developments across the country.

With over a decade of experience and success as operators and investors, the RAJ Capital team has developed the vision, processes and systems to break the future. We invite tomorrow's leaders to join us.