The Rama Fund Overview - Rama Capital Partners, LLC

Management Team cont’dJay GangwalMr. Gangwal has served as an external member of the Fund’s loan committee since its inception in 2008.Currently, Mr. Gangwal is a Principal of IRA Realty Capital where his primary responsibility is overseeingthe company’s value-add and opportunistic/distressed real estate strategy, which includes sourcingequity, debt and acquisitions. Over the past 10 years, Mr. Gangwal has purchased or financed over $1billion of commercial real estate throughout the United States.He was most recently a Director at Douglas Wilson Companies responsible for the acquisition of valueaddedand distressed real estate properties throughout the Western United States for the firm’s portfolio.Mr. Gangwal has extensive experience in income analysis, equity and loan structures, due diligencereview, cash flow projections, and asset valuations. He has a unique and comprehensive knowledge ofreal estate through his experiences as a lender, advisor, and principal. Before joining DWC, Mr.Gangwal was a Principal with the Chesapeake Equity Fund at Legg Mason Real Estate Investors wherehe was responsible for joint venture equity placements and principal investments. During his tenure, Mr.Gangwal acquired over $200 million of commercial real estate projects throughout the United States.Prior to LMREI, he was a Vice President at CWCapital LLC where he was directly responsible fororiginating senior and mezzanine bridge loans including the origination of over $350 million in mezzanineand debt investments for commercial real estate projects. While at GE, Mr. Gangwal worked on a teamthat structured nearly $600 million of senior and mezzanine debt to be held on GE’s balance sheet. Hereceived his undergraduate degree in Finance and MIS from the California State University, Northridge.Mr. Gangwal is an active member of NAIOP and ULI.18