Wunderlin, deAltris and Schwinzger founded JJMT Capital in an 1,100 square-foot Chicago apartment and started raising money for the deals. They were joined by Tyler Crookston, who had graduated from Indiana University in 2007. JJMT stood for the first initials of the founders, Jake, Joe, Matthew and Tyler. Wunderlin and deAltris quit their days jobs, but the other two did not and Crookston left the group within two years.