Alex Bhathal

Alex Bhathal is Founder of RAJ Capital, the Bhathal family’s investment office including its Revitate investment management platform, leading the firm’s activities in real estate, consumer brands and sports.

Since 2013, Alex has served as co-owner and Executive Director of Sacramento Basketball Holdings, which owns the Sacramento Kings of the NBA, the Stockton Kings of the G-League, Kings Guard Gaming of NBA 2K, MiLB’s River Cats, Golden 1 Center and Downtown Commons entertainment and sports district. 

In 2024 Alex and his family acquired the controlling interest in the Portland Thorns of the National Women’s Soccer League where he serves as Alternate Governor. 

Alex was honored with the Orange County Business Journal’s “Excellence in Entrepreneurship” Award in 2023 and named Globe St.com’s “2019 Opportunity Zone Investor of the Year”. 

He serves as Board Director for Compass Diversified (NYSE: CODI) and Mark IV Capital and as incoming Chair of the California Coast Chapter of YPO.

He earned his B.A. from the University of California Los Angeles, M.B.A from the University of Southern California and is completing the Presidents Program in Leadership at Harvard Business School.

Lisa Bhathal Merage

Lisa Bhathal Merage serves as Co-Founder and Managing Partner of RAJ Capital. The Newport Beach based firm is the alternative asset platform of the Bhathal Family Office.

RAJ Capital was established after successfully selling the family’s 50-year old women’s swimwear business, RAJ Swim, to private equity.  Lisa was CEO of RAJ Swim from 2006-2016.  

In 2009, she launched LUXE by Lisa Vogel, an upscale and chic swimwear fit solution for the modern beach sophisticate, sold at luxury retailers such as Neiman Marcus and Saks Fifth Avenue. LUXE by Lisa Vogel was honored as the Mercedes Benz Fashion Week Swim Presents “Designer of the Year” in 2012.

Lisa has appeared in numerous fashion and business television segments including appearances on CBS, E! Entertainment Television, NBC Inside Couture, and FOX’s Good Day LA.  She has participated as a panelist for BUZZ: An Executive Women’s Think Tank, and awarded with the inaugural “Rising Leader” Award at Segerstrom Center’s Arts and Business Leadership Award Dinner. Lisa was a recipient of the 2015 “Women in Business” Award from the Orange County Business Journal and was the Keynote Speaker at the event in 2016.

Along with her family, Lisa is co-owner of Sacramento Basketball Holdings LLC.  The firm owns the Sacramento Kings franchise of the National Basketball Association (NBA), Golden 1 Center, the Sawyer Hotel and residences, and is the developer of the Downtown Commons entertainment and sports district in Sacramento.

Lisa and her family recently finalized the purchase of the Portland Thorns in the National Women’s Soccer League (NWSL) where Lisa serves as Governor.

With a philanthropic passion for both the arts and education, Lisa is currently a Trustee and Advancement Committee Chair at JSerra Catholic High School. She has served as a Trustee for both Sage Hill School and St. Mary’s IB World School. 

Lisa serves as Treasurer of Angel of the Arts at Segerstrom Center, and previously served as Vice Chair of the Board of the Orange County Museum of Art.

Lisa was also Chair of the Board of Gen Next, a nonprofit aimed at education reform, economic growth, and national security.  In 2015, she was awarded the “Altruist of the Year” Award from Modern Luxury magazine. 

Lisa is a graduate of USC's Marshall School of Business and holds a certificate in Social Impact Strategy from the University of Pennsylvania. She is married to husband Richard Merage, and resides in Newport Beach with their five boys.