$2.80B · 30% AMI and below (with subsidy)
Permanent supportive housing for individuals experiencing homelessness, chronic mental illness, disability, and veterans, with embedded on-site services.
Gr3ySpace Fund VI develops and operates permanent supportive housing communities providing affordable housing with embedded on-site supportive services for individuals experiencing homelessness, chronic mental illness, physical disability, and for veterans including permanent supportive housing, transitional housing for returning service members, and VA-VASH voucher-supported communities. The fund partners with government agencies, healthcare systems, and social service providers to deliver integrated housing and services.
What this fund does.
- Permanent supportive housing (PSH) for chronically homeless
- VA-VASH voucher-supported veteran communities
- Section 811 Supportive Housing for Persons with Disabilities
- Medicaid HCBS-aligned service integration
- Continuum of Care (CoC) partnerships
Key economic terms.
- Net IRR Target
- 10–13% net IRR
- Vehicle
- Delaware Limited Partnership
- Fund Term
- 15 years (two 1-year extensions at GP discretion)
- Investment Period
- 5–7 years
- Carried Interest
- 15% above 7% preferred return (100% GP catch-up)
- Preferred Return
- 7%, compounded annually
- Distribution Waterfall
- European (whole-fund) waterfall
- GP Commitment
- 2% of total fund commitments
- Minimum LP Commitment
- $1,000,000
- Auditor
- PwC
- Legal Counsel
- LePore Law Group
Full fund terms are set forth in the Limited Partnership Agreement, Private Placement Memorandum, and Subscription Documents for the applicable fund vehicle. Fund interests are offered only to accredited investors and qualified purchasers.
Institutional cadence, matched to fund complexity.
Request the Fund VI data room.
Qualified LPs may request the Fund VI private placement memorandum, subscription documents, DDQ, Form ADV Parts 1 and 2A, audited fund financials, and ILPA Reporting Template samples through the Gr3ySpace Investor Relations team.