$1.800B · Platform-wide
Evergreen operating vehicle funding technology infrastructure, tenant management systems, and community services across the affordable housing portfolio.
Gr3ySpace Operations Fund II is an evergreen operating vehicle that funds technology infrastructure, tenant management systems, and resident-facing community services across the platform. Like Operations Fund I, it is structured as a permanent, cost-recovery vehicle with no fees and no carry — capitalizing the digital systems and community-service programs that support residents and modernize the platform's operational stack.
What this fund does.
- Platform operations infrastructure — 45% of capital
- Talent and technology systems — 25% of capital
- Working capital — 15% of capital
- Legal and compliance — 10% of capital
- Operating reserve — 5% of capital
Evergreen operating terms.
- Vehicle
- Delaware Limited Partnership
- Structure
- Evergreen — no fixed termination
- Investment Period
- Ongoing
- Carried Interest
- None (cost-recovery vehicle)
- Preferred Return
- N/A
- Fees
- No fees, no carry
- Liquidity
- Quarterly · 90-day notice redemption window
- 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 Operations Fund II data room.
Qualified LPs may request the Operations Fund II 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.