$3.610B · Platform-wide
Evergreen reserve vehicle providing LP co-investment capacity and redemption liquidity across the platform.
Gr3ySpace Reserve Fund II is an evergreen reserve vehicle providing LP co-investment capacity and redemption liquidity across the affordable housing platform. The fund maintains standing dry powder for off-cycle opportunistic acquisitions and bridges LP capital calls and deal-closing timelines — ensuring that the platform can respond to time-sensitive investment opportunities without disruption to operating cadence.
What this fund does.
- Dry powder and opportunistic capital — 60% of capital
- Co-investment backstop — 20% of capital
- Capital preservation — 12% of capital
- Legal and administration — 5% of capital
- Contingency reserve — 3% of capital
Evergreen reserve 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 Reserve Fund II data room.
Qualified LPs may request the Reserve 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.