$1.326B · Platform-wide
Growth equity into scaling affordable housing operators, developers, and platforms.
Gr3ySpace Growth I Fund provides growth equity to scaling affordable housing operators, developers, and vertically integrated platforms. The fund invests in operating businesses positioned to scale meaningful pipeline capacity, technology-enabled property management platforms, and specialized service providers underpinning the affordable housing ecosystem.
What this fund does.
- Growth equity into affordable housing operators
- Vertically integrated development platforms
- PropTech and compliance-tech businesses
- Property management platform scale-ups
- Service-provider consolidations
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 Growth I Fund data room.
Qualified LPs may request the Growth I Fund 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.