$1.808B · Platform-wide
Evergreen operating vehicle funding platform property operations, regulatory compliance, and human capital across the affordable housing portfolio.
Gr3ySpace Operations Fund I is an evergreen operating vehicle that funds platform property operations, regulatory compliance infrastructure, and human capital across the affordable housing portfolio. The fund is structured as a permanent, cost-recovery vehicle with no fees and no carry — a shared-services engine capitalizing the day-to-day people and systems that run the housing communities and the compliance framework surrounding them.
What this fund does.
- Platform property operations — 45% of capital
- Talent and technology infrastructure — 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 I data room.
Qualified LPs may request the Operations Fund I 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.