Investment Fund IV

HOA & Community Association Management


A community-association management platform serving homeowner associations, condominiums, and master-planned communities with transparent governance and reserve discipline.

$0.770B
Committed Capital
17–22%
Net IRR Target
8 yr
Fund Term
HOA
Strategy
Strategy

Investment thesis

UpManagement Fund IV consolidates community association management companies into a single institutional platform. The fund manages homeowner associations, condominium associations, and master-planned community districts — running board governance support, assessment collections, reserve-fund planning, covenant enforcement, and vendor procurement on behalf of volunteer boards. Fee schedules, maintenance markups, and vendor practices are disclosed in full to boards before engagement. Growth compounds through reputation, board referrals, and technology that gives homeowners transparent, self-service access to their community’s finances.

Terms

Fund architecture

VehicleDelaware Limited Partnership
Term8 years (+ two 1-year extensions)
Preferred return8% preferred return
Carried interest20% carried interest above preferred
WaterfallAmerican waterfall with GP clawback
Minimum LP$1,000,000
AuditorPricewaterhouseCoopers LLP
Legal counselLePore Law Group
Target net IRR17%–22% net
Target assets

Where this fund concentrates

  • Homeowner and property owner association management
  • Condominium and high-rise association management
  • Master-planned community and district management
  • Developer transition and new-community onboarding
Operating discipline

The numbers we run to

Every managed property is held to weekly operating metrics. These are the disciplines that distinguish an institutional operator from a passive fee collector.

Assessment collections

On-time dues realization per association

Reserve funding ratio

Funded reserves against study targets

Board satisfaction

Renewal of management agreements

Work-order SLA

Common-area service response times

Property management is the most undervalued operating layer in real estate. Run it like the business it is.
Alexandra Pohl, Founder and CEO

Speak with our investor relations team

For fund materials, capital account information, and partnership inquiries, reach UpManagement directly.

Contact Investor Relations