Value-Add Fund

Value-Add Fund


Repositioning, operational improvement, moderate risk. Active operating value creation across acquired platforms.

$0.794B
Committed Capital
17–22%
Net IRR Target
8 yr
Fund Term
Value-Add
Strategy
Strategy

Investment thesis

UpManagement Value-Add Fund acquires property management operators that require repositioning and hands-on operational improvement. The strategy pairs underwriting discipline with UpManagement's operating playbook — technology deployment, service standardization, cross-portfolio referral, and pricing rigor — to lift acquired platforms to institutional standards and unlock margin expansion.

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 assets

Where this fund concentrates

  • Underperforming operators with clear turnaround thesis
  • Repositioning and rebranding opportunities
  • Margin-expansion candidates via operating discipline
  • Cross-portfolio integration targets
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.

Reserve availability

Undrawn capital ready to deploy

Deployment discipline

Committee-approved use of reserve

Expansion velocity

Speed to close opportunistic deals

Portfolio benefit

Assets improved by reserve programs

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