Opportunistic I Fund

Opportunistic I Fund


Higher-risk development, distressed, and high-return situations. Concentrated exposure to opportunistic dislocations in property management.

$0.529B
Committed Capital
17–22%
Net IRR Target
8 yr
Fund Term
Opportunistic
Strategy
Strategy

Investment thesis

UpManagement Opportunistic I Fund pursues higher-risk, higher-return situations in the property management sector: distressed operators, orphaned book acquisitions, sector dislocations, and platform-level restructurings. The strategy accepts elevated risk in exchange for asymmetric return potential — with rigorous underwriting and dedicated operating support to convert opportunistic entries into institutional exits.

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

  • Distressed operators requiring restructuring
  • Orphaned management-company books
  • Sector dislocations and platform break-ups
  • Recovery and turnaround situations
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