Opportunistic II Fund

Opportunistic II Fund


Higher-risk development, distressed, and high-return situations. Second sleeve providing dedicated capacity for opportunistic property management deployments.

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

Investment thesis

UpManagement Opportunistic II Fund extends the opportunistic strategy with a dedicated capital sleeve for situations that exceed Opportunistic I's concentration limits, or that arise later in the deployment cycle. The fund maintains the same underwriting discipline: elevated risk tolerance, asymmetric return targets, and full operating-team support.

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

  • Late-cycle distressed opportunities
  • Concentrated single-platform bets
  • Follow-on opportunistic deployments
  • Sector recovery plays
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