Reserve Fund I

Platform Expansion Reserve


A standing reserve that funds opportunistic platform expansion, acquisitions, and technology upgrades between primary fund deployments.

$1.571B
Committed Capital
N/A
Net IRR Target
8 yr
Fund Term
Reserve
Strategy
Strategy

Investment thesis

UpManagement Reserve Fund I holds committed capital in reserve for platform expansion: bolt-on acquisitions that arise between primary fund cycles, entry into new regional markets, and technology upgrades that benefit the entire portfolio. The reserve gives the platform the flexibility to move quickly on attractive opportunities without disrupting the deployment discipline of the investment funds. This fund does not carry an IRR target; it is a capital-availability and optionality vehicle governed by the investment committee.

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

  • Opportunistic bolt-on management-company acquisitions
  • New regional-market entry and hub expansion
  • Portfolio-wide technology upgrade programs
  • Bridge capital between primary fund deployments
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