Fund VI · Public-Private
Fund VI · Public-Private
Public-Private Partnership Land Development
Land development delivered in partnership with public entities, aligning municipal growth objectives with institutional capital.
$970MTarget Fund Size
20–28%Target Net IRR
9%Preferred Return
Strategy
The mandate.
Fund VI structures and executes public-private partnership land development, partnering with municipalities and public agencies to unlock and entitle land in support of civic growth objectives. The strategy pairs LimeStone's entitlement and government-relations capabilities with public infrastructure and land assets to deliver community-scale development.
Focus Areas
- Municipal partnership structuring
- Civic and community land development
- Public infrastructure alignment
- Mixed public-private entitlements
Fund Terms
Structure & economics.
| Term | Fund VI |
|---|---|
| Target Fund Size | $970M |
| Structure | Delaware limited partnership |
| Preferred Return | 9%, compounded |
| Carried Interest | 20% above the 9% preferred, with 100% GP catch-up |
| GP Commitment | 2% of committed capital |
| Distribution Waterfall | European, whole-fund |
| Minimum LP Commitment | $2,000,000 |
| Target Net IRR | 20–28% |
| Leverage | 40–55% LTV (raw) / 50–60% LTV (entitled) |
| Investment Period | 5 years |
| Fund Term | 10 years, plus two 1-year extensions |
Terms shown are indicative and are qualified in their entirety by the fund's definitive offering documents, available to qualified investors.
Interested in Fund VI?
Request offering materials and speak with our investor relations team.