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Fund VII · Infrastructure

Infrastructure land

Fund VII · Infrastructure

Land Development Infrastructure Financing

Financing the roads, utilities, and public improvements that convert entitled land into buildable communities.

$1.050BTarget Fund Size
20–28%Target Net IRR
9%Preferred Return

Strategy

The mandate.

Fund VII finances the horizontal infrastructure — roads, water, sewer, drainage, and public improvements — that transforms entitled land into buildable, development-ready communities. The strategy captures value at the infrastructure-finance stage of the land lifecycle, structuring improvement financing tied to confirmed development demand.

Focus Areas

  • Horizontal infrastructure financing
  • Roads, water, and utility corridors
  • Improvement district structuring
  • Infrastructure-linked disposition

Fund Terms

Structure & economics.

TermFund VII
Target Fund Size$1.050B
StructureDelaware limited partnership
Preferred Return9%, compounded
Carried Interest20% above the 9% preferred, with 100% GP catch-up
GP Commitment2% of committed capital
Distribution WaterfallEuropean, whole-fund
Minimum LP Commitment$2,000,000
Target Net IRR20–28%
Leverage40–55% LTV (raw) / 50–60% LTV (entitled)
Investment Period5 years
Fund Term10 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.

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