Silverpeak Real Estate Partners L.p.

Silverpeak Real Estate Partners L.P. and SP SMC Capital LLC are investment advisers specializing in real estate investments. Established in 2010 and 2015, respectively, they manage investment vehicles organized into two fund platforms: Silverpeak Legacy Partners II L.P. and Silverpeak Legacy Partners III L.P. The firm provides discretionary investment advisory services primarily focused on equity and equity-related investments in real estate properties, companies, and service businesses. Clients' investment guidelines include direct property ownership, joint ventures, mortgages, and investments in debt instruments. The firm seeks to achieve attractive risk-adjusted returns through fundamental, value-driven strategies tailored to local market conditions. Clients' assets under management totaled $325 million as of December 31, 2024. Fees are negotiated with each client, with management fees typically ranging from 1.00% to 2.00% of capital commitments. Silverpeak does not generally deal with financial intermediaries and does not participate in soft dollar arrangements. The firm has custody of clients' cash and securities held by independent qualified custodians. Clients' investments are reviewed regularly, and reports are provided to investors. The firm's code of ethics emphasizes compliance with laws, avoiding conflicts of interest, and safeguarding confidential information. Silverpeak does not vote on proxies for private companies held by clients. The firm's financial information for 2024 includes total assets of $27.3 million and total liabilities of $10.2 million.