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Benchmarks · Real Estate Equity

Diversified Real Estate

Multi-strategy real-estate funds with no dominant asset class. Useful baseline benchmark for comparing single-strategy funds against.

VintageAll years2020+2015–20192010–2014Pre-2010Showing 95 funds in this cohort
Sample95 funds94 with composite· 2015–2019

Score · median across 94 scored funds

Composite
42
Absolute LP Take
90
GP Timing Risk
35
Pref Quality
38
Fee Drag
28
Alignment
18

Structural design — median

Pref rate
median
7.5%
n
52
Hurdle rate
median
18.0%
n
2
LP residual split
median
80.0%
n
20
GP residual split
median
20.0%
n
20
Catch-up rate
median
60.0%
n
2
GP commit
Undisclosed treated as 0% per platform policy.
median
0.0%
n
95

Feature prevalence — % of funds where present

Pref cumulative
22%
Pref compounding
27%
Has catch-up
7%
Has clawback
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