Rank
Fund
Sponsor
Asset class
Vintage
LP Take
Composite
1
Traction Capital Fund - Land Development LLC
Unique Ability Capital, LLC (Wesley Greene)
Land Development (residential + commercial)
2018
100%
84
2
Red Oak Capital Fund VI, LLC
Red Oak Capital
Commercial RE
2015
100%
83
3
Luna Azul Development Fund, LLC
L.A. Management, LLC
Residential RE
2015
100%
73
4
preREO LLC
preREO
Commercial RE
—
100%
69
5
CAPITAL CITIES FUND, LLC
Tradewinds Realty Partners, LLC
Residential RE
2018
100%
68
6
AHP Title Holdings LLC
American Homeowner Preservation
Residential RE
2018
100%
66
7
PARADYME FUND A II, LLC
Paradyme Asset Management, LLC
Commercial RE
2018
99%
76
8
Efund City Metro Income Fund LLC
Efund
Commercial RE
2015
97%
73
9
School of Whales Commecial Real Estate Equity Fund, LLC
SOW Management LLC
Residential RE
2018
97%
70
10
BridgeWell Secured Income LP
BridgeWell Capital
Residential RE
2017
97%
69
11
111 Crowdfunding LLC
Diamond Sky Capital, LLC
Residential RE
2016
97%
66
12
Redwood Mortgage Investors IX
Redwood Trust
Unknown
2008
97%
61
13
ETX Park Fund #2, LLC
ETX Management
Residential RE
2018
97%
67
14
Hartley Income Fund, LLC
Hartley Funds
Residential RE
2015
96%
70
15
Mission First Capital LLC
Mission First Capital
Residential RE
2015
96%
70
16
School of Whales Commercial Real Estate Equity Fund, LLC
School of Whales
Residential RE
2018
96%
61
17
Bridgewell Preferred Income, LP
Preferred Income Manager, LLC
Residential RE
2018
96%
63
18
Bridgewell Preferred Income Fund, LP
Preferred Income Manager, LLC
Residential RE
2018
96%
59
19
Hartley Opportunity Fund LLC
Hartley Funds
Residential RE
2015
96%
63
20
Energea Portfolio 3 Africa LLC
Energea Global LLC
Residential RE
2021
96%
78
21
LK Secured Lending Reg A Fund, LLC
LK Advisors, Inc.
Residential RE
2021
95%
66
22
Madyson Equity Group, LP
Madyson Capital Management, LLC
Residential RE
2018
95%
62
23
RODIN GLOBAL PROPERTY TRUST, INC.
Cantor Fitzgerald
Unknown
2016
94%
72
24
RSNPG Bristol Partners LLC
RSN Property Group Operations, LLC
Multifamily RE
2026
94%
67
25
SPARK FUND ONE LLC
Vita Senior Living
Residential RE
2018
93%
62
Other rankings
Top private funds by LP-favorability
Highest-scoring private funds across every asset class — ranked by Waterfalls composite LP-favorability score.
Private funds with the highest preferred return
Private funds ranked by stated preferred return rate. Higher pref means LPs hit return-of-capital plus an annual yield before any GP promote kicks in.
Private funds with the lowest fee drag
Lightest fee load on LP returns. Lower fee drag = more of the fund's gross profit reaching the LP.
Private funds with the strongest GP-LP alignment
GPs with skin in the game — meaningful capital commitment, clawback provisions, promote-heavy compensation. Ranked by Waterfalls alignment dimension.
Top multifamily / apartment private funds
Highest-scoring multifamily private funds — institutional and middle-market apartment plays — by Waterfalls composite LP-favorability score.
Top real estate debt funds
Highest-scoring private real-estate debt and mortgage funds. Senior debt origination, mezzanine, and bridge lending strategies.
Ranked by manager
Largest private fund managers by fund count
Sponsors with the deepest bench — fund managers with the most distinct private funds tracked on Waterfalls. Volume signals platform scale and franchise depth.
Most LP-favorable private fund managers
Sponsors whose funds, on average, score highest on Waterfalls composite LP-favorability. Aggregated across every scored fund in the family.
Private fund managers with the lowest fee drag
Sponsors who run the lightest fee load across their fund families. Averaged across every scored fund — a structural signal of the manager's pricing philosophy.
Private fund managers with the strongest GP-LP alignment
Sponsors whose funds consistently put GP skin-in-the-game — meaningful co-invest commitments, clawback provisions, promote-heavy comp. Aggregated across the family.