Rank
Fund
Sponsor
Asset class
Vintage
Fee Drag
Composite
1
ACCELERA INNOVATIONS FUND I, LLC
Accelera Innovations, Inc.
Unknown
2018
100
63
2
PFG Fund III, LLC
PFG Capital
Unknown
2015
100
61
3
MCI Income Fund V, LLC
Megatel Capital Investment
Unknown
2021
100
58
4
Groundfloor Yield LLC
Groundfloor Finance
Unknown
2014
100
53
5
PFG Fund V, LLC
PFG Capital
Unknown
2015
100
52
6
Tuttle Land Investments, LLC
Tuttle Land Investments
Unknown
2018
100
52
7
Tuscan Gardens Secured Income Fund LLC
Tuscan Gardens
Unknown
2015
100
49
8
MCI Income Fund VII, LLC
Megatel Capital Investment
Unknown
2015
100
45
9
Red Mountain Ventures Limited Partnership
Red Mountain Resort
Unknown
2017
100
45
10
Madre Tierra Mining Ltd.
Madre Tierra Mining Ltd.
Unknown
2021
100
41
11
Bridge Private Lending, LP
BridgeInvest
Unknown
2015
100
29
12
United Development Funding III, LP
United Development Funding
Unknown
2006
100
29
13
Energea Portfolio 3 Africa LLC
Energea Global LLC
Residential RE
2021
96
78
14
MC Debt Fund 1, LLC
MC Debt Fund Manager, LLC (PassiveInvesting.com)
Mortgage / Real Estate Debt
2018
95
61
15
Red Oak Capital Intermediate Income Fund, LLC
Red Oak Capital
Unknown
2015
94
51
16
Hall Structured Finance II, LLC
HALL Group
Unknown
2008
90
57
17
PARADYME FUND A II, LLC
Paradyme Asset Management, LLC
Commercial RE
2018
88
76
18
Groundfloor Loans 2 LLC
Groundfloor Finance
Unknown
2015
88
36
19
Paradyme Equities, LLC
Paradyme Asset Management, LLC
Residential RE
2019
84
61
20
Auor Capital Fund V LLC
Auor Capital
Unknown
2018
83
51
21
286 Lenox Partners LLC
Regal Capital Acquisitions
Unknown
2021
83
37
22
DF Growth REIT, LLC
DiversyFund
Residential RE
2014
82
63
23
CF FUND II, LLC
Conquest Funding
Unknown
2012
80
34
24
Landa App 3 LLC
Landa
Unknown
2022
78
27
25
Efund City Metro Income Fund LLC
Efund
Commercial RE
2015
75
73
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.
Most LP-favorable private funds (highest LP take)
Private funds where the LP captures the highest share of every gross-proceeds dollar in a standard 1.75x exit scenario.
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.