Rank
Sponsor
Funds
Scored
Latest
1
Cole Capital
2
0
2017
2
Ares
1
0
2023
3
BGO
1
0
2020
4
Black Creek Group
1
0
2009
5
Blackstone
1
0
2013
6
Industrial Logistics Properties Trust
1
0
2017
7
Industrial Logistics Realty Trust
1
0
2007
8
Inland Real Estate Group
1
0
2012
9
Logistics Income Trust
1
0
2017
10
Logistics Property Trust
1
0
2017
11
NOYACK Capital
1
0
2022
12
Plymouth Industrial
1
0
2016
13
Rexford Industrial Realty
1
0
2013
14
STAG Industrial
1
0
2011
15
The O'Donnell Group
1
0
2024
Other sponsor rankings
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.
Top real estate debt fund sponsors
Sponsors running the most private real-estate debt funds — senior origination, mezzanine, and bridge lending strategies.
Top multifamily / apartment fund sponsors
Sponsors most active in multifamily / apartment private funds — institutional and middle-market apartment GPs ranked by how many tracked funds they run in this asset class.
Top Senior Living & Healthcare RE fund sponsors
Sponsors most active in Senior Living & Healthcare RE private funds, ranked by tracked fund count in this asset class.
Top Hospitality / Hotels fund sponsors
Sponsors most active in Hospitality / Hotels private funds, ranked by tracked fund count in this asset class.
Ranked by fund
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 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.