Fund Management
Fund modeling, operations, and reporting so you can focus on deals - not day-to-day fund management.
3E provides comprehensive fund management services to real estate private equity sponsors. From day-one fund setup through ongoing operations, we handle fund modeling, capital call and distribution scheduling, waterfall calculations, and quarterly reporting. We work alongside your fund administrator, legal counsel, and auditors to keep the fund running smoothly so you can focus on sourcing deals and executing business plans. Our fund services fee is an expense billable to the fund, not borne solely by the GP.
Fund Setup & Start-Up
We assist in selecting a fund administrator, establishing controls, setting up bank accounts, and building a quarter-close process. We work with legal counsel on the LPA and PPM build-out, analyze the impact of side letter negotiations, and build out the waterfall and fund model to project cash needs and distributions to LPs.
Fund Modeling & Reporting
We run quarterly liquidation scenarios to determine where investors are in the waterfall based on the latest valuations. We update the fund model quarterly based on current business plans and provide financial data for DDQs. We forecast and propose distributions to partners.
Cash Management & Treasury
We provide weekly cash management schedules to help you understand current and forecasted cash positions. We perform the treasury function to ensure adequate cash is available via both capital calls and line of credit draws. We check capital requests from deals to make sure they align with business plan projections.
Ongoing Operations
We assist in the day-to-day operations of the fund, participate in the acquisition process and capital allocation decisions, and support lender term negotiations and reporting requirements. We work with the administrator to issue capital calls and distributions on schedule.
How it Works
Scoping Call
1
We assess your fund strategy, target returns, and operational needs to define the right level of engagement.
Hypothetical Fund Model
2
Before you go to market or engage legal counsel, we build a hypothetical fund model to stress-test your structure - fund size, fees, waterfall tiers, and projected returns to LPs. This gives you the data to make structural decisions before incurring legal costs.
Onboarding & Setup
3
Once the fund is in motion, we integrate with your fund admin, legal counsel, and auditors. We formalize the fund model, establish reporting cadence, and align on controls.
Embedded Execution
4
We operate as your fund finance team - running weekly cash schedules, quarterly reporting cycles, valuations, and waterfall calculations on a recurring basis.
Quarterly Deliverables & Advisory
5
You receive updated fund models, liquidation scenarios, investor-ready reporting packages, and distribution recommendations each quarter. As the fund evolves - acquisitions, dispositions, refinances - we update the model and advise on fund-level impact in real time
PROOF POINTS
$17 Billion
in Funds Advised
40+
Fund Engagements
100%
Of Fees Billed As Fund Expenses
14
Bps max IRR dilution from our fee
Ready to launch or streamline your fund?
Whether you’re raising your first fund or optimizing operations on an existing one - we’d like to hear about it.