DFX Intelligence
Real Estate Fund Intelligence
The manager graph behind U.S. private real estate capital. Which vehicles a manager swears to, what each reports year by year, what the manager says it does, and, where the evidence holds, which owner entities, properties, loans, lenders and pensions stand behind it. GAV is gross asset value on a filing date, never fund size, and every manager-to-property link carries its evidence class.
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Manager
H•••••• F••• A•••••••• I•••
What capital do they manage?
- Real estate GAV
- $2.0B GAV 2024sum of GAV over non-feeder, non-quarantined Real Estate Fund vehicles on the latest filing (a scale proxy, never fund size)
- Vehicles
- 15 current, 31 ever, 15 dropped3 feeders, 0 funds of funds
- First on the tape
- 2012the extract starts in 2011; an earlier history is not visible
- Latest filing
- Mar 29, 2024registered adviser
- Adviser RAUM
- $8.1Bthe whole adviser, all strategies; used for the quarantine test only
- Fund types on the latest filing
- Hedge Fund 9, Real Estate Fund 15, Other Private Fund 1, Private Equity Fund 10, Venture Capital Fund 4
- Latest vintage
- 2024from a fund name year or the first ADV report after the adviser's first filing
What do they say they do?
stated by the manager
- Strategy
- Value add
- Operator model
- Fund managerbasis: stated
- Property types
- Multifamily, Industrial, Retail, Senior housing, Landbasis: stated
- Markets
- Western Europe, North America, Primary and Secondary US Markets, Gateway and Primary US Markets, Mid-Atlantic, Southeast, Southwest, Sunbelt and select other markets, US, Mid-Atlantic, Southeast, Southwest, Midwestbasis: stated
- Business kind (site)
- REAL_ESTATE_MANAGER
- AUM in its own words
- $8B+ In Managed Assetsthe manager's statement, not a DFX figure
In the manager’s own words
- Value add: “Strategy: Value Add”
- Core plus: “Strategy: Value Add and Core Plus”
- Development: “Strategy: Development”
- Debt: “Strategy : Middle Market Private Structured Credit”
- Multifamily: “Sector Focus: Multifamily, Industrial and Retail”
- Industrial: “Sector Focus: Multifamily, Industrial and Retail”
- Retail: “Sector Focus: Multifamily, Industrial and Retail”
- Senior housing: “Sector Focus: Independent living, Assisted Living and Memory Care”
- Land: “Sector Focus: Residential and Living, Industrial and Logistics, and Powered Land”
- Western Europe: “Geographic Focus: Western Europe”
- North America: “Geographic Focus: North America”
- Primary and Secondary US Markets: “Geographic Focus: Primary and Secondary US Markets”
- Gateway and Primary US Markets: “Geographic Focus: Gateway and Primary US Markets”
- Mid-Atlantic, Southeast, Southwest, Sunbelt and select other markets: “Geographic Focus: Mid-Atlantic, Southeast, Southwest, Sunbelt and select other markets”
- US: “Geographic Focus : US”
- Mid-Atlantic, Southeast, Southwest, Midwest: “Geographic Focus : Mid-Atlantic, Southeast, Southwest, Midwest”
Vehicles
31 on Form ADV
| Vehicle | Kind | GAV | Owners | Reported | Vintage | Lifecycle | Lifecycle | Name says | LPs |
|---|---|---|---|---|---|---|---|---|---|
| H•••••• E••••••• R••• E••••• F••• V• L••• 805-2441830914 | master | $634M GAV 2024 | 107 | 2018 to 2024 | 2018 | Harvesting | |||
| H•••••• U••••• S••••• R••• E••••• F••• V••• L••• 805-2529756806 | master | $424M GAV 2024 | 175 | 2020 to 2024 | 2020 | Investing | |||
| H•••••• S•••••• H•••••• F••• I•• L• 805-3118574443 | fund | $218M GAV 2024 | 306 | 2019 to 2024 | 2019 | Deploying | |||
| H•••••• U••••• S••••• R••• E••••• F••• V•• L• 805-4876733099 | master | $196M GAV 2024 | 152 | 2017 to 2024 | 2017 | Harvesting | |||
| H•••••• P••••••• C••••••••• L• 805-5472803611 | co-investment | $118M GAV 2024 | 28 | 2022 to 2024 | 2022 | Investing | |||
| H•••••• S•••••• H•••••• F••• I• L• 805-8696134439 | fund | $101M GAV 2024 | 200 | 2016 to 2024 | 2016 | Harvesting | |||
| H••••• V•• R•• C••••••••• L• 805-5854238414 | co-investment | $63M GAV 2024 | 6 | 2021 to 2024 | 2021 | Investing | |||
| H•••••• U••••• S••••• R••• E••••• F••• V•••• L• 805-6653216295 | master | $53M GAV 2024 | 129 | 2024 to 2024 | 2024 | Unknown | |||
| H••••• V•• P••••••• F••• 805-8399278102 | feeder | $51M GAV 2024 | 1 | 2023 to 2024 | 2023 | Investing | |||
| H•••••• E••••••• R••• E••••• F••• V•• L••• 805-8721267029 | master | $40M GAV 2024 | 41 | 2023 to 2024 | 2023 | Investing | |||
| H•• I• P••••••• F••• 805-5062115585 | feeder | $32M GAV 2024 | 9 | 2023 to 2024 | 2023 | Deploying | |||
| H•••••• C• A•••••• I•••••••• L• 805-9613174061 | fund | $32M GAV 2024 | 31 | 2020 to 2024 | 2020 | Investing | |||
| H•• I• P••••••• F••• I• 805-3756810594 | feeder | $24M GAV 2024 | 2 | 2024 to 2024 | 2024 | Unknown | |||
| H•••••• E••••••• R••• E••••• F••• I•• L• 805-8349284726 | master | $22M GAV 2024 | 75 | 2016 to 2024 | 2016 | Winding down | |||
| H•••••• U••••• S••••• R••• E••••• F••• V• L• 805-5408580463 | master | $7M GAV 2024 | 101 | 2013 to 2024 | 2013 | Winding down |
16 dropped, re-typed or historical vehicles
| Vehicle | Kind | GAV | Owners | Reported | Vintage | Lifecycle | Lifecycle | Name says | LPs |
|---|---|---|---|---|---|---|---|---|---|
| H•••••• S•••••• H•••••• F••• I•• L•• 805-3976115538, dropped 2021 | master | $349M GAV 2020 | 254 | 2020 to 2020 | 2020 | Dropped from ADV | |||
| H•••• V• M••••• C••••••••• L• 805-5389610571, dropped 2024 | co-investment | $218M GAV 2023 | 4 | 2022 to 2023 | 2022 | Dropped from ADV | |||
| H••• C••••••••• F••• I• L• 805-6707010388, dropped 2020 | master | $172M GAV 2019 | 2 | 2013 to 2019 | 2013 | Dropped from ADV | |||
| H•••••• E••••••• R••• E••••• • L• C••••••••• F••• I• L• 805-7416014408, dropped 2022 | co-investment | $41M GAV 2021 | 3 | 2013 to 2021 | 2013 | Dropped from ADV | |||
| H•••• I•• O••• I• L• 805-1235506217, dropped 2020 | fund | $41M GAV 2019 | 2 | 2013 to 2019 | 2013 | Dropped from ADV | |||
| H•••••• E••••••• R••• E••••• F••• I••• L• 805-5887256899, dropped 2023 | master | $27M GAV 2022 | 55 | 2012* to 2022 | unknown | Dropped from ADV | |||
| H•••••• E••••••• R••• E••••• F••• B• 805-6902044134 | fund | $26M GAV 2012 | 9 | 2012* to 2012 | unknown | Unknown | |||
| H••••••••• C••••••••• I• L• 805-8847114662, dropped 2020 | co-investment | $24M GAV 2019 | 1 | 2017 to 2019 | 2017 | Dropped from ADV | |||
| H•••••••• C••••••••• L• 805-8593951388, dropped 2020 | co-investment | $15M GAV 2019 | 1 | 2017 to 2019 | 2017 | Dropped from ADV | |||
| H•••••• U••••• S••••• R••• E••••• F••• I•• L• 805-1886394561, dropped 2021 | fund | $14M GAV 2020 | 62 | 2012* to 2020 | unknown | Dropped from ADV | |||
| H••••••••• C••••••••• I•• L• 805-8683281157, dropped 2020 | co-investment | $8M GAV 2019 | 2 | 2018 to 2019 | 2018 | Dropped from ADV | |||
| H••••••••• C••••••••• I•• L• 805-5121819046, dropped 2020 | co-investment | $6M GAV 2019 | 2 | 2017 to 2019 | 2017 | Dropped from ADV | |||
| H•••••• R••• E••••• F••• I••• L•• 805-4735019340, dropped 2022 | fund | $2M GAV 2021 | 102 | 2012* to 2021 | unknown | Dropped from ADV | |||
| H•••••• E••••••• R••• E••••• • L• C••••••••• F••• I• L• 805-5103398169, dropped 2020 | co-investment | $2M GAV 2019 | 2 | 2013 to 2019 | 2013 | Dropped from ADV | |||
| H•••••• E••••••• R••• E••••• F••• I•• L• 805-1124524009, dropped 2021 | master | $354,809 GAV 2020 | 45 | 2012* to 2020 | unknown | Dropped from ADV | |||
| H•••••• E••••••• R••• E••••• F••• I• ••••••••• L• 805-8852405515, dropped 2021 | master | $304,967 GAV 2020 | 17 | 2013 to 2020 | 2013 | Dropped from ADV |
What do they actually own?
0 trusted of 2 candidate bindings
No validated holdings yet. Candidate bindings stay off this page until their rule passes the blind-label gate.
What are they buying, selling and financing?
0 acquisitions, 0 sales, 0 financings in 12 months
No attributed events yet. An event reaches this page only through a validated holding binding.
Who finances them?
0 loans, 0 lender groups
No recorded loans through trusted holdings.
Who backs them?
2 allocators, 3 rows
- T••••• a•• D•••••• L••••• F••••••••• in H•••••• U••••• S•••• R••• E••••• F••• V••• L• manager_brand$1.8M fair value, as of Dec 31, 2024 apps.irs.gov
- W•••••• F••••••••• in H•••••• E••••••• R••• E••••• F••• V• ••••••••• L• manager_brand$1.7M fair value, as of Dec 31, 2024 apps.irs.gov
- T••••• a•• D•••••• L••••• F••••••••• in H•••••• U••••• S•••• R••• E••••• F••• V•• L• manager_brand$2.5M fair value, as of Dec 31, 2024 apps.irs.gov
People
Form ADV Schedule A, latest filing
- R•••••• J•••• H•••••• Shareholder since 1993-11 also on pe, vc
- M•••••• C••••• B••••• Vice President & Chief Compliance Officer since 2006-07 also on pe, vc
- J••• W•••••• M••••••••• Executive Vice President, General Counsel & Secretary since 2009-03 also on pe, vc
- J••• M•••••• H•••••• Shareholder since 2018-06 also on pe, vc
- M••• K•••••• B••••• Shareholder since 2018-06 also on pe, vc
- J••• F•••••••• B••••• Executive Vice President & Senior Managing Director, Absolute Return Strategies since 2018-12 also on pe, vc
- R•••••• J•••• H•••••• Executive Vice President & Chief Financial Officer since 2021-01 also on pe, vc
- J•••• T••••• P•••••••• President & Chief Operating Officer since 2021-01 also on pe, vc
- L•• W••••• P•••••• Global Head Of Capital Markets since 2022-03 also on pe, vc
What is changing?
- Vehicle first reported Mar 29, 2024 (observed) H•••••• U••••• S••••• R••• E••••• F••• V•••• L• first reported on Form ADV by H•••••• F••• A•••••••• I•••, GAV $53,267,663
- Vehicle first reported Mar 29, 2024 (observed) H•• I• P••••••• F••• I• first reported on Form ADV by H•••••• F••• A•••••••• I•••, GAV $24,272,188
- Vehicle dropped from ADV Mar 29, 2024 (observed) H•••• V• M••••• C••••••••• L• no longer reported on Form ADV by H•••••• F••• A•••••••• I•••
- Vehicle dropped from ADV Mar 30, 2023 (observed) H•••••• E••••••• R••• E••••• F••• I••• L• no longer reported on Form ADV by H•••••• F••• A•••••••• I•••
- Vehicle first reported Mar 30, 2023 (observed) H•• I• P••••••• F••• first reported on Form ADV by H•••••• F••• A•••••••• I•••, GAV $24,272,188
- Vehicle first reported Mar 30, 2023 (observed) H••••• V•• P••••••• F••• first reported on Form ADV by H•••••• F••• A•••••••• I•••, GAV $54,130,120
- Vehicle first reported Mar 30, 2023 (observed) H•••••• E••••••• R••• E••••• F••• V•• L••• first reported on Form ADV by H•••••• F••• A•••••••• I•••, GAV $115,047,857
- Vehicle dropped from ADV Mar 28, 2022 (observed) H•••••• E••••••• R••• E••••• • L• C••••••••• F••• I• L• no longer reported on Form ADV by H•••••• F••• A•••••••• I•••
- Vehicle dropped from ADV Mar 28, 2022 (observed) H•••••• R••• E••••• F••• I••• L•• no longer reported on Form ADV by H•••••• F••• A•••••••• I•••
- Vehicle first reported Mar 28, 2022 (observed) H•••••• P••••••• C••••••••• L• first reported on Form ADV by H•••••• F••• A•••••••• I•••, GAV $84,665,898
- Vehicle first reported Mar 28, 2022 (observed) H•••• V• M••••• C••••••••• L• first reported on Form ADV by H•••••• F••• A•••••••• I•••, GAV $247,852,571
- Vehicle dropped from ADV Mar 31, 2021 (observed) H•••••• E••••••• R••• E••••• F••• I• ••••••••• L• no longer reported on Form ADV by H•••••• F••• A•••••••• I•••
- Vehicle dropped from ADV Mar 31, 2021 (observed) H•••••• U••••• S••••• R••• E••••• F••• I•• L• no longer reported on Form ADV by H•••••• F••• A•••••••• I•••
- Vehicle first reported Mar 31, 2021 (observed) H••••• V•• R•• C••••••••• L• first reported on Form ADV by H•••••• F••• A•••••••• I•••, GAV $60,034,570
- Vehicle dropped from ADV Mar 31, 2021 (observed) H•••••• E••••••• R••• E••••• F••• I•• L• no longer reported on Form ADV by H•••••• F••• A•••••••• I•••
- Vehicle dropped from ADV Mar 31, 2021 (observed) H•••••• S•••••• H•••••• F••• I•• L•• no longer reported on Form ADV by H•••••• F••• A•••••••• I•••
- Vehicle first reported Mar 26, 2020 (observed) H•••••• C• A•••••• I•••••••• L• first reported on Form ADV by H•••••• F••• A•••••••• I•••, GAV $20,685,132
- Vehicle dropped from ADV Mar 26, 2020 (observed) H••• C••••••••• F••• I• L• no longer reported on Form ADV by H•••••• F••• A•••••••• I•••
- Vehicle dropped from ADV Mar 26, 2020 (observed) H•••••• E••••••• R••• E••••• • L• C••••••••• F••• I• L• no longer reported on Form ADV by H•••••• F••• A•••••••• I•••
- Vehicle dropped from ADV Mar 26, 2020 (observed) H•••• I•• O••• I• L• no longer reported on Form ADV by H•••••• F••• A•••••••• I•••
- Vehicle dropped from ADV Mar 26, 2020 (observed) H••••••••• C••••••••• I•• L• no longer reported on Form ADV by H•••••• F••• A•••••••• I•••
- Vehicle dropped from ADV Mar 26, 2020 (observed) H•••••••• C••••••••• L• no longer reported on Form ADV by H•••••• F••• A•••••••• I•••
- Vehicle dropped from ADV Mar 26, 2020 (observed) H••••••••• C••••••••• I• L• no longer reported on Form ADV by H•••••• F••• A•••••••• I•••
- Vehicle dropped from ADV Mar 26, 2020 (observed) H••••••••• C••••••••• I•• L• no longer reported on Form ADV by H•••••• F••• A•••••••• I•••
- Vehicle first reported Mar 26, 2020 (observed) H•••••• U••••• S••••• R••• E••••• F••• V••• L••• first reported on Form ADV by H•••••• F••• A•••••••• I•••, GAV $270,144,488
- Vehicle first reported Mar 26, 2020 (observed) H•••••• S•••••• H•••••• F••• I•• L•• first reported on Form ADV by H•••••• F••• A•••••••• I•••, GAV $349,063,558
- Vehicle first reported Mar 28, 2019 (observed) H•••••• S•••••• H•••••• F••• I•• L• first reported on Form ADV by H•••••• F••• A•••••••• I•••, GAV $314,901
- Vehicle first reported Mar 29, 2018 (observed) H•••••• E••••••• R••• E••••• F••• V• L••• first reported on Form ADV by H•••••• F••• A•••••••• I•••
- Vehicle first reported Mar 29, 2018 (observed) H••••••••• C••••••••• I•• L• first reported on Form ADV by H•••••• F••• A•••••••• I•••, GAV $4,631,306
- Vehicle first reported Mar 29, 2017 (observed) H••••••••• C••••••••• I•• L• first reported on Form ADV by H•••••• F••• A•••••••• I•••, GAV $4,347,092
Across DFX
Bridged by shared CRD, CIK or SEC fund id only; the same institution’s PE portfolio companies and its real estate holdings stay on their own graphs.