DFX Intelligence
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Manager
P••• I••••••••• A•••••••• L•••••
What capital do they manage?
- Real estate GAV
- $368M GAV 2024sum of GAV over non-feeder, non-quarantined Real Estate Fund vehicles on the latest filing (a scale proxy, never fund size)
- Vehicles
- 3 current, 3 ever, 0 dropped0 feeders, 0 funds of funds
- First on the tape
- 2018the extract starts in 2011; an earlier history is not visible
- Latest filing
- May 6, 2024registered adviser
- Adviser RAUM
- $477Mthe whole adviser, all strategies; used for the quarantine test only
- Fund types on the latest filing
- Real Estate Fund 3
- Latest vintage
- 2023from 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, Student housing, Office, Mixed usebasis: stated
- Markets
- United Statesbasis: stated
- Business kind (site)
- REAL_ESTATE_MANAGER
- AUM in its own words
- ••• Lockedthe manager's statement, not a DFX figure
- Parent
- Conning Holdings Limited / Generali Investments Holding
In the manager’s own words
- Value add: “Pearlmark focuses on value-add real estate strategies across the U.S.”
- Debt: “Pearlmark is focused on middle-market commercial real estate investments in both equity and debt.”
- Core plus: “Pearlmark’s high-yield debt platform targets core+, value-add, and opportunistic investments across the United States.”
- Opportunistic: “Pearlmark’s high-yield debt platform targets core+, value-add, and opportunistic investments across the United States.”
- Multifamily: “Multifamily (including student housing) and industrial investments in compelling growth markets across the United States”
- Industrial: “Multifamily (including student housing) and industrial investments in compelling growth markets across the United States”
- Student housing: “Multifamily (including student housing) and industrial investments in compelling growth markets across the United States”
- Office: “Core+, value-add, and opportunistic debt investments in multifamily (including student housing/BTR), industrial, medical office, and mixed-use investments across the United States”
- Mixed use: “Core+, value-add, and opportunistic debt investments in multifamily (including student housing/BTR), industrial, medical office, and mixed-use investments across the United States”
- United States: “Pearlmark’s equity platform targets middle-market value-add investments in compelling growth markets across the United States.”
Vehicles
3 on Form ADV
| Vehicle | Kind | GAV | Owners | Reported | Vintage | Lifecycle | Lifecycle | Name says | LPs |
|---|---|---|---|---|---|---|---|---|---|
| P•••••••• M•••••••• R••••• P••••••• V• L••• 805-4771517911 | fund | $184M GAV 2024 | 110 | 2021 to 2024 | 2021 | Investing | Debt | ||
| P•••••••• E••••• P••••••• I•• L••• 805-7208442124 | fund | $178M GAV 2024 | 16 | 2023 to 2024 | 2023 | Deploying | |||
| P•••••••• M•••••••• R••••• P••••••• I•• L••• 805-8427461920 | fund | $7M GAV 2024 | 61 | 2018* to 2024 | unknown | Winding down | Debt |
What do they actually own?
1 trusted of 1 candidate bindings
| Owner entity | Vehicle | Properties held | Loans | Evidence |
|---|---|---|---|---|
| S•••••••• H•••••• L•• FL, multifamily 10+ units | manager only | 1 assessed $32.6M | Corporate filing sunbiz_officer_person_is_manager |
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?
0 allocators, 0 rows
No institutional LP disclosure resolved to this manager.
People
Form ADV Schedule A, latest filing
- S•••••• R••••• Q••••• Chief Executive Officer since 2014-10 also on vc
- D•••••• W••••••• L•••• Managing Principal since 2014-10 also on vc
- R••••• S•••••• P••••• Chief Compliance Officer since 2023-03 also on vc
- L•••••• E•••• B••••••• Chair Of The Board since 2023-03 also on pe, vc
- J••• W•• L•• Boardmember since 2023-03 also on pe, vc
What is changing?
- Vehicle first reported Apr 21, 2023 (observed) ••• Locked
- Vehicle first reported Mar 16, 2021 (observed) ••• Locked
- First ADV filing on the tape Apr 6, 2018 (observed) ••• Locked
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.