Penzance Real Estate Fund III Overview
- Fund Strategy
-
Real Estate
- Fund Status
-
Closed
- Fund Manager
- Penzance Managem...
- Size
-
$500M
- Vintage
-
2024
- Dry Powder
-
Penzance Real Estate Fund III General Information
Description
Penzance Real Estate Fund III is a real estate value added fund managed by Penzance Management. The fund is located in Washington, District of Columbia.
Contact Information
Fund Manager's Location
- 2445 M Street, Northwest
- Suite 900
- Washington, DC 20037
- United States
Penzance Real Estate Fund III Investment Strategy
Investments by Industry
Investments by Deal Type
Penzance Real Estate Fund III Limited Partners (4)
Connecticut Department of Economic and Community Development is one of Penzance Real Estate Fund III’s 4 limited partners. Its latest Original was on 01-Jan-2025.
| Limited Partner Name | Type | Status | Commitment | Date | Commitment Type |
|---|---|---|---|---|---|
| Connecticut Department of Economic and Community Development | Current | 01-Jan-2025 | Original | ||
| Connecticut Retirement Plans and Trust Funds | Current | 01-Jan-2025 | Original | ||
| Massachusetts Pension Reserves Investment Trust | Current | 01-Jan-2025 | Original | ||
| University of Houston System Endowment | Endowment | Current | 01-Jan-2025 | Original |
Penzance Real Estate Fund III Returns Data
The below charts are illustrative of the type of graphical data available to our clients and do not represent live data.
IRR (%)
DPI (x)
RVPI (x)
TVPI (x)
Penzance Real Estate Fund III Returns History
| Period | Contribution (by all LPs) | Dry Powder | Distribution (to all LPs) | NAV | Total Fund Distr+NAV | IRR | DPI | RVPI | TVPI | Dry Powder % |
|---|
Penzance Real Estate Fund III Benchmark (427)
| Fund Name | Fund Type | Vintage | IRR | Quartile | As of Date |
|---|---|---|---|---|---|
| Bowline Capital Fund I | |||||
| Spring Creek Investors | |||||
| Chase Properties Retail Opportunities Fund IV | |||||
| Telephone TX Investors | |||||
| ECA Chateau | |||||
| Penzance Real Estate Fund III | 31-Dec-2025 | ||||
| Trans Pacific USA | |||||
| ECA Hattiesburg | |||||
| Black Swan Real Estate Secure Freedom Fund | |||||
| Newbrook Capital Harvest Glen Investors |
Penzance Real Estate Fund III FAQs
-
What is Penzance Real Estate Fund III?
Penzance Real Estate Fund III is a real estate value added fund managed by Penzance Management.
-
Who manages Penzance Real Estate Fund III?
Penzance Real Estate Fund III is managed by Penzance Management.
-
Where is Penzance Real Estate Fund III domiciled?
Penzance Real Estate Fund III is domiciled in United States: Delaware.
-
What is Penzance Real Estate Fund III's size?
Penzance Real Estate Fund III has a size of $500M.
-
What type of fund is Penzance Real Estate Fund III?
The fund type of Penzance Real Estate Fund III is Real Estate.
-
What is the status of Penzance Real Estate Fund III?
Penzance Real Estate Fund III is closed.
Data Transparency
-
Meet our data hygiene team
Discover how our experts ensure you’re getting the most accurate financial data in the industry.
Read more -
How PitchBook sources data
Our data operations team has logged over 3.5 million hours researching, organizing, and integrating the information you need most.
Discover our process
