Rank
Fund
Sponsor
Asset class
Vintage
Fee Drag
Composite
1
Traction Capital Fund - Land Development LLC
Unique Ability Capital, LLC (Wesley Greene)
Land Development (residential + commercial)
2018
100
79
2
Energea Portfolio 3 Africa LLC
Energea Global LLC
Residential RE
2021
96
—
3
MC Debt Fund 1, LLC
MC Debt Fund Manager, LLC (PassiveInvesting.com)
Mortgage / Real Estate Debt
2018
95
58
4
DF Growth REIT, LLC
DiversyFund
Residential RE
2014
93
73
5
AccretivUSA, Inc.
AccretivUSA
Residential RE
2012
91
92
6
Energea Portfolio 5 LATAM LP
Energea Global LLC
Residential RE
2018
89
56
7
PARADYME FUND A II, LLC
Paradyme Asset Management, LLC
Commercial RE
2018
88
76
8
Cardone Equity Fund V, LLC
Cardone Capital, LLC
Residential RE
2021
85
47
9
Paradyme Equities, LLC
Paradyme Asset Management, LLC
Residential RE
2019
84
66
10
Capview Residential Income Fund VII, LP
Capview Partners
Residential RE
2019
84
53
11
Park View OZ REIT Inc (PVOZ)
Park View Investments
Residential RE
2021
76
—
12
Secured Real Estate Income Strategies, LLC
SREIF Manager II, LLC
Residential RE
2018
76
57
13
Medalist Diversified REIT, Inc. (MDRR, MDRRP)
Medalist Diversified
Residential RE
2011
76
48
14
Central Park Fund I, LLC
North Capital Private Securities Corp.
Residential RE
2012
75
54
15
Efund City Metro Income Fund LLC
Efund
Commercial RE
2015
75
76
16
111 Crowdfunding LLC
Diamond Sky Capital, LLC
Residential RE
2016
75
71
17
BridgeWell Secured Income LP
BridgeWell Capital
Residential RE
2017
75
71
18
School of Whales Commecial Real Estate Equity Fund, LLC
SOW Management LLC
Residential RE
2018
75
67
19
DLP Positive Fixed Returns Fund LLC
DLP Capital
Residential RE
2018
75
—
20
DLP Positive Note Fund LLC
DLP Capital
Residential RE
2012
75
—
21
QuantmRE HEI Holdings 1, LLC
QuantmRE
Commercial RE
2018
75
—
22
RealtyMogul Income REIT, LLC
RealtyMogul
Residential RE
2015
72
59
23
Hamilton National Income Trust, Inc.
Lightstone Group
Residential RE
2001
72
—
24
ETX Park Fund #2, LLC
ETX Management
Residential RE
2018
70
70
25
MogulREIT II, Inc.
RealtyMogul
Residential RE
2015
70
58
Other rankings
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 strongest GP-LP alignment
GPs with skin in the game — meaningful capital commitment, clawback provisions, promote-heavy compensation. Ranked by Waterfalls alignment dimension.
Top real estate debt funds
Highest-scoring private real-estate debt and mortgage funds. Senior debt origination, mezzanine, and bridge lending strategies.
Top multifamily / apartment private funds
Highest-scoring multifamily private funds — institutional and middle-market apartment plays — by Waterfalls composite LP-favorability score.
Ranked by manager
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.