Rank
Sponsor
Funds
Scored
Avg Fee Drag
Latest
1
Paradyme Asset Management, LLC
2
2
86
2019
2
Energea Global LLC
3
2
80
2021
3
RealtyMogul
4
4
67
2021
4
Preferred Income Manager, LLC
2
2
64
2018
5
DiversyFund
3
2
47
2020
6
North Capital Private Securities Corp.
5
5
45
2019
7
SREIF Manager II, LLC
3
3
45
2018
8
Cardone Capital, LLC
5
4
42
2021
9
Phoenix American Hospitality, LLC
2
2
28
2018
10
Elevate.Money
2
2
17
2023
11
Arrived Fund Manager, LLC
5
5
13
2021
12
Fundrise Advisors, LLC
25
25
1
2022
13
MHP Portfolio, LLC and RV Horizons, Inc.
3
3
0
2015
14
MacKenzie Capital Management, LP
2
2
0
2021
15
North Capital, Inc.
2
2
0
2020
Other sponsor rankings
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 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.
Top real estate debt fund sponsors
Sponsors running the most private real-estate debt funds — senior origination, mezzanine, and bridge lending strategies.
Top multifamily / apartment fund sponsors
Sponsors most active in multifamily / apartment private funds — institutional and middle-market apartment GPs ranked by how many tracked funds they run in this asset class.
Top Senior Living & Healthcare RE fund sponsors
Sponsors most active in Senior Living & Healthcare RE private funds, ranked by tracked fund count in this asset class.
Top Hospitality / Hotels fund sponsors
Sponsors most active in Hospitality / Hotels private funds, ranked by tracked fund count in this asset class.
Top industrial / warehouse / logistics fund sponsors
Sponsors running the most industrial private funds — distribution, warehousing, last-mile logistics specialists.
Ranked by fund
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 lowest fee drag
Lightest fee load on LP returns. Lower fee drag = more of the fund's gross profit reaching the LP.
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.