Rank
Sponsor
Funds
Scored
Latest
1
Bluerock Residential Growth REIT
3
0
2023
2
Behringer Harvard
2
0
2003
3
Casoro Capital Partners
2
0
2022
4
Cottonwood Capital Advisors
2
1
2017
5
Steadfast
2
0
2021
6
Trilogy Capital
2
0
2018
7
3050 LSC Manager, LLC (same template as 412WLR)
1
1
2015
8
412WLR Manager, LLC
1
1
2018
9
Affordable Residential Communities
1
0
2020
10
Cardone Capital, LLC
1
1
2020
11
Century West Multifamily
1
0
2015
12
Cottonwood Real Estate Advisors
1
0
2016
13
Cottonwood Real Estate Investors
1
0
2017
14
DeRosa Group
1
1
2026
15
Elevate.Money
1
1
2022
16
Ellington Management Group
1
0
2013
17
ERC Communities
1
0
2018
18
Independence Realty Trust
1
0
2009
19
Inland Real Estate Group
1
0
2009
20
KBS
1
0
2013
21
KBS Real Estate Investment Trust
1
0
2012
22
LegacyHub Capital
1
0
2020
23
NexPoint
1
0
2021
24
Paladin Realty Partners
1
1
2004
25
Passco Companies
1
0
1994
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 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.
Top real estate debt fund sponsors
Sponsors running the most private real-estate debt funds — senior origination, mezzanine, and bridge lending strategies.
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.