Specialty Storage
Boat and RV storage, luxury collectibles storage, student self-storage, and portable and mobile storage.
Investment focus
- Boat and RV storage facilities in high-utilization coastal and lake markets
- Luxury collectibles and vehicle storage with concierge and climate control
- Student self-storage in university-adjacent markets with academic-year cadence
- Portable and mobile storage fleets serving residential and commercial customers
- Specialty format assets with above-market RPSF and captive customer bases
Fund parameters
| Fund Name | MajorWave Specialty Storage Fund |
|---|---|
| Fund Size | $7,180,000,000 |
| Strategy | Boat and RV storage, luxury collectibles storage, student self-storage, and portable and mobile storage. |
| Sector Focus | Self-Storage Real Estate — Acquisition, Development & Aggregation |
| Net IRR Target | 14-18% net IRR |
| Vehicle Structure | Delaware Limited Partnership |
| Domicile | Wilmington, Delaware |
| General Partner | MajorWave GP Specialty Storage Fund LLC |
| Investment Manager | MajorWave Capital Management, LLC |
| Fund Term | 10 years (two 1-year extensions at GP discretion) |
| Investment Period | 5 years |
| Carried Interest | 20% above 8% preferred return (with 100% GP catch-up) |
| Preferred Return | 8% compounded annually |
| GP Commitment | 2% of total fund commitments |
| Minimum LP Commitment | $2,000,000 |
| Distribution Waterfall | European (whole-fund) waterfall |
| LP Advisory Committee | Yes — established at first close |
| Reporting | Quarterly financial statements; annual audited financials; annual meeting |
| Auditor | PricewaterhouseCoopers LLP |
| Legal Counsel | LePore Law Group |
| Fund Administrator | Independent Third-Party Administrator (to be appointed) |
Full economic terms, clawback mechanics, recycling provisions, leverage limits, and ESG integration are disclosed in the fund's Private Placement Memorandum, Limited Partnership Agreement, and Subscription Agreement. Contact Investor Relations for the current data-room.
Institutional standards apply
Fund II is structured as a Delaware limited partnership with a fund-specific general partner entity (MajorWave GP Specialty Storage Fund LLC). Every capital commitment requires unanimous Investment Committee approval. Deployment is monitored against the fund's underwriting model on a monthly cadence. PricewaterhouseCoopers LLP audits fund financial statements annually. The LP Advisory Committee is established at first close and reviews conflicts, valuation methodology, and material policy questions on an ongoing basis. The Chief Risk Officer holds veto rights on any commitment that would breach the fund's concentration, counterparty, leverage, or liquidity thresholds.