Industrial-Adjacent Storage
Last-mile logistics and storage, small-bay industrial and flex, and records management and document storage.
Investment focus
- Last-mile logistics facilities serving e-commerce and 3PL distribution
- Small-bay industrial and flex space in infill logistics corridors
- Records management and document storage with long-duration contract tenancy
- Adjacent industrial formats that share storage operating economics
- Assets underwritten to both storage and light-industrial exit strategies
Fund parameters
| Fund Name | MajorWave Industrial-Adjacent Storage Fund |
|---|---|
| Fund Size | $5,990,000,000 |
| Strategy | Last-mile logistics and storage, small-bay industrial and flex, and records management and document 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 Industrial-Adjacent 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 III is structured as a Delaware limited partnership with a fund-specific general partner entity (MajorWave GP Industrial-Adjacent 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.