Self-Storage Credit
Self-storage mortgage credit and specialty lending against the storage asset class.
Investment focus
- First-mortgage senior secured lending on stabilized self-storage
- Bridge, construction, and value-add debt against storage collateral
- Preferred equity and mezzanine tranches within storage capital stacks
- Special situations and distressed-debt purchases in the storage asset class
- Portfolio-level credit lines to independent operators and roll-up platforms
Fund parameters
| Fund Name | MajorWave Self-Storage Credit Fund |
|---|---|
| Fund Size | $4,790,000,000 |
| Strategy | Self-storage mortgage credit and specialty lending against the storage asset class. |
| 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 Self-Storage Credit 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 VI is structured as a Delaware limited partnership with a fund-specific general partner entity (MajorWave GP Self-Storage Credit 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.