Value-Add (2028)
Repositioning, operational improvement, and moderate risk. Two Value-Add sub-funds target under-managed and mispriced storage assets with meaningful NOI upside.
Sub-funds within this strategy family
| Fund Name | Fund Size | Vintage |
|---|---|---|
| MajorWave Value-Add I Fund | $1,885,574,832 | 2028 |
| MajorWave Value-Add II Fund | $1,885,574,832 | 2028 |
Each sub-fund is a stand-alone Delaware limited partnership with its own general partner. Full economic terms are disclosed in each fund's Private Placement Memorandum, Limited Partnership Agreement, and Subscription Agreement. Contact Investor Relations for the current data-room.
Investment focus
- Repositioning of under-managed self-storage facilities
- Physical improvements, climate-conversion, and unit-mix reshaping
- Full deployment of MajorWave revenue-management platform
- Moderate-risk business plans with defined exit criteria
- Portfolio rollups where operational scale unlocks value
Standard terms across the family
| Sector Focus | Self-Storage Real Estate — Acquisition, Development & Aggregation |
|---|---|
| Net IRR Target | 14–18% net IRR |
| Vehicle Structure | Delaware Limited Partnership |
| Domicile | Wilmington, Delaware |
| Investment Manager | MajorWave Capital Management, LLC |
| Fund Term | 12–15 years (two 1-year extensions at GP discretion) |
| Investment Period | 5–6 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 |
| Key Person | Alexandra Pohl, Founder & CEO |
| 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) |
Institutional standards apply
Every sub-fund in this family is a Delaware limited partnership with its own fund-specific general partner entity. Every capital commitment requires unanimous Investment Committee approval. Deployment is monitored against each sub-fund's underwriting model on a monthly cadence. PricewaterhouseCoopers LLP audits sub-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 sub-fund's concentration, counterparty, leverage, or liquidity thresholds.