Reserve Fund II
LP Co-Investment and Redemption Reserve. Dedicated capital for LP co-invest opportunities and orderly redemption liquidity across the platform.
Investment focus
- Reserved capital to fund LP co-investment allocations at fund cost basis
- Orderly redemption liquidity for approved LP secondary transactions
- Bridge capital for capital-call smoothing across the platform
- Ring-fenced reserve, governed by the LP Advisory Committee
- Liquidity infrastructure for institutional LPs during market dislocations
Fund parameters
| Fund Name | MajorWave Reserve Fund II |
|---|---|
| Fund Size | $5,130,000,000 |
| Strategy | LP Co-Investment and Redemption Reserve. Dedicated capital for LP co-invest opportunities and orderly redemption liquidity across the platform. |
| 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 Reserve Fund II 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
Reserve Fund II is structured as a Delaware limited partnership with a fund-specific general partner entity (MajorWave GP Reserve Fund II LLC). Reserve capital is ring-fenced from investment-fund deployment and released only against pre-approved platform-level facility, capital-improvement, co-invest, or redemption triggers. PricewaterhouseCoopers LLP audits fund financial statements annually. The LP Advisory Committee is established at first close and reviews releases against the reserve policy.