40%
Private Real Estate
Industrial logistics, data centers, and multi-family housing with durable occupancy drivers.
Alternative Strategy
Real Assets Portfolio.
Diversified exposure to tangible assets including real estate, infrastructure, and commodities for income and inflation awareness.
All Strategies Strategy Architecture
Tangible assets for a world of persistent inflation.
Real Assets Portfolio focuses on owning cash-flowing structures and essential resources that can benefit from long-term demand, replacement cost discipline, and pricing power.
7.2%
5-Year CAGR
0.95
Sharpe Ratio
$5M
Minimum
2010
Inception
Investment Discipline
The mandate, in plain terms.
In an era of fiat currency debasement and persistent inflationary pressures, tangible assets can offer a critical store of value and cash-flow diversification.
We target assets with high barriers to entry, inelastic demand, and pricing power, including logistics hubs, data centers, renewable infrastructure, and essential resources.
Sector Allocation
Essential assets with cash-flow discipline.
35%
Infrastructure
Renewable energy, utilities, grid assets, and telecom towers supporting essential systems.
25%
Commodities
Energy transition metals, agriculture, timber, and selected resource-linked exposures.
Inflation Sensitivity
Beta to CPI
Illustrative historical sensitivity to US CPI.
| Asset | Beta | Role | Observation |
|---|---|---|---|
| Real Assets Portfolio | 0.85 | Primary hedge | Historically stronger inflation linkage |
| S&P 500 | 0.35 | Growth exposure | Partial pass-through through earnings |
| US Treasuries | -0.20 | Duration exposure | Typically pressured by rising inflation |
Operating Standard
Long-duration assets, selected without fashion.
The program favors essential assets, practical income, and repeatable underwriting rather than thematic enthusiasm. Liquidity, valuation, and operating quality remain central.
- Asset-level underwriting focused on cash flow and replacement cost
- Inflation linkage reviewed alongside liquidity and valuation risk
- Quarterly pacing and redemption management for interval-fund exposure
IMPORTANT DISCLOSURES: Real asset investments involve specific risks including illiquidity, valuation difficulties, and sensitivity to economic factors. Real estate values can fluctuate due to market conditions, interest rates, and property-specific issues. Commodities may be volatile. This strategy is intended for long-term investors.