Granite Peak Real Estate Fund III LP - Limited Partnership Agreement.pdf

Limited Partnership Agreement · filed June 22, 2020 · 125 pages · deal: Granite Peak Fund III
Page 1
Parties

Granite Peak Real Estate GP III LLC, an affiliate of Granite Peak Capital

Read for: Lead Investor / Sponsor
Page 9
Article II - Closings

2.3 The Final Closing occurred in Jul 2020; aggregate Commitments at that Closing totalled $640M

Read for: Round / Stage
Page 17
Article III - Capital contributions

3.2 The General Partner shall make a Capital Commitment equal to 2% of total Commitments

Read for: GP Ownership
Page 41
Article VIII - Distributions

8.1(b) to the Partners until they have received a preferred return of 8% per annum, compounded annually

Read for: Preferred Return

8.1(a)-(d): 8% pref, 50/50 catch-up, then 80/20; whole-fund waterfall

Read for: Pref / Split Note
Page 42
Article VIII - Distributions

8.1(d) thereafter, 80% to the Limited Partners and 20% to the General Partner

Read for: LP / GP Split
Page 94
Schedule A

Schedule A lists 87 Limited Partners; Granite Peak Real Estate GP III LLC is the General Partner

Read for: Partners
On file

Nothing is read from this document for the fields below: having it on file is the answer.

Answers: OA

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