U.S. Real Estate Credit Minimaster Fund III, LP
Real Estate FundFund ID 805-1656182993Cayman Islands
Gross assets
$104.1M
Min. investment
$5M
Beneficial owners
18
Size rank
Top 43%
Audited
Yes
Structure
Master
About this fund
U.S. Real Estate Credit Minimaster Fund III, LP is a real estate fund managed by Calmwater Asset Management, LLC. The fund reports $104.1 million in gross assets, placing it among the top 43% of private funds by size. The stated minimum investment is $5 million. Its financial statements are audited annually. Private funds are not required to publicly disclose returns; Form ADV reports assets, structure, and service providers, shown above.
Fund details
| Fund ID | 805-1656182993 |
| Fund type | Real Estate Fund |
| 3(c)(1) exclusion | No |
| 3(c)(7) exclusion | Yes |
| Master fund | Yes |
| Feeder fund | Yes |
| Fund of funds | No |
| Relies on exemption from registration | Yes |
| Annual audit | Yes |
| Prepared per GAAP | Yes |
| Sub-advised | No |
| % of assets independently valued | 22% |
Other funds from this manager
| Fund | Type | Gross assets |
|---|---|---|
| Calmwater Real Estate Credit Fund IV, LP | Real Estate | $497.1M |
| U.S. Real Estate Credit Fund III, LP | Real Estate | $106.4M |
| Calmwater Real Estate Credit Fund IV (pf), LP | Real Estate | $58.3M |
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Join to unlock · $37/moFrequently asked questions
How large is U.S. Real Estate Credit Minimaster Fund III, LP?
U.S. Real Estate Credit Minimaster Fund III, LP reports $104.1 million in gross assets, among the top 43% of private funds by size.
What is the minimum investment for U.S. Real Estate Credit Minimaster Fund III, LP?
The stated minimum investment is $5 million.
Who manages U.S. Real Estate Credit Minimaster Fund III, LP?
U.S. Real Estate Credit Minimaster Fund III, LP is managed by Calmwater Asset Management, LLC.
Does U.S. Real Estate Credit Minimaster Fund III, LP disclose returns?
No. Private funds are not required to publicly disclose performance. Form ADV reports assets, structure, and service providers.
Manager
C
El Segundo, CA
Service providers
Reported gross assets
$104.1M▼ 15%
Mar '25Form ADV, monthlyJun '26
How this fund compares
Gross assetsTop 43%
Larger than 57% of 67,041 private funds
Gross assets vs Real Estate FundsTop 32%
Larger than 68% of 5,814 real estate funds
Minimum investmentTop 17%
Higher than 83% of funds reporting a minimum
Investor base
Adviser & related persons1%
Funds of funds%
Non-U.S. persons38%
Share of the fund's beneficial ownership reported on Form ADV. Categories can overlap.