Help - looking for LP Databases for capital sourcing (Segmentation by Geography, Vintage/Strategy & Product Type)
Hey all,
I’m at a GP, and we are now diversifying our investment strategies and need to find new capital partners.
I’m having trouble sourcing a list of capital partners we can reach out to. For example, if I want to target LPs/family offices that invest in 70s and 80s multifamily (and have been recently active) in certain markets. I’m trying to find a database that can have this information.
I tried a filter of recent transactions and segmentation on CoStar. Problem is, what is listed as the buyer is often times the operator or a group that buys direct.
Curious if anyone has any tips? Of course, I can think of numerous names off the top of my head, but really using a shotgun approach here. Not sure if Preqin or any other databases would be easy to sort this through. Thanks!
Ah, the quest for the golden database to streamline your LP sourcing efforts! Based on the most helpful WSO content, finding the right LPs, especially those with specific interests like 70s and 80s multifamily properties, can indeed be a bit of a treasure hunt. Here are a few tips and resources that might help you in your quest:
Preqin: You've already mentioned Preqin, and for good reason. It's widely regarded as one of the most comprehensive databases for tracking investments and finding LPs. Preqin offers detailed segmentation by geography, strategy, and even product type, which could be beneficial for your needs. It's worth diving deeper into their platform to see if you can refine your searches to match your criteria more closely.
Crunchbase Pro: While more tech and startup-focused, Crunchbase Pro can be a useful tool for identifying active investors, including family offices that might have a broader investment mandate. Their filtering capabilities allow you to search for investors by industry, investment size, and geography.
PitchBook: Similar to Preqin, PitchBook provides detailed information on LPs, GPs, and the transactions between them. Their database includes a wealth of information on real estate investments and might offer the segmentation you're looking for.
Networking and Industry Events: Sometimes, the best database is your network. Attending industry events, conferences, and seminars related to real estate investment can help you meet potential LPs in person. These interactions can provide insights that databases cannot.
LinkedIn: Don't underestimate the power of LinkedIn for research and networking. Using LinkedIn's advanced search features, you can identify individuals and organizations involved in real estate investment, including those with a focus on specific eras of multifamily properties.
Custom Research Firms: If budget allows, consider hiring a research firm that specializes in the real estate investment sector. They can offer customized research and lists of potential LPs that meet your specific criteria.
Remember, while databases and tools can provide a starting point, the most successful capital sourcing often comes from a combination of data-driven insights and personal relationships. Keep your approach flexible and be ready to explore multiple avenues to find the right capital partners for your diversified investment strategies. Good luck!
Sources: Your best sourcing tips, Knowledge Sharing: Corporate Development / M&A, Best Resources For Raising Capital For Emerging RE Developers?, Q&A: Private Equity Fund of funds - GP Evaluation/ Due diligence, Girl Investment Bankers - Any tips?
We have pitchbook for this which is super expensive but the best for what you're asking for.
The janky and much cheaper version is PERE database.
Those are the only two I'm aware of
Thanks. Can you filter by geography for each of these? As an investing in particular MSAs? Because I really need to filter for multifamily in certain markets
Yes - reach out to them and ask for a demo they give you one for two days so you can play around and see if its worth the cost for you
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