North Creek Capital, LLC

North Creek Capital is a state‑registered investment adviser that primarily serves accredited, high‑net‑worth and institutional investors through a privately offered pooled vehicle (North Creek Capital Fund I, LLC) and also provides hourly financial consulting to wealthy individuals, family offices and institutions. As of December 31, 2024 the firm managed the Fund and provides investors with quarterly account statements, itemized fee invoices and audited financials in accordance with Washington state requirements.

Acting as the elected manager of the Fund, the firm provides discretionary portfolio management focused on real‑estate‑related credit strategies—including short‑term bridge financing, mezzanine debt, preferred equity, loan acquisitions and a limited allocation to other real‑estate‑related assets—and values investments at estimated fair value using appraisals, cash‑flow analyses and loan‑specific inputs. Fund interests are intended to be long‑term and illiquid and the manager retains substantial discretion over redemptions, valuation determinations and implementation of the Fund’s offering documents.

What distinguishes North Creek Capital from many solo independent advisers is that it operates as a private fund adviser and the primary client is a pooled investment vehicle, with compensation that includes performance‑based allocations and asset‑based transaction and servicing fees rather than traditional retail portfolio management. The firm is affiliated with a majority‑owner real‑estate brokerage, which may be engaged for property transactions and could earn commissions (the brochure discloses measures to mitigate that conflict), and the adviser’s small size concentrates key‑person and operational responsibilities in its manager.