Walton Street Capital, L.L.C.

Walton Street Capital advises pooled investment vehicles and other institutional accounts that invest primarily in real estate‑related equity and debt, serving pension plans, endowments, foreign institutions, corporations, foundations, trusts and high‑net‑worth investors through Delaware, Cayman, Luxembourg and similar fund structures. The firm is responsible for sourcing, acquiring, monitoring and disposing of Fund investments and also provides sub‑advisory, real estate consulting and operational services to funds and certain third‑party vehicles, including the use of parallel funds, feeder vehicles, sidecars and co‑investment structures.

Investment decisions are made by a centralized Investment Committee and tailored to each Fund’s Governing Agreement; Walton Street deploys joint ventures, third‑party managers, leverage and a mix of debt and equity strategies and documents allocation processes for opportunities that may be suitable for multiple funds. The firm routinely engages consultants and service providers for diligence and ongoing operations, and it discloses its use of placement agents, investor reporting and investor events as part of its investor‑relations and marketing activities.

Compared with many peer managers of pooled institutional real‑estate vehicles, Walton Street’s brochure highlights several uncommon features: it discloses the firm’s selection and use of other advisers (including unaffiliated Alternative Investment Fund Managers for regulated non‑U.S. vehicles and third‑party managers for joint investments) and it notes the firm’s use of marketing elements such as third‑party ratings, endorsements and testimonials alongside placement agents and sponsored events. The brochure also provides unusually detailed disclosure about expense allocation, reimbursable services and side‑letter practices that bear on how conflicts and preferential terms are managed across funds.