Alcion Ventures, L.p.

Alcion Ventures, Limited Partnership is a privately held real estate investment management firm established in December 2004. The firm primarily offers investment advisory services to pooled investment vehicles and institutional clients, focusing on various real estate investments in the United States and parts of Canada. The firm's portfolio includes office, residential, retail, industrial, land, hotel, and debt investments. The Principals of the firm are Martin Zieff, Mark Potter, and Eugene DelFavero. Alcion tailors its services to meet the specific needs of each client, with assets under management totaling approximately $246,497,050 on a discretionary basis and $5,852,656 on a non-discretionary basis as of December 31, 2024. Regarding fees, Alcion charges management fees ranging from 1% to 1.5% for its services to the Funds, while co-investment vehicles and institutional clients are charged an annual compensation of generally 0.75% of the capital committed. The firm also receives Carried Interest as incentive compensation. Alcion's compensation is deducted from the assets of each Fund, with fees paid quarterly or invoiced to clients. The firm discloses potential risks associated with real estate investments, including market conditions, interest rate risk, liquidity risk, and tax considerations. Alcion has established a Code of Ethics to ensure integrity, honesty, and compliance with federal securities laws among its personnel. The firm also provides details on its brokerage practices, account monitoring, custody procedures, and investment discretion.