Chestnut Funds, LLC

Chestnut Funds, LLC is an investment adviser specializing in managing pooled investment vehicles, primarily in commercial real estate projects. Established in 2015 and based in Chattanooga, Tennessee, the firm serves as the adviser to various private funds, including Chestnut Real Estate Fund II, Chestnut Real Estate Fund III, and Chestnut Healthcare Fund I. The firm's investment strategy focuses on acquiring income-producing properties and developing projects in strategic locations to maximize current income and long-term value for investors. Chestnut Funds charges annual service fees ranging from 1.00% to 2.00% based on capital commitments or invested capital. Additionally, the firm may receive asset management fees and administrative fees from specific funds. The firm's affiliated companies also receive performance-based fees based on profits allocated to them. Chestnut Funds exercises investment discretion over fund portfolios, selecting real estate properties and investments on a privately negotiated basis. The firm follows a Code of Ethics to ensure fair and ethical business practices, including insider trading and personal securities transactions policies. Chestnut Funds does not compensate for client referrals and undergoes annual audits to comply with SEC custody rules. The firm provides periodic reports to investors, including audited financial statements and tax information. Overall, Chestnut Funds aims to provide tailored advisory services to private funds while maintaining transparency and integrity in its operations.