Townsend Holdings LLC

Townsend Holdings LLC, operating as Townsend Group, was founded in 1983 and specializes in global real estate and real asset investment advisory services. The firm provides custom investment solutions primarily focused on private markets to institutional investors worldwide. Townsend's assets under management total approximately $19.3 billion, with discretionary client assets at $16.5 billion and non-discretionary client assets at $2.8 billion. The firm's fee structure varies based on the scope of services provided and may include percentage-based fees, retainers, or performance-based fees. Townsend acts as a fiduciary for its clients and may compensate employees or affiliates for client referrals. The firm exercises investment discretion for its clients, making decisions based on analysis conducted by its investment professionals and approved by the Investment Committee. Townsend conducts periodic reviews of client accounts and provides performance reports. The firm may have custody of certain fund clients' assets and has the authority to vote on securities held by discretionary clients when necessary. Townsend Group aligns its voting decisions with the best interests of its clients. The firm has a Code of Ethics in place to ensure compliance with securities laws and manages conflicts of interest.