Pare Partners LLC

PARE Partners LLC and PARE Partners II LLC, collectively known as PARE, are Delaware limited liability companies with assets under management exceeding $150 million. Founded by Juan Fernando Valdivieso and Josef Preschel, the firms offer discretionary investment advisory services to private pooled investment vehicles, co-investment vehicles, and potentially separately managed accounts. PARE primarily focuses on niche-oriented real estate asset classes, partnering with developers for housing complexes in the US and Latin America. The firms manage assets in accordance with each Fund's private placement memorandum and Governing Documents. Regulatory assets under management were approximately $210.1 million as of December 31, 2024. Fees for the Funds are detailed in the Governing Documents, covering organizational expenses, operational expenses, and management fees ranging from 1% to 2%. PARE and its affiliates are entitled to performance-based compensation, with clear disclosure provided to investors. The firms have policies in place to ensure fair allocation of investment opportunities among clients. PARE complies with the Advisers Act and maintains a Code of Ethics for Access Persons, addressing personal trading and potential conflicts of interest. The firms do not engage in brokerage practices, receive client referrals, or enter into solicitation agreements. PARE adheres to custody rules, providing audited financial statements to investors and conducting annual audits or surprise examinations. Clients do not have voting authority over their securities, and the firms have no financial conditions impairing their ability to manage client assets. No disciplinary events are known to affect the firms' integrity or advisory business.