Belay Investment Group, LLC

Belay Investment Group, LLC is an SEC-registered investment adviser established in 2014, specializing in small to middle market real estate opportunities. The firm, majority women-owned, is managed by Eliza Bailey and Amy Ko, with over 25 years of experience each. Belay focuses on programmatic partnerships with local operating partners, offering scalability and customization across various risk profiles and geographies. The firm manages discretionary assets totaling $360,470,000 as of December 31, 2024. Clients are charged quarterly asset management fees and profit participation based on returns. Belay's investment strategy involves a thesis-driven approach, partnering with high-caliber local operators for real estate investments. The firm emphasizes risk factors associated with private equity real estate ventures and does not guarantee future performance. Belay has no disciplinary history and provides advisory services to limited partnerships subject to annual audits. The firm exercises investment discretion over client assets and does not engage in stock investments or proxy voting. Eliza Bailey and Amy Ko, the co-founders, hold key roles within the firm and have no disciplinary disclosures or additional compensation arrangements. They oversee compliance responsibilities internally.