FOR INVESTORS
Built for selective allocators.
Fund I is open to accredited investors including family offices, high-net-worth individuals, and institutional allocators. The fund targets investors who value operator alignment, portfolio diversification, and LP-first economics over deal-by-deal syndication.
For accredited investors only · Private placement · Not an offer to sell securities
ELIGIBILITY
Accredited investors only.
Fund I is offered exclusively under Reg D 506(c). Participation is limited to verified accredited investors as defined under SEC Rule 501. All investors are subject to accreditation verification prior to subscription.
Individual Investors
Income or Net Worth Test
- Annual income $200K+ (individual) or $300K+ (joint) for past 2 years
- Net worth $1M+ excluding primary residence
- SEC-licensed investment professionals (Series 7, 65, or 82)
Institutional Investors
Entity Qualification
- Entities with $5M+ in assets (trusts, LLCs, partnerships)
- Family offices with $5M+ AUM
- Registered investment advisers and broker-dealers
Fund I Minimums
Investment Parameters
- Minimum commitment: $500,000
- Target fund size: $100,000,000
- Fund term: 7 years + two 1-year extensions
- Offering type: Reg D 506(c) Private Placement
INVESTOR BENEFITS
What Fund I investors receive.
LP-First Economics
8% cumulative preferred return. European waterfall — full capital return before GP participates. Single promote at fund level only.
Quarterly Reporting
Institutional-grade quarterly reports covering portfolio performance, capital deployed, liquidity positions, and deal-level updates.
LP Advisory Committee
Qualified LPs are invited to join the LP Advisory Committee — providing oversight on fund governance and major decisions.
Co-Investment Access
Select LPs may access co-investment opportunities in specific deals above the fund's target allocation, at the same economics.
Diversified Portfolio
10–15 investments across hospitality, multifamily, and mixed-use development in Southeast and West Coast markets.
Vertically Integrated Ops
Blackline controls development, construction, and operations through Bellamare — eliminating third-party execution risk.
INVESTMENT PROCESS
From inquiry to commitment.
Initial Inquiry
Submit an inquiry via email or the contact form. The investment team will respond within one business day to confirm eligibility and schedule a call.
Introductory Call
A 30–45 minute call covering fund strategy, structure, pipeline, and fit. Questions about the team, thesis, and underwriting are welcome.
Data Room Access
Qualified investors receive access to the full PPM, financial model, deal-level underwriting, and due diligence materials via the investor portal.
Subscription & Onboarding
Standard accredited investor verification, subscription agreement execution, and capital call coordination. Minimum commitment: $500,000.
DATA ROOM
Full diligence materials for qualified investors.
The Fund I data room includes the full Private Placement Memorandum, financial model and return projections, deal-level underwriting on pipeline assets, legal documents, and team background materials. Access is granted following accreditation verification and an introductory call.
Private Placement Memorandum (PPM)
Fund Financial Model & Return Projections
Deal-Level Underwriting & Pipeline Details
Subscription Documents & Legal Agreements
CONTACT
Begin a conversation.
Reach the investor relations team directly. Inquiries from qualified investors are typically responded to within one business day.
Investor Relations
[NAME]@blackline-cap.comWebsite
www.blackline-cap.com
This is not an offer to sell securities. Fund I is offered only through the official Private Placement Memorandum to verified accredited investors.