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News & Insights from IRC Partners
IRC Partners publishes institutional-grade research on capital stack structuring, GP/LP economics, debt and equity positioning, fund formation, and LP due diligence for real estate sponsors and growth-stage founders.
Each article is written to the standard institutional investors use to evaluate sponsors, not as general education.
April 15, 2026
What Is a Fund Terms Sheet and What Does It Include for a Real Estate Closed-End Fund?
The fund terms sheet is the upstream control document for your entire raise. Here's what every section must lock before counsel begins drafting.
April 14, 2026
What Goes Into a Private Placement Memorandum for a Real Estate Closed-End Fund?
A real estate fund PPM is not a longer pitch deck. Here's what every section must contain and what a weak one signals to institutional LP counsel.
April 14, 2026
How Do You Set Up a Real Estate Fund GP Entity Before Launching a $100M Raise?
Before your first LP conversation, you need a formed GP entity. The exact three-entity structure institutional sponsors use before a $100M raise.
April 14, 2026
What Does a Capital Advisor Charge to Help Structure and Raise a $100M Real Estate Fund?
A 2% success fee on a $100M raise equals $2M before a dollar is deployed. The headline fee is rarely the real cost. Here's what to model first.
April 14, 2026
How Do Real Estate Developers Hire Help to Launch Their First Institutional Fund?
Hiring outside advisors in the wrong order wastes budget and leaves diligence gaps. Here's the sequence first-time fund sponsors should follow.
April 12, 2026
What Fund Documents Do You Need to Raise $100M From Institutional Investors in Real Estate?
The credibility test isn't whether you have a PPM. It's whether every document in your stack tells the same story. Here's what institutional LPs need.
April 13, 2026
What Removal Rights Do Institutional LPs Typically Demand From a Real Estate GP?
Institutional LPs read the governance section first. Here's what GP removal rights they require and how to draft them without losing credibility.
April 13, 2026
What Is a Standard GP Promote Structure for a $100M Real Estate Closed-End Fund Targeting Institutional LPs?
Institutional LPs read your promote structure as a signal of judgment before diligence begins. Here's what the standard looks like in 2026.
April 13, 2026
What is the minimum track record needed to launch a $100M real estate fund?
Three completed projects may start the conversation with institutional LPs. They rarely close one. Here's what the track record bar looks like.
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You get one shot to raise the right way. If this raise is worth doing, it’s worth doing with precision, leverage, and control.
This isn’t a practice run. Serious capital. Serious strategy. Let’s raise it right.
We onboard a maximum of seven
new strategic partners each quarter, by application only, to maximize your chances of securing the capital you need.
