Fund Platform

Twenty-three vehicles. Two vintages. One institutional platform.

The Trifecta fund complex is designed to give qualified purchasers direct ownership in trophy real estate operated at the highest hospitality standard — with a target of approximately $33.546 billion in committed capital across a twenty-three-vehicle platform spanning the 2026 and 2028 vintages.

$33.546B
Target platform capitalization — $19.733B in 2026 vintage and $13.813B in 2028 vintage.
$1M
Minimum LP commitment per fund. 20–30 LPs per vehicle.
EU
Whole-Fund Waterfall — Fund I and later
2%
GP Commitment — every fund
9%
Preferred Return — Fund I and later
20%
Carried Interest — Fund I and later
Alignment

Compensation follows performance.

Every fund in the platform is structured around a compounded preferred return under a European whole-fund waterfall. Our compensation is our conviction: a 2% GP commitment across every vehicle, and carried interest that vests only after LPs have received their capital and their preferred return in full.

The Fund Complex

Twenty-three funds. Two vintages. One shared standard.

Every Trifecta fund carries the same operating discipline, the same governance architecture, and the same reporting cadence. The 2026 vintage anchors the platform around trophy luxury short-term rental strategies. The 2028 vintage extends the platform across the full institutional risk spectrum — core, core-plus, value-add, growth, opportunistic, and special situations.

2026 Vintage · 11 Funds · $19.733B

Luxury short-term rental platform.

Fund I

Global Luxury Vacation Rental Estates

$6.026B
Coastal & Global
Fund II

Mountain, Ski & Outdoor Luxury Retreats

$1.950B
Mountain
Fund III

Urban Luxury Short-Term Rentals

$970M
Urban
Fund IV

Branded Residence Management Platform

$970M
Branded
Fund V

Corporate Executive Housing

$970M
Executive
Fund VI

Luxury Event Villas & Destination Venues

$970M
Events
Fund VII

STR Revenue Technology & Platform Investments

$970M
Platform Tech
Operations Fund I

Property Operations, Guest Experience & Human Capital

$983M
Evergreen · Ops
Operations Fund II

Technology & Channel Management Systems

$990M
Evergreen · Ops
Reserve Fund I

Property Improvement, Seasonal & Market Expansion

$2.463B
Evergreen · Reserve
Reserve Fund II

LP Liquidity & Co-Investment Reserve

$2.470B
Evergreen · Reserve
2028 Vintage · 12 Funds · $13.813B

Full institutional risk spectrum.

Core I

Trifecta Core I Fund

$1.347B
Core
Core II

Trifecta Core II Fund

$1.347B
Core
Core-Plus

Trifecta Core-Plus Fund

$898M
Core-Plus
Value-Add

Trifecta Value-Add Fund

$1.347B
Value-Add
Growth

Trifecta Growth Fund

$1.347B
Growth
Opportunistic I

Trifecta Opportunistic I Fund

$898M
Opportunistic
Opportunistic II

Trifecta Opportunistic II Fund

$898M
Opportunistic
Special Situations

Trifecta Special Situations Fund

$898M
Special Situations
Operations Fund III

Property Operations, Guest Experience & Human Capital

$688M
Evergreen · Ops
Operations Fund IV

Technology & Channel Management Systems

$693M
Evergreen · Ops
Reserve Fund III

Property Improvement, Seasonal & Market Expansion

$1.724B
Evergreen · Reserve
Reserve Fund IV

LP Liquidity & Co-Investment Reserve

$1.729B
Evergreen · Reserve
Fund I

Global Luxury Vacation Rental Estates.

The anchor coastal-and-global fund. Malibu, Nantucket, Amalfi, Costa Smeralda, Cap Ferrat, Turks and Caicos. Fund I also covers the platform’s brick-and-mortar buildings, hiring, administration, legal, due diligence, and platform-launch expenditures.

Target Size
$6.026 billion
Fund Life
8 years, plus two 1-year extensions
Preferred Return
9% per annum, compounded
Carried Interest
20%, European whole-fund waterfall
First Close Target
Q3 2026
Minimum Commitment
$1 million
Fund II

Mountain, Ski & Outdoor Luxury Retreats.

Trophy addresses across Aspen, Vail, Park City, Sun Valley, Whistler, and Jackson Hole — extended by a rising category of premium alpine glamping, treehouse, and dome experiences for the traveler who wants the mountain without the interruption.

  • Target Size$1.950 billion
  • Preferred Return9% p.a.
  • Carried Interest20% · EU waterfall
  • First CloseQ3 2026
  • Minimum$1 million
Fund III

Urban Luxury Short-Term Rentals.

Penthouses, brownstones, and boutique apartments across the gateway cities — New York, London, Paris, Milan, Tokyo, Hong Kong. Institutional inventory, hotel-grade delivery.

  • Target Size$970 million
  • Preferred Return9% p.a.
  • Carried Interest20% · EU waterfall
  • First CloseQ3 2026
  • Minimum$1 million
Fund IV

Branded Residence Management Platform.

Managed inventory at Four Seasons, Ritz-Carlton, Aman, and St. Regis private residences — where a hospitality brand’s existing standards meet Trifecta’s operating platform.

  • Target Size$970 million
  • Preferred Return9% p.a.
  • Carried Interest20% · EU waterfall
  • First CloseQ3 2026
  • Minimum$1 million
Fund V

Corporate Executive Housing.

Long-format stays — 30 days and beyond — for corporate relocations, executive assignments, and film productions in the markets where our other funds operate.

  • Target Size$970 million
  • Preferred Return9% p.a.
  • Carried Interest20% · EU waterfall
  • First CloseQ3 2026
  • Minimum$1 million
Fund VI

Luxury Event Villas & Destination Venues.

Estate-scale residences designed for weddings, private events, and corporate retreats — underwritten as venues, not vacation homes.

  • Target Size$970 million
  • Preferred Return9% p.a.
  • Carried Interest20% · EU waterfall
  • First CloseQ3 2026
  • Minimum$1 million
Fund VII

STR Revenue Technology & Platform Investments.

Growth equity into the software stack that powers modern short-term rental: revenue management, guest experience, operations, and identity. Includes both third-party investments and Trifecta’s own platform technology.

  • Target Size$970 million
  • Preferred Return9% p.a.
  • Carried Interest20% · EU waterfall
  • First CloseQ3 2026
  • Minimum$1 million

Fund materials on request.

Confidential private placement memoranda, LPA drafts, and DDQ responses are available to qualified purchasers on request. All conversations are held in confidence.