Overview of Viking Partners
Viking Partners Advisors, LLC (“Viking Partners” or the “Firm”) provides investment
advisory services to the following private funds (each a “Fund” and collectively the
“Funds”): Viking Partners Fund IV, LLC; Viking Partners Fund IV-Q, LLC; Viking
Partners Fund V, LLC; Viking Partners Fund V-Q, LLC; Viking Partners Income Plus
Fund I, LLC; Viking Partners Income Plus Fund I-Q, LLC, and Viking Partners Naples,
LLC. Viking Partners Management, Inc., an affiliate of Viking Partners, serves as the
manager of all the Funds except Viking Partners Naples, LLC (“Viking Naples”), which is
managed directly by Viking Partners Advisors.
Viking Partners’ clients are solely the Funds, and as such, Viking Partners does not tailor
its advisory services to the needs of individual investors. Viking Partners generally does
not accept investor restrictions on taking positions in certain types of investments for the
Funds.
Advisory Services Provided by Viking Partners
Viking Partners, on behalf of the Funds, engages in real estate based investments. The
acquisitions team reviews real estate markets,
including, without limitation, the Midwest,
Southeast, Southwest and Mountain West regions. Each real estate based investment
considered is underwritten using Viking Partners’ proprietary model with assumptions for
costs and timing of lease up, capital expenditures, financing expectations and anticipated
exit cap rates. Viking Partners engages in market research in support of the utilized
assumptions. Through its modeling process, Viking Partners seeks to project cash flows,
net sales proceeds, the projected internal rate of return and the equity multiple on
investment. If pursuant to this process Viking Partners determines to further pursue a
prospective investment, Viking Partners executes a due diligence process.
Ownership of Viking Partners
Viking Partners’ principal owners (the “Principals”) are Bret Caller and Steven Miller.
Client Assets Under Management
As of December 31, 2023, the net asset value of client assets managed by Viking Partners
on a discretionary basis was approximately $464,019,509. Viking Partners does not
currently manage any client assets on a non-discretionary basis.