CABOT PROPERTIES L.P. other names

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Adviser Profile

As of Date:

03/28/2024

Adviser Type:

- Large advisory firm


Number of Employees:

111 4.72%

of those in investment advisory functions:

100 5.26%


Registration:

SEC, Approved, 12/7/2001

AUM:

7,917,246,720 16.69%

of that, discretionary:

6,911,617,958 13.28%

Private Fund GAV:

5,317,661,855 17.95%

Avg Account Size:

609,018,978 16.69%


SMA’s:

YES

Private Funds:

11

Contact Info

617 xxxxxxx

Websites :
Client Types:

+

Advisory Activities:

+

Compensation Arrangments:

+

Reported AUM

Discretionary
Non-discretionary
6B 5B 4B 3B 3B 2B 872M
2015 2016 2017 2018 2019 2020 2021 2022 2023

Recent News

US fund swoops on local booming industrial sector
03/30/2021

A US private equity firm is funding the speculative construction of two industrial buildings in Melbourne’s west as e-commerce ramps up demand for warehousing.

smh.com.au

ProLogis Property Mexico S.A. de C.V. FIBRAPL14 (Mexico)
03/26/2021

News Corp is a global, diversified media and information services company focused on creating and distributing authoritative and engaging content and other products and services.

Wall Street Journal

San Francisco assigns $50 million to private equity, real assets
03/05/2021

a value-added real estate fund managed by Cabot Properties. As of Feb. 28, the actual allocations to private equity and real assets were 23.2% and 11.8%, respectively.

pionline.com

San Francisco assigns $50 million to private equity, real assets
03/05/2021

a value-added real estate fund managed by Cabot Properties. As of Feb. 28, the actual allocations to private equity and real assets were 23.2% and 11.8%, respectively.

pionline.com


Private Funds Structure

Fund Type Count GAV
Real Estate Fund 11 $5,317,661,855

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BANNER OAK CAPITAL PARTNERS, LP - - - 6.9b - - - 6.9b 6.9b 11
AVIVA INVESTORS AMERICAS - - - - - - - - 18.6b -
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IPI PARTNERS, LLC - - - 9.6b - - - 9.6b 9.6b 17
ARTEMIS REAL ESTATE PARTNERS - - - 8.3b - - - 8.3b 8.5b 25
BAIN CAPITAL REAL ESTATE, LP - - - 9.4b - - - 9.4b 9.4b 19
CARMEL PARTNERS - - - 6.7b - - - 6.7b 6.0b 8
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Private Funds



Employees




Brochure Summary

Overview

Cabot Properties, Inc. (“Cabot”) is a private equity real estate investment firm that has been in business for over three decades directly and through its predecessor entities. Cabot is the general partner of Cabot Properties L.P. (together with its affiliates and in the form of predecessors, the “Adviser”), which has been in business since 1986. The Adviser is the shareholder of Cabot Partners Limited (“CPL”), a limited company organized under the laws of England and Wales, as well as Cabot Partners Australia Pty Ltd, an Australian proprietary company, (“CP AUS”), Cabot Partners Netherlands Coöperatief U.A., a Dutch Cooperative (“CP NL”) and its dependent branch Cabot Partners Netherlands Coöperatief U.A. Zweigniederlass ung Deutschland (“CP GER”), and Cabot Partners Japan, LLC (“CP JPY"), a limited liability company organized under the laws of Delaware. The Adviser provides real estate investment advisory and management services to real estate investment vehicles in the forms of sponsored private investment funds (“Funds”), client investment funds, or separately managed accounts, and may offer services for the purposes of co-investment or with respect to joint ventures (all such vehicles and accounts collectively with the Funds, “Clients”). The Adviser has established the Funds and related investment vehicles including real estate investment trusts (“REITs”) and other related entities that ultimately own real property assets. The Adviser generally uses controlled, affiliated entities to serve as the general partner or managing member of its Funds and their related entities. The Adviser targets institutional investors, such as university endowments, pension and profit-sharing plans, other tax-exempt entities, corporations and other business entities, and private institutional investors, to invest in Cabot-sponsored real estate investment vehicles. The following affiliates provide investment advice and asset management services to the Adviser and indirectly to the Clients advised by the Adviser with respect to real estate assets in their respective global regions, however the Adviser retains discretionary authority over Fund investments: (a) CPL (United Kingdom), (b) CP AUS (Australia), (c) CP NL (Europe), (d) CP GER (Germany), and (e) CP JPY (Japan). All affiliates provide investment advice and/or asset management services to the Adviser with respect to real estate assets in each affiliate’s respective geographical region, however the Adviser retains discretionary authority over Fund investments.. Additionally, all affiliates do not have a direct contractual relationship with any separate account Clients. The services of the Adviser include or have included: Acquiring and developing industrial properties, such as bulk warehouses, multi- tenant properties and light industrial properties located in strategic markets; Recommending short-term cash management instruments (e.g., money market mutual funds and other short-term instruments) for accumulated funds awaiting investment; Placing and negotiating
financing instruments (e.g. loans, and interest rate and FX rate hedging instruments); 2 Property management and/or oversight of third-party property management, including maintenance and repairs, collections, disbursements and fulfillment of owner obligations under leases;
• Development management, construction management services and/or oversight of third-party construction and development management services, which include developing detailed plans and negotiating construction and development agreements;
• Negotiating leases with industrial tenants;
• Continuous portfolio supervision, which includes reviewing budgets and recommending expenditures to improve or upgrade properties;
• Recommending the sale of properties, as appropriate;
• Negotiating property sales and overseeing the documentation of purchase and sale transactions;
• Recordkeeping relating to each property;
• Facilitating appraisals and audits; and
• Providing periodic reports and meetings with investors as required. Generally, Cabot forms the Funds, which are generally real estate limited partnerships, and other investment entities in which institutional investors may invest. Typically, investors must commit a minimum of $10 million to invest in the Funds, although the general partner of each Fund has the discretion to accept smaller commitments. Although the Adviser typically enters into advisory agreements with an affiliated general partner or member manager of the investment vehicles, the Adviser considers the investment vehicle to be its Client for purposes of the Investment Advisers Act of 1940 (the “Advisers Act”). The Adviser currently renders advice on a discretionary basis to real estate investment vehicles including Cabot Industrial Core Fund II, L.P., Cabot Industrial Core Fund III, L.P., Cabot Industrial Value Fund VI, L.P., CIVF VI Development Fund, L.P., CIVF VI Australia, L.P., CIVF VI-A Australia, L.P., Cabot Industrial Value Fund VII, L.P., and Cabot UK Core-Plus Industrial Fund, SCSp,1 and on a non- discretionary basis to separately managed accounts for pooled investment vehicles, as well as to Cabot Industrial Opportunity Fund I, L.P. and Cabot UK Industrial Opportunity Fund I, L.P. The Adviser may sponsor other Funds and offer co-investments, joint ventures, and other separately managed accounts in the future. As of December 31, 2023, the total gross assets, including cash but excluding uncalled commitments, of all Client accounts collectively, was $6,012,697,841 which constitutes the 1 The Adviser is in the process of a liquidation of Cabot Industrial Value Fund V, L.P. after the sale of its portfolio in 2021. Any assets attributable to this Fund as of 12/31/23 are included in the Adviser’s assets under management. 3 assets under the management of the Adviser.2 Of the total gross assets as of December 31, 2023, $ 5,019,550,848 was managed on a discretionary basis and $993,146,993 was managed on a non- discretionary basis.