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Adviser Profile

As of Date 05/17/2024
Adviser Type - Large advisory firm
Number of Employees 22 -8.33%
of those in investment advisory functions 8 -20.00%
Registration SEC, Approved, 1/10/2012
AUM* 113,070,617 -46.28%
of that, discretionary 113,070,617 -46.28%
Private Fund GAV* 113,070,617 -46.28%
Avg Account Size 37,690,206 -46.28%
SMA’s No
Private Funds 3 2
Contact Info 303 xxxxxxx
Websites

Client Types

- Pooled investment vehicles

Advisory Activities

- Portfolio management for pooled investment vehicles

Compensation Arrangments

- A percentage of assets under your management
- Performance-based fees

Recent News

Reported AUM

Discretionary
Non-discretionary
1B 956M 797M 637M 478M 319M 159M
2015 2016 2017 2018 2019 2020 2021 2022 2023

Private Funds



Employees

Private Funds Structure

Fund Type Count GAV
Fund TypeReal Estate Fund Count3 GAV$113,070,617

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Brochure Summary

Overview

MP RIA, LLC, a Delaware limited liability company (the “Adviser”), formed in 2011, provides discretionary investment advisory services to pooled investment vehicles organized as private real estate funds (the “Funds”). The Funds are:
• Miller Global Fund VIII, L.P., a Delaware limited partnership (“Fund VIII”);
• Miller Global Friends and Family Fund VIII, L.P., a Delaware limited partnership (the “Employee Fund”) and
• Miller Global Fund IX, L.P., a Delaware limited partnership (“Fund IX”). The Funds are private real estate funds organized principally to acquire and develop a portfolio of real estate assets. The Funds are no longer accepting additional capital commitments. The Employee Fund was formed solely to co-invest in each portfolio investment alongside Fund VIII (at the same time and based on a pre- determined participation percentage), and the investors in the Employee Fund are generally Miller Global personnel and former personnel, their family members and/or entities formed for the benefit of those persons. The Funds are referred to as the Adviser’s “clients.” The formation and organizational documents of the Funds are referred to herein as the “Fund Documents.” MP RIA, LLC is principally owned by Myron M. Miller and James H. Miller. Since 2001, affiliates of the Adviser have served as the investment adviser to the Funds. The Adviser was engaged to act as investment adviser to the Funds as of March 30, 2012. The Adviser is the investment adviser to the Funds, each a private real estate fund that invests in real estate assets, comprised primarily of office buildings and hotels, as well as other real estate assets, located throughout the United States (each, an “Investment”). The Adviser advises the Funds as to their investment strategy which typically
includes: (i) acquiring high quality real estate assets, comprised primarily of office buildings and other real estate assets such as hotels, located in select markets in the United States, that are intended to create value through cash flow and appreciation; (ii) acquiring assets to which the Adviser believes it can add value by taking measured risks in the areas of market recovery, leasing, management, development, renovation, re-capitalization and other market-driven strategies; (iii) focusing on markets that have significant job growth and/or potential for faster or stronger market recovery than the nation as a whole; and (iv) focusing on investments that can be pursued on an exclusive or semi-exclusive basis while maintaining a disciplined investment underwriting process. Each Fund’s investment objective and/or parameters are set forth in the Fund’s applicable governing documents provided to each investor. The Adviser does not tailor its advisory services to the individual needs of investors, and, except for certain limitations specifically set forth in the Fund Documents, investors may not impose restrictions on investing in certain securities or types of investments. The Fund Documents set forth each Funds’ investment strategy, including guidelines regarding the types of securities the Fund will invest in and portfolio limits (if any). The Adviser (or an affiliate thereof) has and will continue to enter into side letter agreements or other similar agreements with one or more investors in respect of their Fund investments that provide such investors with terms different from (and, at times, preferential to) those set forth in the applicable Fund Documents. As of December 31, 2023, the Adviser managed $113,070,617 of client assets, all on a discretionary basis.