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Adviser Profile

As of Date 03/26/2024
Adviser Type - Large advisory firm
Number of Employees 41 36.67%
of those in investment advisory functions 16 14.29%
Registration SEC, Approved, 03/26/2012
AUM* 3,208,475,878 4.38%
of that, discretionary 2,473,558,622 2.43%
Private Fund GAV* 2,199,310,639 -11.77%
Avg Account Size 320,847,588 14.82%
SMA’s Yes
Private Funds 5 1
Contact Info 650 xxxxxxx
Websites

Client Types

- Pooled investment vehicles
- Corporations or other businesses not listed above

Advisory Activities

- Portfolio management for pooled investment vehicles
- Portfolio management for businesses

Compensation Arrangments

- A percentage of assets under your management
- Fixed fees (other than subscription fees)
- Performance-based fees

Recent News

Reported AUM

Discretionary
Non-discretionary
3B 3B 2B 2B 1B 866M 433M
2015 2016 2017 2018 2019 2020 2021 2022 2023

Private Funds



Employees

Private Funds Structure

Fund Type Count GAV
Fund TypeHedge Fund Count2 GAV$1,745,395,785
Fund TypeReal Estate Fund Count3 GAV$453,914,854

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Brochure Summary

Overview

Menlo Equities V LLC, Menlo Equities VI LP, Menlo Equities VII LP and ME Digital Partners LP (collectively, “Menlo Equities”), a privately-held, vertically integrated owner-operator and developer of commercial real estate, is engaged in the acquisition, development and operation of properties in select technology-driven geographic markets in the United States. Menlo Equities V LLC, a California limited liability company (“MEV”), which was established in 2008, succeeded to the business of Menlo Equities LLC, which had previously been in operations since 1994. MEV, a privately-held, vertically integrated owner-operator and developer of commercial real estate, is engaged in the acquisition, development and operation of properties in select technology-driven geographic markets in the United States. Menlo Legacy Holdings, L.P., a California limited partnership (100% owned by Henry D. Bullock Administrative Trust), is a 65% owner of MEV, and Diamant Investments LLC, a Delaware limited liability company (100% owned by Richard Holmstrom), is a 35% owner of MEV. Mr. Holmstrom is the sole remaining member of MEV. Menlo Equities VI LP (“MEVI”), a Delaware limited partnership, was established in 2016. MEVI, a privately-held, vertically integrated owner-operator of commercial real estate, is engaged in the acquisition and operation of properties in select technology- driven markets in the United States. Diamant Investments LLC, a Delaware limited liability company (100% owned by Richard Holmstrom), is a 35% owner of MEVI, ME VI Holdco LLC, a Delaware limited liability company (100% owned by Richard Holmstrom), is a 41% owner of MEVI, and the remaining 24% is owned by third party non-control investors. Omega Point Management Company LLC is the General Partner of MEVI. Omega Point Management Company LLC is 100% owned by Richard Holmstrom. ME Digital Partners LP (“MEDP”), a Delaware limited partnership, was established in 2020. MEDP, a privately-held, vertically integrated owner-operator and developer of digital infrastructure and commercial real estate, is engaged in managing joint-ventures with two public pension funds. ME Manager Holdings LLC a Delaware limited liability company (indirectly 100% owned by Richard Holmstrom), is a 51.5% owner of MEDP, Omega Point Management Company LLC, a Delaware limited liability company (100% owned by Richard Holmstrom), is a 1% owner of MEDP. The remaining 47.5% is owned by members of Management. Omega Point LLC is the sole member of ME Manager Holdings LLC, and Diamant Investment LLC is the sole member of Omega Point LLC, which is 100% owned by Richard Holmstrom. Menlo Equities VII LP (“MEVII”), a Delaware limited partnership, was established in 2018. MEVII, a privately-held, vertically integrated owner-operator and developer of commercial real estate, is engaged in the acquisition and operation of properties in select technology-driven markets in the United States. ME Manager Holdings LLC, a Delaware limited liability company (indirectly 100% owned by Richard Holmstrom), is a 52.5% owner of MEVII, and Omega Point Management Company LLC, a Delaware limited liability company (100% owned by Richard Holmstrom), is a 47.5% owner of MEVII. ME Manager Holdings LLC is the General Partner of MEVII. Omega Point LLC is the sole member of ME Manager Holdings LLC, and Diamant Investment LLC is the sole member of Omega Point LLC, which is 100% owned by Richard Holmstrom. Menlo Equities provides advice regarding, and manages, real estate investments and special purpose entities organized to hold real estate investments for private funds and special purpose entities
in the form of limited liability companies or limited partnerships (collectively, the “Funds”). Menlo Equities performs these services for the Funds directly or indirectly through limited partnerships, limited liability companies, title holding corporations and other special purpose vehicles organized to hold real estate investments (collectively, “SPEs”) for the Funds or other Clients (as defined below). In connection with the foregoing, Menlo Equities may also provide administrative services relating to the selection and disposition of real estate properties and their ongoing management. Menlo Equities also provides advice, and manages, real estate investments and SPEs made through real estate syndications and joint venture agreements (“Syndicated Investments”). Menlo Equities deploys capital and oversees commercial real estate investments in highly sought after technology-driven markets throughout the United States. Its investments are capitalized with equity raised through its various fund platforms, joint ventures, and single entity syndications combined with the prudent use of debt capital sourced from various financial institutions and conduit vehicles. Menlo Equities has organized and controls the managers and managing or general partners, which serve as the administrative managers, managing members or general partners (collectively, the “Menlo Equities Managers”) to the following Funds:
• Menlo Equities Absolute Return Fund LP
• Menlo Equities Absolute Return Holdings LP
• Menlo Realty Partners V LP
• Menlo Realty Partners VI LP
• MRP IV Institutional Co-Investment Fund LP As supervised persons of Menlo Equities, the Menlo Equities Managers are subject to the requirements of the Investment Advisers Act of 1940, as amended, and the rules thereunder (the “Advisers Act”). Any employees of Menlo Equities Managers, and any other person acting on their behalf, are subject to the supervision and control of Menlo Equities. The Menlo Equities Managers and Menlo Equities are generally operated as a single advisory business. The Menlo Equities Managers shall be included in all references to “Menlo Equities” herein. Menlo Equities may, from time to time, sponsor and manage investment vehicles on a transaction-by-transaction basis to allow certain persons to invest alongside one or more Funds in SPEs and other assets in which the Funds invest (each such vehicle, a “Co- Investment Fund,” and together with the Funds and Syndicated Investments, the “Clients”). Co-Investment Funds are typically limited to investing in investments or assets relating to the transaction or transactions with respect to which they were organized. Investors participate in the overall investment program for the applicable Client, but may be excused from a particular investment due to legal, regulatory or other applicable constraints. The information provided above about the investment advisory services provided by Menlo Equities is qualified in its entirety by reference to each respective Fund’s private placement memorandum (the “PPM”) and limited partnership agreement or operating agreement for the Fund or Co-Investment Fund (each, an “Operating Agreement”). The PPM, the Operating Agreement, any applicable subscription agreements, and any side letter or similar agreements entered into with a Client’s investors are referred to collectively herein as a Client’s “Governing Documents”. As of December 31, 2023, Menlo Equities managed $3,208,475,878 of assets, $2,473,558,622 of which is on a discretionary basis, and $734,917,256 of which is on a non-discretionary basis.