By John Lloyd, CEO, Fidelis Private Fund
When I talk with new investors, this question always comes up: “How do I get my money back when I need it?” In the world of private real estate, there is a common fear that capital enters a “black hole” where it’s locked away for a decade.
At Fidelis Private Fund, we do things differently. We believe in transparency and accessibility, ensuring you know exactly how to exit before you even enter.
The Investment Structure: You Are the Bank
To understand liquidity, you must understand your role. In our fund, you aren’t the landlord; you are the bank. When you invest in an equity fund that buys buildings, your money is often trapped until that building is sold or refinanced—events that can take years. We provide short-term bridge loans (typically 6–24 months) secured by real estate. This means capital is constantly cycling back into the fund as loans are paid off. This “natural” liquidity is the engine that allows us to return capital to investors without needing to sell a physical asset.
Redemption: Capital Access on Your Terms
The most important thing to know is that your capital is not strictly locked away. You can withdraw your funds at any time; the distinction lies in the timing of your request:
- Anytime Access: Unlike many private funds, we do not prohibit withdrawals during the first year. You may request your capital back at any point.
- The 12-Month Distinction: * Within the first 12 months: Redemptions are subject to a 10% withdrawal fee.
- After 12 months: There is no exit fee for capital withdrawals.
- Standard Protocol: To ensure a smooth process for all partners, our protocol is to require a 45-day written notice for redemptions. Payments are distributed quarterly, coinciding with our regular income distributions.
Disciplined Cash Management
We manage liquidity through a disciplined strategy. We don’t stay 100% “tapped out.” We maintain a cash cushion and “ladder” our loan maturities to ensure that when a redemption request comes in, the funds are ready. This structure provides a level of stability and predictability that traditional equity funds simply cannot match.
The Bottom Line
Your investment is backed by a diversified portfolio of short-term debt, not slow-moving, illiquid buildings. While our standard protocol involves a 45-day notice period, we prioritize investor needs whenever possible. If the General Partner determines there is sufficient fund liquidity available and it does not compromise the integrity of the partnership, it is possible to receive immediate liquidity.
We want your investment to work for you, both while it’s in the fund and when you’re ready to move it elsewhere. If this still feels complex, I want to invite you to call me directly. I truly believe the best partnerships start with a simple conversation—no pressure, just clarity.
John Lloyd Fidelis Private Fund 760-258-4486 | jlloyd@fidelispf.com
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