Highspire Capital Monthly #1: A deep-dive introduction to the fund

Welcome to the first issue of the Highspire Capital monthly newsletter!

As you might have guessed from the title — today we’re going to be giving an official introduction to Highspire Capital.

This is going to be a deep-dive email that will cover:

• What the Highspire Capital Fund is (and who it’s for)

• The fund’s key highlights, strengths, and overall structure

(Note: for brevity, we will be referring to “construction company owners” as “CCOs” in this email.)

Let’s dive right in:

How Highspire Capital differs from Highspire Coaching

Highspire Capital is an extension of Highspire’s main coaching program.

For context, our coaching program works in two distinct stages:

In the first stage, we help CCOs hone their business to be self-managed and extremely profitable.

In the second stage, we teach them how to transform their business into a vertically integrated real estate development, investment, and construction group.

As part of that second stage, CCOs learn how to navigate the ins and outs of real estate capital — so they can further leverage their earnings, keep growing the business, and eventually begin building generational wealth.

In the program, we teach a variety of ways to raise capital (showing you how to hunt on your own, so to speak).

But, if you find a project that makes sense for Highspire to co-invest in, and meets our requirements, then we’d love to come alongside as a partner.

And that’s where Highspire Capital comes in.

Highspire Capital’s mission

Highspire Capital exists to co-invest in select development projects in North America alongside our coaching clients.

We’re currently raising our first fund — a $15 million pool of capital that will provide equity to invest into these deals.

The fund is sourced exclusively from accredited investors, and every project is carefully vetted by our Investment Committee before any capital is deployed.

Our goal is simple: to help the right projects go further, faster, while creating long-term value for everyone involved.

Our Investment Committee

Our Investment Committee is comprised of:

• Paul Atherton (Highspire CEO & Co-founder)

• Barrett Johnston (Highspire Co-founder + Founder & Principal of Cadence Real Estate)

• Jordan Milne (Highspire Co-founder + President & CEO of the GMC Group)

• Dave Stephens (Highspire Co-founder + President & Principal of the LIDA Group)

• Vanessa Wong (Director of Capital Investments at Highspire)

(To learn more about each, plus their specialties and qualifications, see this page.)

Our ownership has immense knowledge of real estate development and investments — because it’s how they’ve built their own wealth over the last 10+ years!

Highspire Capital Fund characteristics

• Target Return to Investors: 15% Net Internal Rate of Return (“IRR”)

• Preferred Returns to Limited Partners (“LP”): 8.0%

• Minimum Investment Size: $250,000

• Management Fee: 1.75%

• Fund Type: Closed-end fund

• Target Hold Period Per Asset: 5 years

• Fund Size: $15M

What’s next?

Today’s email was just an introduction to Highspire Capital.

This will be an ongoing once-per-month series.

Over the next few issues, we’ll take a closer look at:

• Our core values and strategies

• What asset classes we focus on

• Our due diligence process

• The Highspire Capital Community

• An in-depth breakdown of Highspire Capital’s flagship seed project in Seattle, WA (A beautiful 41-unit renovation in Capitol Hill)

• And much more.

In the meantime, you can learn more about Highspire Capital here.

If you have any questions about the fund, please contact:

Vanessa Wong
Director of Capital Investments at Highspire
Email: [email protected]

Thanks for tuning in, and we’ll see you in next month’s issue!

Forward always,

Highspire