Benchmark
SBC Fund I
Target Net IRR
Strategy
Workforce housing development and acquisition focused on preserving and expanding affordable and attainable rental housing through ground-up development, adaptive reuse, and operational efficiency programs.
$1B
11.0%–15.0%
$484M
SBC Fund XXXV
Aspect
Aspect
Benchmark
SBC Fund V
Target Net IRR
Strategy
Stabilized multifamily income generation across top-25 metropolitan statistical areas, targeting Class A and Class B apartment communities with strong occupancy profiles, embedded rent growth, and operator-led yield enhancement.
$984M
13.0%–17.0%
Strategy
Data center and digital infrastructure development targeting hyperscale, colocation, and edge facilities in primary and secondary markets with durable power access, fiber density, and AI-driven demand tailwinds.
SBC Fund VI
Target Net IRR
Strategy
Renewable energy and power generation investing across utility-scale solar, onshore wind, battery energy storage, and related grid-support assets with contracted revenue profiles and inflation-linked cash flow.
$784M
13.0%–17.0%
13.0%–17.0%
Strategy
SBC Fund IX
Target Net IRR
Strategy
SBC Fund XXXI
$884M
14.0%–18.0%
$370M
Strategy
SBC Fund XIII
Target Net IRR
SBC Fund LX
AI infrastructure and compute-enablement real assets investing in powered shell campuses, inference facilities, carrier hotels, and related digital backbone assets required for next-generation compute demand.
$934M
13.0%–17.0%
Life sciences and laboratory real estate developing and acquiring wet lab, dry lab, GMP manufacturing, and innovation campus assets in established biotech clusters with specialized tenant demand.
Strategy
SBC Fund XX
Target Net IRR
Strategy
Target Net IRR
$534M
14.0%–18.0%
Strategy
Build-to-rent single-family communities developing purpose-built rental neighborhoods in high-growth Sunbelt and Mountain West markets with institutional property management and scalable platform economics.
SBC Fund XXVI
Target Net IRR
Target Net IRR
Target Net IRR
$684M
13.0%–17.0%
Marine terminal and port infrastructure investing in container terminals, bulk cargo facilities, inland ports, and logistics interfaces serving strategic trade gateways and reshoring-driven freight flows.
$584M
17.0%–21.0%
Sports, media, and live entertainment venue real assets investing in venues, mixed-use entertainment districts, and adjacent experiential infrastructure monetized through sponsorship, premium hospitality, and recurring event traffic.
18.0%–22.0%
Founder solutions, GP stakes, and strategic secondary opportunities acquiring minority interests in sponsors, continuation positions, and aligned founder liquidity solutions with structured downside protection.