General Information Driftwood Advisors, LLC is a Delaware limited liability company with its principal place of business in Florida. The Adviser was organized in 2017.
Fund Investment Advisory Services The Adviser provides investment advisory services to Driftwood Development Partners, LP (the “Development Fund”), Driftwood Acquisitions Partners, LP (the “Acquisitions Fund”), Driftwood Lending Partners, LP (the “Lending Fund,” and together with the Development Fund and the Acquisitions Fund, the “Funds”) each of which is a pooled investment vehicle. Each Fund is not required to register under the Investment Company Act of 1940, as amended (the “1940 Act”), and each Fund’s securities are not registered under the Securities Act of 1933, as amended (the “Securities Act”). As the investment adviser of each Fund, the Adviser, along with Driftwood Development Partners GP, LLC, the Development Fund’s general partner (the “Development Fund GP”), Driftwood Acquisitions Partners GP, LLC, the Acquisition Fund’s general partner (the “Acquisitions Fund GP”), and Driftwood Lending Partners GP, LLC, the Lending Fund’s general partner (the “Lending Fund GP” and together with the Development Fund GP and the Acquisitions Fund GP, the “General Partners”), identifies investment opportunities for, and participates in the acquisition, management, monitoring and disposition of investments of, each Fund.
Each Fund or each Fund’s General Partner will organize a special purpose entity (an “SPE”) for the purpose of making each Fund investment. While each Fund may enter into joint venture arrangements with respect to ownership of the general partner of each SPE (each, an “SPE GP”), the Fund, individually or collectively with other affiliates of the General Partner, including, without limitation, any management incentive vehicle (owned and controlled by Fund employees), will directly or indirectly control each SPE GP.
The Adviser provides investment advisory services to each Fund pursuant to the terms of a separate investment advisory agreement or the Fund’s limited partnership agreement (each, a “Fund Agreement”). Investment advice is provided by the Adviser directly to each Fund, subject to the direction and control of the applicable General Partner of the Fund and not individually to the investors in the Fund.
Investment Limitations The Funds will not,

without the prior approval of the advisory board of the applicable General Partner and a majority in interest of the Limited Partners, (a) invest in any single investment an amount of funds which would represent, on a Post-Syndication Basis (as hereinafter defined), more than 30% of the aggregate capital commitments made to the Fund and accepted by the General Partner in the offering; or (b) invest in any single metropolitan statistical area an aggregate amount of funds which would represent, on a Post-Syndication Basis, more than 40% of the aggregate capital commitments made to the Fund and accepted by the General Partner in the offering. In addition, neither the Development Fund nor the Acquisitions Fund will (y) invest in assets other than hotels or related hospitality assets (including, without limitation, co-living projects and mixed or multiple use projects with a hospitality component) and “temporary investments” (short-term, highly liquid investments where the General Partner believes there is an appropriate safety of principal) an aggregate amount of funds which would represent, on a Post-Syndication Basis, more than 25% of the aggregate capital commitments made to the Fund and accepted by the General Partner in the offering; or (z) make any acquisition and/or development investment or preferred equity investment related to any real estate asset located outside of the United States.
“Post-Syndication Basis” means the basis determined following the syndication of interests in special purpose entities (“SPEs”) formed for acquisition, development or lending investments, as applicable.
These restrictions on investments are established by the General Partner of each Fund and are set forth in the documentation received by each limited partner before investment in the applicable Fund. Once invested in a Fund, investors cannot impose restrictions on the types of investments the Fund may make.
Type and Value of Assets Currently Managed All of the Adviser’s investment advisory services are provided on a discretionary basis. As of December 31, 2023, the Adviser managed $821,324,898 in regulatory Fund assets under management.
Principal Owners The Adviser is a wholly-owned subsidiary of Driftwood Capital LLC (“Driftwood Capital”). The principal owners of Driftwood Capital are Carlos J. Rodriguez, Sr. and Carlos J. Rodriguez, Jr.