Overview
PCCP, LLC (“PCCP,” “us,” or “we”) provides commercial real estate investment advisory services to
(i) pooled investment vehicles, including commingled funds and joint ventures (“Funds”, including the
Flagship Funds as defined herein), and (ii) certain institutional investors through separately Managed
Accounts (“Managed Accounts” and, together with the Funds, “Clients”). PCCP manages two flagship
series of closed-end discretionary commingled funds, a value-add debt fund series and an opportunistic
equity fund series (collectively, “Flagship Funds”). Certain of PCCP’s Clients do not invest in
securities, therefore “Client” as defined herein is different in some cases to the definition pursuant to the
general instructions for Form ADV. PCCP also provides commercial real estate and capital advisory
services to pension plans (“Advisory Clients”) including but not limited to capital design and ongoing
servicing for their wholly owned commercial real estate portfolios. Certain institutional investors in the
Funds also receive advisory services as an Advisory Client.
PCCP has been in business since 1998, and is principally owned by its managing member, CGKL I,
LLC. CGKL I, LLC is beneficially owned and controlled by members of PCCP’s senior management
team.
PCCP provides both debt and equity to core, value-add,
and opportunistic commercial real estate projects
throughout the United States. With offices in New York, San Francisco, Atlanta and Los Angeles, PCCP
seeks to provide commercial real estate owners and investors with a broad range of options to meet
capital requirements. PCCP has originated over $39 billion of debt and equity transactions over more
than 25 years and continues to look for investment opportunities with operators seeking fast and reliable
capital.
As of December 31, 2023, PCCP provides investment advice on both a discretionary and non-
discretionary basis, depending on the Client agreement, to $23.57 billion in assets under management
(“AUM”), including assets that are not included in regulatory assets under management pursuant to the
general instructions for Form ADV. AUM that we manage on a discretionary basis was $13.47 billion.
AUM that we manage on a non-discretionary basis was $10.10 billion.
For Funds, PCCP identifies, acquires, manages, monitors, and sells investments for each Fund in
accordance with each Fund’s offering documents and governing documents. PCCP provides investment
advice to Managed Accounts based on the Managed Account’s investment management agreement,
operating agreement or similar agreement with PCCP, the terms of which are negotiated by the investor
and PCCP.