The Fund Family
Eleven vehicles. One aligned platform.
3 deploys capital through seven dedicated investment funds — supported by a founding flagship, an operations fund, and a reserve fund — each a Delaware limited partnership sharing consistent, LP-aligned terms.
Overview
The seven investment strategies.
IIResort, Destination & Branded ResidencesDestination hospitality and branded residential$3.46B
IIIHospitality Brand IP & Operating PlatformsRoyalty, licensing, and operating-platform income$655M
IVExperiential Hospitality & Wellness RetreatsLifestyle retreats, wellness-led hospitality, and experiential destination assets$910M
VFranchised-Flag Scaled PortfoliosScaled portfolios of franchised-flag assets$1.53B
VIHospitality Ancillary Revenue & TechnologyAncillary revenue and property technology$1.31B
VIIHospitality CreditCredit strategies across the hospitality stack$700M
Founding Flagship
Fund 0 — the founding flagship of 3.
Fund 0 capitalizes founding-team payroll, the hospitality acquisition pipeline, brand and property-tech buildout, and a first-look property warehouse at the formation of the firm.
Founding Capital & Warehouse
- Vehicle
- 3 Fund 0, L.P. (Delaware)
- Target size
- $500,000,000
- LP base
- 15–25 LPs (anchor + insiders)
- Minimum commitment
- $1,000,000
- Carried interest
- 15% above a 7% preferred return
- Investment period
- 18 months
- Fund term
- 5 years + 2 × 1-yr GP extensions
- First close target
- Q3 2026
- The ask
- Anchor Fund 0 · $125M–$200M
Where founding capital goes
- Founding team payroll & runway
- $140M · 28%
- Hospitality pipeline reserve
- $110M · 22%
- Brand & property-tech stack
- $90M · 18%
- Working capital & office lease
- $70M · 14%
- First-look property warehouse
- $60M · 12%
- Legal, PPM & fund admin
- $30M · 6%
Investment Funds
Fund I through Fund VII.
Each investment fund is a Delaware limited partnership targeting an 18–22% net IRR, with a 9% compounded preferred return, 20% carried interest above the preferred, a 2% GP commitment, and a $2,000,000 minimum LP commitment.
Urban Boutique & Lifestyle Hotels
Acquires, develops, and converts boutique and lifestyle hotel real estate across high-barrier gateway cities and emerging Sun Belt urban submarkets.
- First close target
- Q2 2026
- The ask
- Anchor Fund I · $106M–$213M
- Investment period
- 5 years
- Fund term
- 10 years + 2 × 1-yr extensions
Resort, Destination & Branded Residences
Develops and acquires resort and destination hospitality assets globally, paired with branded residential development and sales.
- First close target
- Q2 2026
- The ask
- Anchor Fund II · $173M–$346M
- Investment period
- 5 years
- Fund term
- 10 years + 2 × 1-yr extensions
Hospitality Brand IP & Operating Platforms
Creates, acquires, and licenses proprietary lifestyle hospitality brands — branded F&B concepts, curated retail, wellness, and guest-experience IP — generating recurring royalty, licensing, and operating-platform income.
- First close target
- Q2 2026
- The ask
- Anchor Fund III · $33M–$66M
- Investment period
- 5 years
- Fund term
- 10 years + 2 × 1-yr extensions
Experiential Hospitality & Wellness Retreats
Acquires and repositions lifestyle hospitality assets centered on wellness, culinary, cultural, and experience-led travel demand in high-growth urban and resort markets.
- First close target
- Q2 2026
- The ask
- Anchor Fund IV · $46M–$91M
- Investment period
- 5 years
- Fund term
- 10 years + 2 × 1-yr extensions
Franchised-Flag Scaled Portfolios
Assembles and operates scaled portfolios of franchised-flag hospitality assets, applying platform-level revenue and operating discipline.
- First close target
- Q2 2026
- The ask
- Institutional & family-office LPs
- Investment period
- 5 years
- Fund term
- 10 years + 2 × 1-yr extensions
Hospitality Ancillary Revenue & Technology
Invests in ancillary revenue streams and property technology across the hospitality portfolio and third-party properties.
- First close target
- Q2 2026
- The ask
- Institutional & family-office LPs
- Investment period
- 5 years
- Fund term
- 10 years + 2 × 1-yr extensions
Hospitality Credit
Provides credit across the hospitality capital stack, complementing the platform’s equity strategies.
- First close target
- Q2 2026
- The ask
- Institutional & family-office LPs
- Investment period
- 5 years
- Fund term
- 10 years + 2 × 1-yr extensions
Fund sizes and terms are targets and are subject to the definitive offering documents for each fund. All figures are drawn from 3’s confidential fund materials and are presented here for informational purposes only.