We search far and wide to produce higher risk-adjusted returns.

Spyglass Capital Partners (“Spyglass”) is a niche private equity firm that acquired 20 properties (+/- 5,100 units) totaling more than $1 billion of asset value. We focus on value-add multifamily investments. We target stable but under-managed properties that could benefit from modest repairs and strategic operational improvements. Spyglass will only consider properties that have favorable demographics, solid population growth, stable job bases, and good schools.

Spyglass invests with a long-term view, but we are also ready sellers if market conditions warrant, particularly after most of the value-add opportunity has been realized. We make good use of our Wall Street training to carefully weigh the benefits of various financing and re-financing options that can create liquidity for our partners.

The principals of Spyglass believe the multifamily sector offers excellent risk-adjusted returns, but only for sponsors who are exceptionally disciplined in their acquisition criteria, relentlessly focused on asset management, and who always have an eye on the exit. As of September2024, we’ve harvested gains on 19 of our 20 acquisitions, producing a 22% net IRR and 2.1x multiple on invested capital (after exit costs and after the sponsor promote). We are committed to staying small enough to remain highly selective and to ensure we have enough time to appropriately oversee each of our portfolio properties.