USQ Expands Investment Platform with PREDEX Acquisition – Business Wire | Omd Cialis

KENNETT SQUARE, Pa.–(BUSINESS WIRE)–Union Square Capital Partners, LLC announced today that it has assumed management of PREDEX, a real estate-focused interval fund. PREDEX (ticker: PRDEX) had $163 million in assets under management as of July 27, 2022, bringing the total assets of USQ interval funds to approximately $400 million.

“True diversification is important, and most investors were reminded of that in the first half of this year,” said Thomas Miller, chief executive officer of Union Square Capital Partners. Since inception, both funds have consistently demonstrated that non-correlation with the broader markets while delivering strong risk-adjusted returns is possible, as both have a three-year correlation of just -0.02 to the S&P 500 Index as of June 30th. 2022. During the same period, the USQ Core Real Estate Fund (ticker: USQIX) returned an annualized return of 10.46%, while PRDEX returned an annualized return of 12.09%.

USQ’s first fund, USQIX, has as its primary investment objective the generation of a return comprised of current income and long-term capital appreciation, with moderate volatility and low correlation to broader markets. USQ implements this strategy by investing in the core private equity real estate funds that comprise the NCREIF Fund Index — Open-end Diversified Core Equity (“NFI-ODCE”). PREDEX also serves as a gateway to private core real estate, but implements a slightly different approach that allows holding part of the assets in funds outside the NFI ODCE index.

“We are excited to join the USQ team and believe they are a perfect partner to support the growth of the PREDEX fund,” said J. Grayson Sanders, Founder of PREDEX.

The expansion of USQ’s strategies aligns with the company’s long-term plans. “This acquisition underscores our commitment to growing our wealth management business through both organic growth and strategic acquisitions,” said Matt Henry, Managing Partner and Founder of USQ and Chief Executive Officer of Chatham Financial.

Status 06/30/2022


course of the year

1 year

3 years

5 years

Since foundation*

Class I Shares: USQIX(1)





N / A


Class I Shares: PRDEX(2)







*Inception Date – USQIX: 09/27/2017, PRDEX: 07/01/2016

(1) USQIX gross cost is 1.35% and net cost is 0.95%. The Net Fees are based on a contractual fee waiver and reimbursement agreement which is in effect indefinitely until terminated by mutual consent of the Investment Adviser and the Fund, including the approval of the Board of Directors of the Fund. All investments involve risk, including the possible loss of capital.

(2) The total annual expense ratio for PRDEX is estimated at 1.32% according to the Fund’s annual report dated April 30, 2022. The fund’s investment advisor has contractually agreed to cap its fees and bear the expenses of the fund until at least August 31, 2022 such that the annual operating expenses (excluding any interest and extraordinary charges) are 1.10% per annum of the average not exceed the Fund’s daily net assets.

The performance shown represents past performance. Past performance does not guarantee future results. Actual performance may be below or above specified performance data. The investment return and capital value of the fund will fluctuate; An investor’s Shares may be worth more or less than their original cost when redeemed. Latest month-end performance data can be requested by calling 1-833-877-3863 for USQIX or 1-877-940-7202 for PRDEX.

Fund returns reflect actual fee waivers and expense reimbursements for the periods shown. Had fees and expenses not been waived and reimbursed, returns would have been lower. For more information on the current fees and charges, please refer to each Fund’s prospectus.

About USQ

USQ, a wholly owned subsidiary of Chatham Financial Corp., is an investment management company providing access to inventive real asset investing strategies. The USQ platform leverages in-depth knowledge of the complexities of real estate finance to offer modern investment approaches catering to the needs of registered investment advisors through to institutional investors. Union Square Capital Partners, LLC offers asset managers low-cost institutional private real estate.

About Chatham Financial

Chatham Financial is the largest independent financial risk management consulting and technology firm. As a leader in debt and derivatives solutions, Chatham offers clients access to deep knowledge, innovative tools and an unparalleled team of over 600 people to mitigate the risks associated with interest rate, foreign exchange and commodity exposures. Founded in 1991, Chatham serves more than 3,000 companies across a variety of industries – it handles over $750 billion in transactions annually and helps companies maximize their value in the capital markets every day. To learn more, visit

Definitions and Indexes

correlation is a statistic that measures how two asset classes (or securities) are moving relative to each other. Two highly correlated asset classes move in the same direction as markets rise and fall. Two asset classes with negative or inverse correlation move in opposite directions during rising and falling markets. The closer the correlation statistics between two asset classes are to zero, the more independently the asset classes move in relation to one another.

S&P 500 Index is a market capitalization-weighted index of 500 common stocks selected for their market size, liquidity and industry group representation to reflect the performance of US stocks.

NCREIF Fund Index — Open-end Diversified Core Equity (NFI-ODCE) consists of private real estate equity funds that meet certain criteria in terms of leverage (less than 35%), operations (at least 75% invested in properties that are 75% or more leased), sectoral and geographic diversification, and investments in core properties ( at least 75% in office, industrial, residential and retail properties).

You cannot invest directly in an index.

Important Disclosures

Before investing in any Fund, you should carefully review the Fund’s investment objective, risks, charges and expenses. A copy of the USQIX prospectus containing this and other information is available at or by calling 1-833-USQ-FUND [1-833-877-3863]. The USQ Core Real Estate Fund is distributed by Quasar Distributors LLC. Please read the fund’s prospectus carefully before investing.

A copy of the PRDEX prospectus, which contains this and other important information, is available by calling 1-877-940-7202. PREDEX is distributed by Northern Lights Distributors, LLC, member FINRA/SIPC. Please read the fund’s prospectus carefully before investing.

Risk Warnings

Investing involves risk. Capital loss is possible. Investing in real estate involves special risks, including (i) changes in general economic and market conditions; (ii) changes in the value of real estate; (iii) risks related to local economic conditions, urban development and increased competition; (iv) increases in property taxes and operating expenses; (v) changes in zoning laws; (vi) accidental and conviction losses; (vii) fluctuations in rental income, neighborhood values ​​or the attractiveness of properties to tenants; (viii) the availability of financing; and (ix) changes in interest rates and leverage. There are also specific risks associated with certain real estate sectors or real estate transactions in general. The fund is not intended as a complete investment program, but as a way to help investors diversify into real estate. Diversification does not guarantee a profit or a guarantee against a loss.

The USQ Core Real Estate Fund and PREDEX are continuously offered, undiversified, registered closed-end funds with limited liquidity.

PREDEX is distributed by Northern Lights Distributors, LLC.

The USQ Core Real Estate Fund is distributed by Quasar Distributors LLC.


Leave a Comment