Kawa Ground Lease Onshore Feeder Fund I, LP

Cristina Baldim is the sole named GP and this is the manager's first EDGAR filing, meaning Kawa is either newly formed, newly registering, or operating without prior SEC disclosure—this lack of prior vintage history makes the feeder structure more critical as a risk mitigation tool, as LPs cannot cross-check performance or consistency against prior vehicles from the same team.

A mid-2026 amendment during a period of rising institutional capital reallocation toward alternative real assets and long-duration income streams signals Kawa is repositioning or extending a previously filed vehicle, likely responding to LP demand for ground lease exposure as a hedge against inflation and property market volatility.

Before committing, verify whether Baldim has key-man insurance tied to fund operations, what the master fund's GP structure and fee terms are (as the feeder obscures direct visibility into investment economics), and whether this amendment reflects a reset of the 2-year marketing clock—if it does, the fund may only have recently begun fundraising in earnest despite the June 2026 date.