Kateri Real Estate Income Fund LP

With no prior EDGAR filings from this manager, this represents a first-time fund raising by Kateri Capital, meaning allocators cannot benchmark this team against a track record of deployment, distributions, or fund operations—the 06b exemption (pre-existing relationships only) signals the GPs are relying on personal networks rather than public LP recruitment, typical for emerging managers or sponsors transitioning from operating companies into fund management.

Filing an amendment to a real estate income fund in mid-2026 reflects positioning for deployment into an income-yielding asset class at a point when rising rates have stabilized cap rates and created yield-on-cost opportunities after years of compressed spreads; the amendment timing suggests either a target close extension or material changes to terms after initial investor feedback.

Before engaging, verify whether Ian and Craig Macnab have direct real estate operating experience outside this fund vehicle, whether they retain decision-making authority post-close or are rolling into a broader platform, and whether the amendment modified GP carry, fee structure, or key-person provisions—material changes in amended filings often signal LP push-back on governance or economic terms.