Investment adviser · CRD 158397

CRESCENT REAL ESTATE LLC

Investment adviser filing (IA)

FORT WORTH, TX, United States · Form ADV filed Sep 23, 2026

Regulatory AUM: $5.11B
Client accounts: 43
Employees: 113
Advisory professionals: 34

Who they report serving

Form ADV · Item 5.D

Client types and their share of reported regulatory assets.

Client type	Clients	Regulatory assets	Share of AUM
Pooled investment vehicles	43	$5,113,386,114	100.0%

Filing source

Form ADV 2125907 · Sep 23, 2026 · Item 5.D

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

Private funds & service providers

50+ Private funds

The count excludes feeder funds. Funds in the latest filing appear first, ordered by reported gross assets. Earlier funds retain their last reported values.

Browse the first 49 funds across 7 pages.

GPIF 3PEAT PARTNERS, LPReal Estate Fund · Last reported Sep 23, 2026$897MGross asset value

Form D fundraising filings

GPIF 3peat Partners, LP

Fund administrator STANDISH MANAGEMENT, LLC DALLAS, Texas, United States Investor statements: No (provided to no investors) Related to adviser: No

Auditor ERNST & YOUNG LLP DALLAS, Texas, United States

Custodian BANK OF AMERICA CORPORATION FORT WORTH, Texas, United States Related to adviser: No

Provider details

Annual audit: Yes
Prime brokers: No
Custodians: Yes
Administrator other than the adviser: Yes
External marketing: No

ERNST & YOUNG LLP
PCAOB 42

BANK OF AMERICA CORPORATION
LEI 9DJT3UXIJIZJI4WXO774

Fund details & source

Fund ID: 805-3826125500
Reported beneficial owners: 79
Minimum commitment: $0
Form D file number: 021-393815

Form ADV 2125907 · Sep 23, 2026 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

GPIF AA OFFICE VENTURE, LPReal Estate Fund · Last reported Sep 23, 2026$685MGross asset value

Form D fundraising filings

GPIF AA Office Venture, LP

Fund administrator STANDISH MANAGEMENT, LLC DALLAS, Texas, United States Investor statements: No (provided to no investors) Related to adviser: No

Auditor ERNST & YOUNG LLP DALLAS, Texas, United States

Custodian BANK OF AMERICA FORT WORTH, Texas, United States Related to adviser: No

Custodian CULLEN/FROST BANKERS INC FORT WORTH, Texas, United States Related to adviser: No

Marketer EQUUS FINANCIAL CONSULTING LLC NEW CANAAN, Connecticut, United States Related to adviser: No

Provider details

Annual audit: Yes
Prime brokers: No
Custodians: Yes
Administrator other than the adviser: Yes
External marketing: Yes

ERNST & YOUNG LLP
PCAOB 42

BANK OF AMERICA
LEI 9DJT3UXIJIZJI4WXO774

CULLEN/FROST BANKERS INC
LEI 529900V2E9G9AY665O34

Fund details & source

Fund ID: 805-7960231414
Reported beneficial owners: 67
Minimum commitment: $0
Form D file number: 021-499922

Form ADV 2125907 · Sep 23, 2026 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

GP INVITATION FUND II, LPReal Estate Fund · Last reported Sep 23, 2026$535MGross asset value

Form D fundraising filings

GP Invitation Fund II LP

Fund administrator STANDISH MANAGEMENT, LLC DALLAS, Texas, United States Investor statements: No (provided to no investors) Related to adviser: No

Auditor ERNST & YOUNG LLP DALLAS, Texas, United States

Custodian CULLEN/FROST BANKERS, INC. FORT WORTH, Texas, United States Related to adviser: No

Marketer ALTERNATIVE ASSET INVESTMENT MANAGEMENT SERVICES, LLC ENGLEWOOD, New Jersey, United States Related to adviser: No

Marketer OAK HILLS SECURITIES, INC. OKLAHOMA CITY, Oklahoma, United States Related to adviser: No

Provider details

Annual audit: Yes
Prime brokers: No
Custodians: Yes
Administrator other than the adviser: Yes
External marketing: Yes

ERNST & YOUNG LLP
PCAOB 42

CULLEN/FROST BANKERS, INC.
LEI 529900V2E9G9AY665O34

OAK HILLS SECURITIES, INC.
CRD 145579 · SEC 8-67740

Fund details & source

Fund ID: 805-4081236029
Reported beneficial owners: 52
Minimum commitment: $2M
Form D file number: 021-314680

Form ADV 2125907 · Sep 23, 2026 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

GP INVITATION FUND III, LPReal Estate Fund · Last reported Sep 23, 2026$529MGross asset value

Form D fundraising filings

GP Invitation Fund III, LP

Fund administrator STANDISH MANAGEMENT, LLC DALLAS, Texas, United States Investor statements: No (provided to no investors) Related to adviser: No

Auditor ERNST & YOUNG LLP DALLAS, Texas, United States

Custodian CULLEN/FROST BANKERS, INC. FORT WORTH, Texas, United States Related to adviser: No

Provider details

Annual audit: Yes
Prime brokers: No
Custodians: Yes
Administrator other than the adviser: Yes
External marketing: No

ERNST & YOUNG LLP
PCAOB 42

CULLEN/FROST BANKERS, INC.
LEI 529900V2E9G9AY665O34

Fund details & source

Fund ID: 805-4946259639
Reported beneficial owners: 90
Minimum commitment: $0
Form D file number: 021-413763

Form ADV 2125907 · Sep 23, 2026 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

CRESCENT UPTOWN HOTEL PARTNERS, LPReal Estate Fund · Last reported Sep 23, 2026$496MGross asset value

Form D fundraising filings

Crescent Uptown Hotel Partners, LP

Fund administrator STANDISH MANAGEMENT, LLC DALLAS, Texas, United States Investor statements: No (provided to no investors) Related to adviser: No

Auditor ERNST & YOUNG LLP DALLAS, Texas, United States

Custodian BANK OF AMERICA CORPORATION FORT WORTH, Texas, United States Related to adviser: No

Provider details

Annual audit: Yes
Prime brokers: No
Custodians: Yes
Administrator other than the adviser: Yes
External marketing: No

ERNST & YOUNG LLP
PCAOB 42

BANK OF AMERICA CORPORATION
LEI 9DJT3UXIJIZJI4WXO774

Fund details & source

Fund ID: 805-7369562363
Reported beneficial owners: 66
Minimum commitment: $0
Form D file number: 021-403407

Form ADV 2125907 · Sep 23, 2026 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

GP INVITATION FUND IV, LPReal Estate Fund · Last reported Sep 23, 2026$399MGross asset value

Form D fundraising filings

GP Invitation Fund IV, LP

Fund administrator STANDISH MANAGEMENT, LLC DALLAS, Texas, United States Investor statements: No (provided to no investors) Related to adviser: No

Custodian CULLEN/FROST BANKERS, INC. FORT WORTH, Texas, United States Related to adviser: No

Marketer EQUUS FINANCIAL CONSULTING LLC NEW CANAAN, Connecticut, United States Related to adviser: No

Provider details

Annual audit: No
Prime brokers: No
Custodians: Yes
Administrator other than the adviser: Yes
External marketing: Yes

CULLEN/FROST BANKERS, INC.
LEI 529900V2E9G9AY665O34

EQUUS FINANCIAL CONSULTING LLC
CRD 131449 · SEC 8-66467

Fund details & source

Fund ID: 805-2720663036
Reported beneficial owners: 54
Minimum commitment: $0
Form D file number: 021-516120

Form ADV 2125907 · Sep 23, 2026 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

GPIF CD PARTNERS, LPReal Estate Fund · Last reported Sep 23, 2026$317MGross asset value

Form D fundraising filings

GPIF CD Partners, LP

Fund administrator STANDISH MANAGEMENT, LLC DALLAS, Texas, United States Investor statements: No (provided to no investors) Related to adviser: No

Auditor ERNST & YOUNG LLP DALLAS, Texas, United States

Custodian BANK OF AMERICA CORPORATION FORT WORTH, Texas, United States Related to adviser: No

Custodian INTERBANK FORT WORTH, Texas, United States Related to adviser: No

Provider details

Annual audit: Yes
Prime brokers: No
Custodians: Yes
Administrator other than the adviser: Yes
External marketing: No

ERNST & YOUNG LLP
PCAOB 42

BANK OF AMERICA CORPORATION
LEI 9DJT3UXIJIZJI4WXO774

INTERBANK
LEI 549300T2PYPUFN0IWJ63

Fund details & source

Fund ID: 805-1250118501
Reported beneficial owners: 46
Minimum commitment: $0
Form D file number: 021-416121

Form ADV 2125907 · Sep 23, 2026 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

Services & filing details

Most recent filing: Sep 23, 2026. View historical filings

Reported services

Pooled investment vehicle management

Compensation

Percentage of assets · Fixed · Performance-based

Principal office

3230 CAMP BOWIE BLVD, SUITE 500
FORT WORTH, TX, 76107, United States

CRD 158397

Filing source

Form ADV 2125907 · Sep 23, 2026 · Items 1 & 5

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.