Investment adviser · CRD 300968

PRESERVATION EQUITY FUND ADVISORS, LLC

Investment adviser filing (IA)

IRVINE, CA, United States · Form ADV filed Mar 23, 2026

Regulatory AUM: $503M
Client accounts: 4
Employees: 11
Advisory professionals: 3

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	4	$502,879,532	100.0%

Filing source

Form ADV 2072150 · Mar 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

4 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.

WNC PRESERVATION EQUITY FUND 2, L.P.Real Estate Fund · Last reported Mar 23, 2026$223MGross asset value

Form D fundraising filings

WNC Preservation Equity Fund 2, L.P.

Auditor NOVOGRADAC AND COMPANY SAN FRANCISCO, California, United States

Custodian CITY NATIONAL BANK LOS ANGELES, California, United States Related to adviser: No

Marketer INTE SECURITIES LLC NEW YORK, New York, United States Related to adviser: No

Marketer WNC CAPITAL CORPORATION IRVINE, California, United States Related to adviser: Yes

Provider details

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

NOVOGRADAC AND COMPANY
PCAOB 474

INTE SECURITIES LLC
CRD 47107 · SEC 8-51667

WNC CAPITAL CORPORATION
CRD 36174 · SEC 8-47101

Fund details & source

Fund ID: 805-6111962512
Reported beneficial owners: 14
Minimum commitment: $1M
Form D file number: 021-378508

Form ADV 2072150 · Mar 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.

PEF PRESERVATION EQUITY FUND 3, L.P.Real Estate Fund · Last reported Mar 23, 2026$210MGross asset value

Auditor NOVOGRADAC AND COMPANY SAN FRANCISCO, California, United States

Marketer INTE SECURITIES LLC NEW YORK, New York, United States Related to adviser: No

Provider details

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

NOVOGRADAC AND COMPANY
PCAOB 474

INTE SECURITIES LLC
CRD 47107 · SEC 8-51667

Fund details & source

Fund ID: 805-2301162401
Reported beneficial owners: 17
Minimum commitment: $3M

Form ADV 2072150 · Mar 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.

WNC CALIFORNIA PRESERVATION EQUITY FUND, L.P.Real Estate Fund · Last reported Mar 23, 2026$46.1MGross asset value

Auditor NOVOGRADAC AND COMPANY SAN FRANCISCO, California, United States

Custodian CIT BANK, N.A. SANTA MONICA, California, United States Related to adviser: No

Marketer WNC CAPITAL CORPORATION IRVINE, California, United States Related to adviser: Yes

Provider details

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

NOVOGRADAC AND COMPANY
PCAOB 474

WNC CAPITAL CORPORATION
CRD 36174 · SEC 8-47101

Fund details & source

Fund ID: 805-6580037919
Reported beneficial owners: 6
Minimum commitment: $1M

Form ADV 2072150 · Mar 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.

PEF FREESTONE JV, L.P.Real Estate Fund · Last reported Mar 23, 2026$23.9MGross asset value

Auditor NOVOGRADAC AND COMPANY SAN FRANCISCO, California, United States

Custodian CAPITAL ONE BANK, N.A. MCLEAN, Virginia, United States Related to adviser: No

Marketer INTE SECURITIES LLC NEW YORK, New York, United States Related to adviser: No

Provider details

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

NOVOGRADAC AND COMPANY
PCAOB 474

INTE SECURITIES LLC
CRD 47107 · SEC 8-51667

Fund details & source

Fund ID: 805-6333527373
Reported beneficial owners: 2
Minimum commitment: $0

Form ADV 2072150 · Mar 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: Mar 23, 2026. View historical filings

Reported services

Pooled investment vehicle management

Compensation

Percentage of assets · Performance-based

Principal office

17782 SKY PARK CIRCLE
IRVINE, CA, 92614, United States

CRD 300968

Filing source

Form ADV 2072150 · Mar 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.