Form D · Other Investment Fund

Kawa CRE Master Fund I, LLC

Wilmington, DE · CIK 0001941914

Offering snapshot reported Jun 2, 2026 · SEC filing

Reported sold: $29M
Investors reported: 25
Minimum accepted: $250K
First sale: Sep 30, 2022

Fundraising history

Reported sold

Dates are filing dates, not cash receipt dates. Decreases are reported revisions, not evidence of withdrawals. Separate offering histories are not added together.

What changed?

Latest filing versus its linked predecessor, where available.

No comparable changes in the displayed metrics.

Filing history

Scroll to see all columns →

Filed	Filing type	Reported sold	Change vs linked filing	Investors	Source
Jun 2, 2026	Amendment	$28,975,000	$0vs Oct 13, 2022	25	SEC filing
Oct 13, 2022	Initial	$28,975,000	No comparison	25	SEC filing

Offering details

Securities: Pooled investment fund
Exemptions: 06b, 3C, 3C.5
Duration over one year: No
Business combination: No

Sales commissions: $0
Finders' fees: $0
Form D file number: 021-461684

Sales compensation recipients

Scroll to see all columns →

Recipient	CRD	Associated broker-dealer
BTG Pactual US Capital, LLC	149486	BTG Pactual US Capital, LLC · CRD 149486

Source: Form D, filed Jun 2, 2026. Minimum accepted may differ from a standard advertised minimum.

Fund connections

The linked fund shows its most recently reported ADV details.

Matched by reported Form D file number

KAWA CRE MASTER FUND I, LLC

Investment adviser: KAWA CAPITAL MANAGEMENT, INC.

Gross asset value: $190M
Beneficial owners: 181
ADV minimum commitment: $250K

Reported in Form ADV on Mar 31, 2026. Fund assets and beneficial owners measure different things from Form D sales and investors.

Service providers

Fund administrator ZEDRA FUND SERVICES (CURACAO) NV WILLEMSTAD, Curacao Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor PRICEWATERHOUSECOOPERS LLP MIAMI, Florida, United States

Custodian CITY NATIONAL BANK OF FLORIDA MIAMI, Florida, United States Related to adviser: No

Custodian SAFRA NATIONAL BANK OF NEW YORK NEW YORK, New York, United States Related to adviser: No

Custodian WOODFOREST NATIONAL BANK THE WOODLANDS, Texas, United States Related to adviser: No

Marketer BTG PACTUAL US CAPITAL, 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: Yes
External marketing: Yes

PRICEWATERHOUSECOOPERS LLP
PCAOB 238

CITY NATIONAL BANK OF FLORIDA
LEI GDN5JXQ4P5NZE28ZRC90

SAFRA NATIONAL BANK OF NEW YORK
LEI 8HWWA59ZS6Z54QLX6S15

WOODFOREST NATIONAL BANK
LEI 549300RX3OHHKBC2EQ32

BTG PACTUAL US CAPITAL, LLC
CRD 149486 · SEC 8-68148

Filing source

Form ADV 2036228 · Mar 31, 2026 · Schedule D 7.B.(1), fund 805-9867689925

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

People & organizations

Current and past Form D appearances. These existing records do not establish a person's current role or uniquely identify them across issuers.

People and organizations reported in Form D filings
Name	Reported role
Daniel Ades	Executive

Issuer details

Industry: Pooled Investment Fund (See others in industry)

Address:

1209 Orange St.
Wilmington, DE, 19801