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Real Estate Investment Firms / STERLING BAY CAPITAL ADVISERS, LLC
SEC Form ADV profile

STERLING BAY CAPITAL ADVISERS, LLC

Real estate private fund disclosures for an investment manager based in CHICAGO, IL. Latest included filing submitted 2026-07-31.

$141 millionreported non-feeder gross assets
12reported real estate funds
12funds not marked fund-of-funds
100%report an annual audit

What the filing shows

STERLING BAY CAPITAL ADVISERS, LLC reports 12 U.S.-organized real estate funds and 12 real estate funds across all reported jurisdictions. None are marked as fund-of-funds.

Positive minimum commitments reported across these funds range from $25 thousand to $100 thousand. That figure is what a fund reports routinely requiring from outside fund investors. It is not the manager's property investment check size.

Reported real estate funds

Sorted by gross asset value. Gross assets are reported by the manager and can overlap across master, feeder, parallel, and related fund structures.

FundOrganizedGross assetsInvestor minimumOwnersAnnual audit
STERLING BAY CAPITAL PARTNERS IV, LP805-6135625323Delaware$31.9 millionNot reported4Yes
STERLING BAY CAPITAL PARTNERS III, LP805-7912669647Delaware$28.9 millionNot reported68Yes
SBCP II QUALIFIED PURCHASERS, LP805-7998761654Delaware$22.6 millionNot reported73Yes
STERLING SCIENCE PARTNERS, LLC805-2629973891Delaware$21.7 million$100 thousand12Yes
STERLING BAY CAPITAL PARTNERS I, LLC805-5934388825Delaware$16.0 million$100 thousand29Yes
345 N. MORGAN PARTNERS, LLC805-4291606902Delaware$8.0 millionNot reported18Yes
STERLING SCIENCE PARTNERS PA, LLC805-1394638788Delaware$4.5 millionNot reported4Yes
STERLING BAY CAPITAL PARTNERS II, LP805-8244787935Delaware$4.5 millionNot reported56Yes
CHICAGO KINGSBURY MANAGER, LLC805-6415771317Delaware$1.4 millionNot reported7Yes
SBCP III - AI, LP805-3105810481Delaware$699 thousandNot reported26Yes
300 N MICHIGAN PARTNERS, LLC805-7496480351Delaware$301 thousand$25 thousand274Yes
1899 PENN MANAGER, LLC805-4180312673Delaware$103 thousand$25 thousand12Yes

Source and limits

Source: SEC Investment Adviser Public Disclosure, Form ADV. Firm status checked 2026-08-20. Fund detail through 2026-07-31. CRD 172242, SEC 801-107267.

Form ADV is a regulatory disclosure, not a live deal mandate. It does not report property type, target geography, current fundraising status, available capital, or whether a manager accepts unsolicited proposals. Contact the firm and review current offering documents before relying on any figure.

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Educational only. Not financial, legal, investment, or tax advice. Big Brain Funding is not an investment adviser, broker-dealer, placement agent, lender, or broker of record. This profile is not an endorsement, recommendation, securities offering, or statement that the firm is available for a transaction.