Investor questions.

Silk City Capital LP is a private real estate equity fund focused on Paterson, New Jersey. Formed by Veloce Capital and Ania Management, the Fund invests in ground-up developments, value-add acquisitions, redevelopment opportunities, and stabilized residential, multifamily, and mixed-use assets. The partnership combines Veloce's capital markets and investment management expertise with Ania's vertically integrated development, construction, and property management platform. The Fund seeks to create value through strategic acquisitions, development, operational improvements, and long-term appreciation, targeting a 17–20% net IRR. Targets are not guaranteed, and interests are offered only to verified accredited investors under Rule 506(c).

Silk City Capital was formed by Veloce Capital and Ania Management. Veloce, led by CEO Surf Dinani, oversees Fund strategy, capital structuring, and investor relations. Ania, led by CEO Charles Florio, provides acquisition, development, construction, leasing, and property management services through its vertically integrated platform.

Accredited investors only. The offering is made under Rule 506(c) of Regulation D, and the Fund will take reasonable steps to verify each investor's accredited status before accepting a subscription.

$100,000.

The Fund has a 10-year term from final closing and targets a 17–20% net IRR. The General Partner aims to begin returning capital as early as year three, as investments are refinanced or sold and market conditions allow. Targets are not guaranteed, and distributions are made at the General Partner's discretion. The term may be extended by up to three years, and the investment period runs up to five years from final closing.

No. There are no withdrawals or redemptions, and transfers require the General Partner's consent. Interests are illiquid.

A 2% annual management fee, paid quarterly, and a 20% carried interest. Investors first receive back all capital they contributed for each realized investment, including capital used for Fund fees and expenses; profits are then split 80% to investors and 20% to the General Partner.

Distributions are made as investments are refinanced or sold, at the General Partner's discretion, and are not guaranteed.

Annual audited financial statements and Schedule K-1s.

Investors receive a Schedule K-1 each year. The Fund may use cost segregation and bonus depreciation on the stabilized properties it holds, which may offset taxable income from the Fund in early years. Investors may have state tax filing obligations in New Jersey, where the Fund's properties are located, and in their state of residence. Tax outcomes depend on your situation. Consult your own tax advisor.

Yes. Accredited investors can invest through a self-directed IRA (SDIRA). The IRA, not you personally, becomes the investor, so you will need a qualified custodian that allows private fund investments. The custodian holds the interest, signs the subscription documents on the IRA's behalf, and sends the investment from the IRA. The Fund may generate unrelated business taxable income (UBTI), which can create a tax for the IRA. Speak with your custodian and tax advisor before investing.

Residential, multifamily, and mixed-use real estate focused on Paterson, New Jersey, across four strategies: entitlements, ground-up construction, stabilized value-add, and fix-and-sell.

A target net IRR of 17–20% (net of fees and carried interest) and a target equity multiple of 1.6x. Targets are not guaranteed. They are hypothetical and based on the General Partner's assumptions, and actual results may differ materially.

Peapack Private Bank & Trust (banking), TIL Partners, PLLC (fund counsel), Verivest (administration), iCapital (investor verification), and Duner and Foote (audit and tax).

Existing investors log in at the investor portal.

Speak with our team at relations@silkcitycap.com or 201.786.6300, or start online (opens in a new tab): review the offering and subscribe through the investor portal. Every investor's accredited status is verified before a subscription is accepted.