Dune Real Estate Partners Lp
SEC-registered
Private Fund Manager · Mid-sized ($1B–$10B)
CRD 157455
· SEC file 801-73450
· New York, NY
· www.drep.com
☆ Save with Pro
ADV data as of Mar 27, 2026
- Regulatory AUM
- $1.6B
- Discretionary
- $1.6B
- Clients
- 25
- Avg AUM / client
- $63.5M
- Accounts
- 25
- Employees
- 26
AUM over time
$1.4B
$2.7B
Dec 2011
Dec 2025
Annual snapshots from Form ADV filings · as of Mar 27, 2026
Who they serve
| Client type | Clients | AUM | % of AUM |
|---|---|---|---|
| Pooled investment vehicles (non-investment companies) | 25 | $1.6B | 100.0% |
Private funds (23)
View all →Reported in Form ADV Section 7.B.(1), filing of Mar 2024 · $3.0B combined gross assets
| Fund | Type | Domicile | Gross assets | Owners |
|---|---|---|---|---|
| Dune Real Estate Fund Iv Lp master | Real Estate Fund | Delaware | $833M | 60 |
| Dref Iii 2022 Lp | Real Estate Fund | Delaware | $439M | 45 |
| Dref Iv International Feeder Ii Lp | Real Estate Fund | Delaware | $296M | 2 |
| Dref Iv Four106 Civ Lp | Real Estate Fund | Delaware | $204M | 5 |
| Dref Iv Blc Civ Lp master | Real Estate Fund | Delaware | $196M | 5 |
| Dref Iv Reit Fund Lp | Real Estate Fund | Delaware | $178M | 2 |
| Dref Iv International Fund Ii Lp | Real Estate Fund | Delaware | $170M | 2 |
| Dune Real Estate Fund Iii Lp | Real Estate Fund | Delaware | $162M | 85 |
| Dref Iv Nyip Civ Lp | Real Estate Fund | Delaware | $156M | 5 |
| Dune Real Estate Fund Ii Lp | Real Estate Fund | Delaware | $58.2M | 30 |
| Dref Iv International Feeder Iii Lp | Real Estate Fund | Delaware | $52.0M | 1 |
| Dune Real Estate Parallel Fund Ii Lp | Real Estate Fund | Delaware | $41.5M | 20 |
| Dref Iii International Feeder Lp | Real Estate Fund | Delaware | $36.7M | 3 |
| Dune Real Estate Partners Iv Eiv Llc | Real Estate Fund | Delaware | $32.0M | 10 |
| Dref Ii Na Fund Lp | Real Estate Fund | Delaware | $30.1M | 2 |
Retirement plan clients
Plans that reported this firm as an investment service provider on Form 5500 Schedule C.
| Plan | Location | Plan year |
|---|---|---|
| Jpmorgan Chase Retirement Plan Jpmorgan Chase Bank, National Association | 2024 |
People (7)
| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| Berk, Darren, Michael | Chief Financial Officer | Jan 2010 (17y) | Less than 5% | |
| Neidich, Daniel, Miller | Chief Executive Officer | Jan 2010 (17y) | Less than 5% | |
| Sherman, Michael, David | General Counsel | Feb 2010 (17y) | Less than 5% | |
| Buckley Marakovits, Cia, Connelly | President & Chief Investment Officer | Jan 2013 (14y) | ≈ 7.5% – 25% via Tls Investments Llc | |
| Brenton, Julie, Ann | Head Of Investor Relations & Executive Vice President | Jan 2016 (11y) | Less than 5% | |
| Greeno, Aaron, Matthew | Head Of West Coast & Executive Vice President | Jul 2020 (6y) | ≈ 3.75% – 10% via Amg Dre Investments Llc | |
| Golik, Michael, Shawn | Chief Compliance Officer | Mar 2024 (2y) | Less than 5% |
Entity owners (Schedule A/B)
| Entity | Title / status | Since | Sch. | Ownership |
|---|---|---|---|---|
| Jsm Investments Llc | Limited Partner | Jul 2009 | A | 50% – 75% |
| Tls Investments Llc | Limited Partner | Jan 2013 | A | 10% – 25% |
| Amg Dre Investments Llc | Limited Partner | Jan 2023 | A | 5% – 10% |
| Dune Real Estate Manager Llc | General Partner | Jul 2009 | A | Less than 5% |
| The Daniel M. Neidich Revocable Trust | Member | Jan 2023 | B | ≈ 0% – 5% via Dune Real Estate Manager Llc |
Undisclosed: 0% – 35% of the firm is not attributable from the filed Schedule A bands.
Estimated effective ownership (look-through of filed bands):
- Buckley Marakovits, Cia, Connelly: 75% – 100% of Tls Investments Llc × 10% – 25% direct ≈ 7.5% – 25% of the firm
- Greeno, Aaron, Matthew: 75% – 100% of Amg Dre Investments Llc × 5% – 10% direct ≈ 3.75% – 10% of the firm
- The Daniel M. Neidich Revocable Trust: 75% – 100% of Dune Real Estate Manager Llc × 0% – 5% direct ≈ 0% – 5% of the firm
Roster from the IAPD representatives feed; ownership and acquisition dates from Form ADV Schedule A/B. "Since" is the earliest filed registration or acquisition date.
Private funds (23, $3.0B gross assets)
| Fund | Type | Gross assets | Min. investment | Owners |
|---|---|---|---|---|
| Dune Real Estate Fund Iv Lp | Real Estate Fund | $833M | $5.0M | 60 |
| Dref Iii 2022 Lp | Real Estate Fund | $439M | $5.0M | 45 |
| Dref Iv International Feeder Ii Lp | Real Estate Fund | $296M | $5.0M | 2 |
| Dref Iv Four106 Civ Lp | Real Estate Fund | $204M | $100K | 5 |
| Dref Iv Blc Civ Lp | Real Estate Fund | $196M | $5.0M | 5 |
| Dref Iv Reit Fund Lp | Real Estate Fund | $178M | $5.0M | 2 |
| Dref Iv International Fund Ii Lp | Real Estate Fund | $170M | $5.0M | 2 |
| Dune Real Estate Fund Iii Lp | Real Estate Fund | $162M | $5.0M | 85 |
| Dref Iv Nyip Civ Lp | Real Estate Fund | $156M | $5.0M | 5 |
| Dune Real Estate Fund Ii Lp | Real Estate Fund | $58.2M | $5.0M | 30 |
| Dref Iv International Feeder Iii Lp | Real Estate Fund | $52.0M | $5.0M | 1 |
| Dune Real Estate Parallel Fund Ii Lp | Real Estate Fund | $41.5M | $5.0M | 20 |
| Dref Iii International Feeder Lp | Real Estate Fund | $36.7M | $5.0M | 3 |
| Dune Real Estate Partners Iv Eiv Llc | Real Estate Fund | $32.0M | $5.0M | 10 |
| Dref Ii Na Fund Lp | Real Estate Fund | $30.1M | $5.0M | 2 |
| Dref Iii International Fund Lp | Real Estate Fund | $28.1M | $5.0M | 5 |
| Dune Real Estate Partners Iii Eiv Llc | Real Estate Fund | $17.0M | $5.0M | 15 |
| Dref Ii International Fund Lp | Real Estate Fund | $14.5M | $5.0M | 2 |
| Dref Iv Sr Civ Lp | Real Estate Fund | $13.6M | $50.0K | 15 |
| Dref Iii Lv Civ Lp | Real Estate Fund | $1.5M | $5.0M | 1 |
| Dune Real Estate Fund Lp | Real Estate Fund | $909K | $5.0M | 100 |
| Dune Real Estate Parallel Fund Lp | Real Estate Fund | $467K | $5.0M | 25 |
| Dref Ii Civ I Lp | Real Estate Fund | $146K | $100K | 15 |
From Form ADV Section 7.B private fund reporting.
Retirement plans served (1)
| Plan | Sponsor | Participants | Plan assets | As of |
|---|---|---|---|---|
| Jpmorgan Chase Retirement Plan | Jpmorgan Chase Bank, National Association | 78,270 | $16.1B | 01/01/2024 |
From Form 5500 service-provider disclosures.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 03/27/2026 | 5.9 MB | View · PDF · Source ↗ |
Archived copies of the firm's regulatory filings, versioned by content hash.
Disciplinary disclosures
No disciplinary events reported on the firm's latest Form ADV filing.
How they charge
- • Percentage of assets under management
- • Performance-based fees
Services
- • Portfolio management for pooled investment vehicles
Custody
Firm reports having custody of client funds or securities (Item 9.A).
No custodian data reported or mined yet.
Source
All data on this page comes from this firm's Form ADV filings, reproduced without modification. Latest filing: Mar 27, 2026.
View current Form ADV (SEC/IAPD) ↗