For Family Offices & Institutional Investors

Local Salsa Access Fund I

A Delaware-domiciled, operator-led fund combining real estate and early-stage operating companies, offered to accredited investors under Rule 506(c).

We build concentrated, high-conviction positions in assets where our operating team can materially improve outcomes, while maintaining institutional standards for governance, reporting, and risk control.

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General Partner

Who We Are

Local Salsa Access Fund I is managed by a multi-entity General Partner structure designed to align operating expertise, governance, and capital.

Management Entities

Local Salsa Company, Inc. (Oregon C-Corp)
Operating partner for consumer, CPG, and activation-ready ventures, providing brand development and go-to-market execution.

Strategic Growth Management LLC (Oregon LLC)
Real estate underwriting, acquisition, development, and asset management.

Cascade Management LLC (Wyoming LLC)
Fund governance, compliance support, and structural oversight.

Alignment of Capital

The General Partner commits at least 2% of total committed capital, fully at risk and invested on the same economic terms as Limited Partners, excluding carried interest.

Capital is contributed pro rata across the GP entities, reinforcing long-term alignment with the Fund’s LP base.

Principals

Managing Director

Stuart Hicks

Stuart has more than twenty years of operating and investment experience across real estate development, consumer products, and early-stage ventures. He has led or co-led over $2B in real estate execution, including resort and master-planned communities, and has been directly involved in the launch and growth of consumer brands that achieved national distribution and significant equity value creation.

Stuart oversees investment decisions, underwriting standards, and operational governance for the Fund.

Managing Director

Peter Thomas

Peter brings cross-sector operating experience spanning technology, services, and capital-intensive businesses. He focuses on fund structure, compliance, and portfolio governance, and serves as a key member of the Investment Committee.

Peter contributes to valuation, due diligence, and ongoing portfolio monitoring with an emphasis on disciplined, risk-aware growth.

Fund Structure

What You Are Buying

Local Salsa Access Fund I is a Delaware-domiciled private investment partnership offered pursuant to Regulation D, Rule 506(c). The Fund combines a real estate sleeve with a diversified, operator-led portfolio of consumer and frontier ventures.

Key Terms

Domicile: Delaware Limited Partnership

Offering: Reg D Rule 506(c), accredited investors only (verification required)

Target Fund Size: $25M

First Close Target: $10M

Minimum Commitment: $100,000

Fund Term: 5 years + two 1-year extensions

Sleeve Structure

Real Estate Sleeve (~60%)
Led by Strategic Growth Management LLC, focused on land development, residential, hospitality, and income-producing assets with strong collateral and downside protection.

Operating Companies Sleeve (~40%)
Focused on consumer/CPG brands and frontier ventures where the GP has direct operating leverage and activation capability.

Prior GP operating history is illustrative of the team’s experience and does not represent current Fund performance.

Strategy & Allocation

How Capital Is Deployed

The Fund targets assets where hands-on operating involvement can create value, while maintaining conservative real estate exposure and disciplined position sizing across operating companies.

Allocation 60% Real Estate 25% CPG 15% Frontier
Real Estate – 60%
Consumer / CPG – 25%
Frontier & Activation – 15%

Real estate provides collateralized downside protection and current or near-term yield, while the operating sleeve offers equity upside in brands and ventures where the GP has direct influence on results.

Portfolio Construction

The Fund targets 10–15 core positions, with disciplined limits on single-asset exposure and sector concentration.

60% Real Estate 25% CPG 15% Frontier

Target allocations are guidelines only. Actual allocations may vary over time based on opportunity set and market conditions.

GP Track Record (Illustrative)

Selected Prior Projects

The following examples highlight prior projects led or co-led by members of the GP team. These are not assets of Local Salsa Access Fund I, but they illustrate the team’s operating history and investment approach. Past performance is not indicative of future results.

Asset / Company Sector Role Stage Realized / Ongoing Return Profile (Illustrative)
Resort Lodge & Master-Planned Community Real Estate Launch, Marketing, Sales, Ops Pre-Development to Stabilization Realized Strong equity multiple; multi-year cash generation
National Outdoor Consumer Brand Consumer / CPG Launch Architecture, Channel Strategy Early Growth Realized Significant value creation through scaling and strategic exit
Digital Marketing & SaaS Platform Technology Go-to-Market & Growth Strategy Growth Realized High multiple on invested capital through sale/liquidity event
Selective Residential / Land Development Real Estate Acquisition, Entitlement, Disposition Value-Add Ongoing / Realized Targeting double-digit IRRs with downside protection via land value
The transactions described above were executed outside of the current Fund structure and do not represent the performance of Local Salsa Access Fund Series I, L.P.
Risk & Governance

Risk Framework

The Fund is built on simple principles: conservative leverage, disciplined underwriting, and clear boundaries on concentration and governance. We assume that things can go wrong and plan accordingly.

Underwriting Standards

Real Estate: Max 65% LTV at acquisition, multiple exit strategies, and clear collateral value under stressed assumptions.

Operating Companies: Evidence of demand, unit economics clarity, and a defined role for GP involvement in improving outcomes.

All investments are subject to financial modeling, sensitivity analysis, and qualitative risk review.

Concentration & Leverage

Single-Position Limit: Max 20% of total committed capital in any one position.

Sector Limits: Max 40% in any single category within the operating sleeve; max 10% in any single frontier-technology exposure.

No fund-level leverage is used. Asset-level leverage is applied selectively and conservatively.

Risk Matrix (High-Level)

Low Likelihood
Moderate Likelihood
Higher Likelihood
Low Impact
Operational variance
Minor delays or cost overruns with limited effect on Fund performance.
Pipeline shifts
Replacing deals before commitment; managed via pacing and IC discipline.
Timeline extensions
Longer hold periods; managed via term extensions and liquidity planning.
Moderate Impact
Diligence findings
Walk-away decisions before capital deployment; part of normal process.
Market softening
Lower exit valuations; managed through conservative entry pricing and multiple exits.
Portfolio company underperformance
Managed via governance rights, staged capital, and position limits.
High Impact
Regulatory changes
Addressed via legal counsel and structural flexibility across jurisdictions.
Systemic shocks
Macro events affecting portfolios; mitigated with real-asset exposure and diversified sleeves.
Key-man / GP failure
Managed through key-man provisions, GP commitment, and LP governance rights.

No framework eliminates risk. The objective is to understand and price it, and to avoid exposures we cannot control or influence.

Reporting & Operations

How We Run the Fund

The Fund is structured to provide institutional-grade transparency and controls while maintaining the speed and focus of an operator-led platform.

Administration & Audit

An independent fund administrator maintains capital accounts, issues contribution and distribution notices, and supports waterfall and performance calculations.

An independent audit firm reviews annual financial statements. K-1s are targeted for delivery by March 31.

Governance & LP Rights: Investment Committee with defined voting rules; LPAC structure for key decisions; key-man protection requiring GP continuity and clear successor authority; removal provisions allowing LPs to remove the GP for cause under defined standards.

Reporting Cadence

Quarterly: Capital account statements, portfolio summary, and asset-level commentary.

Annually: Audited financial statements, tax reporting, and an annual investor meeting (virtual or in-person).

Material developments are communicated on an as-needed basis.

LP Portal & Data Room

A secure online portal provides access to offering documents, quarterly and annual reports, financial statements, and key transaction-level information.

Qualified investors may request detailed materials via the Data Room, subject to approval and NDA.

Next Step

Request Access & Begin Diligence

For family offices, institutions, and accredited investors interested in Local Salsa Access Fund I, we provide a structured diligence process, including full offering documents, portfolio construction details, and GP background materials.

Please contact us to request Data Room access or to schedule an initial conversation with the General Partner.

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Disclaimer: Investments in the Fund are speculative, involve significant risks including possible loss of the entire investment, and are not insured by the FDIC or any other government agency.  Any investment opportunity will be made only through the Fund's official offering documents, which include important details about risks, fees, and restrictions.  [Review Full Disclosures]