Ibis Capital, LLC is an investment management firm founded by Kevin Van Hoesen in 2026 and based in Eagle, Idaho. The firm specializes in alternative real estate and real asset opportunities across eight primary asset classes, including medical office buildings, industrial real estate, self-storage, multifamily housing, senior housing, student housing, car washes, and structured debt. Ibis Capital primarily serves institutional investors such as small to mid-sized insurance companies, family offices, endowments, and foundations, though it may selectively accept qualified high-net-worth individuals. The firm offers three distinct service models: commingled fund management through Ibis Capital Fund I, dedicated special purpose vehicles for individual institutional investors, and allocation advisory services providing guidance on alternative investment strategies. Ibis Capital co-invests alongside experienced, institutional-quality operators in individual transactions rather than operating as a fund-of-funds. The firm operates with a strong focus on risk management, utilizing a multi-stage due diligence process, concentration limits, and structural protections like preferred returns where performance-based compensation applies. Ibis Capital currently manages $0 in regulatory assets as a newly registered firm.
Fee Structure
Ibis Capital manages alternative real estate portfolios and charges fees depending on the vehicle you choose:
- Commingled Fund — 1.5% per year based on deployed capital, plus a 20% share of profits after investors receive an 8% preferred annual return.
- Dedicated Special Purpose Vehicle — 2.0% per year based on deployed capital.
Management fees are calculated quarterly and deducted directly from the investment assets. Minimum investment requirements are $2,500,000 for the commingled fund and $5,000,000 for a dedicated special purpose vehicle.