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Letters to Investors

Positive performance continues through first half of year

Strong fundamentals and continued operating rigor resulted in yet another quarter of positive returns across all three primary asset classes.

Featured

Letters to Investors

Outperformance amidst market uncertainty

Letters to Investors

The case for real estate in 2025

Onward Podcast

The guy behind the guy, with Scott Plank of Under Armour — Episode 50 of Onward

News

ServiceTitan completes successful IPO with 42% increase

Essential Reading

Past letters to our investors

Insights from our leadership team on portfolio performance, market outlook, and much more. View all

Positive performance continues through first half of year

Strong fundamentals and continued operating rigor resulted in yet another quarter of positive returns across all three primary asset classes.

Outperformance amidst market uncertainty

Strong operating performance resulted in generally positive returns for the first quarter of 2025 across real estate, credit, and venture capital.

Positive momentum through the quarter with rate cuts continuing to drive value

Strong operating performance continued across the portfolio with the majority of Funds delivering positive results.

The case for real estate in 2025

In our annual letter to investors, we discuss how falling interest rates over the course of the year kicked off what we expect to be an extended period of positive returns for real estate (and private markets more broadly), with the potential for even more positive tailwinds in 2025.

Positive second quarter results continue to build on momentum from earlier in the year

After a strong start to the year, continued momentum in property fundamentals led to another quarter of positive returns across the majority of the portfolio.

News

Updates, highlights, and announcements.

Portfolio update: Anthropic valuation triples in just six months

AI leader closes $13 billion fundraising round at a $183 billion valuation, making it one of the most valuable private companies in the world.

Ramp: The platform for modern finance teams

Earn $1,000 when you become a Ramp customer*

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Investing Education

Introductions, guides, analysis, and more.

The evolution of diversification: Why 50/30/20 is replacing 60/40 as the new model portfolio

Disruptions in public markets combined with new technology platforms, like Fundrise, are increasingly driving individual investors to invest in alternative assets, adopting a more institutional portfolio model of 50/30/20.

Build-for-rent: Real estate’s next major asset class

Communities of purpose built single family rental homes (build-for rent) have emerged as one of the fastest growing new product types in the real estate industry.

See all Investing Education

Onward Podcast

A Fundrise podcast, with CEO Ben Miller & guests

The guy behind the guy, with Scott Plank of Under Armour — Episode 50 of Onward

Scott Plank joins us to share what it really feels like to bet everything, lose big, win bigger, and keep moving forward.

Transcript: "The guy behind the guy, with Scott Plank of Under Armour"

A reader-friendly transcript of the audio from Episode 50 of Onward.

See all Onward Podcast

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