Managers/Private equity/California/Breakthrough Properties

Breakthrough Properties

Breakthrough Properties is a private equity manager in Los Angeles, CA. It is registered with the SEC as an investment adviser with $2.7B in regulatory assets and 94 staff. It has 3 funds on file, the latest reported in October 2026.

Funds on file
3
Raised, all funds
$978.6M
Regulatory assets
$2.7B
Staff
94
Pension investors
None found
See the adviser's own filing →

Latest fund filing

Funds

DateFundTypeRaisedTarget
Oct 2026 Breakthrough Properties Growth Portfolio II, L.P. Private equity $280M Not given
Nov 2021 Breakthrough Properties Income Portfolio, L.P. Private equity $0 Not given
Aug 2021 Breakthrough Properties Growth Portfolio I, L.P. Private equity $698.6M Not given

Adviser record

RegistrationRegistered with the SEC as an investment adviser.
Regulatory assets$2.7B
Employees94
Clients12 private funds.
Control personsHanna Ackerman, Arie Belldegrun, Daniel Belldegrun, Rebecka Belldegrun, Lesley, Su-lu Chao, Daniel, William D'orazi.
Private funds11 private funds holding $2.6B in gross assets.

Private funds it reports

FundTypeGross assets
Breakthrough Properties Growth Portfolio I Real estate $2B
Breakthrough Properties Income Portfolio Real estate $361.5M
Allston Co-investment Feeder Vehicle Real estate $87.2M
Harel Allston Co-investment Real estate $49.5M
Tea Allston Co-investment Real estate $23.8M
DQP Allston Co-investment Real estate $22.1M
Maple Leaf Trinity Co-investment Real estate $21.7M
Jiaming Allston Co-investment Real estate $19.8M
Lsci Allston Co-investment Real estate $19.6M
D3C1 Allston Co-investment Real estate $10.2M
Breakthrough Properties Employee Feeder Fund I Real estate $0