Tips or Recommendations to find an PE investor/firm with 100MM+ liquid for value-add/opp investment opportunity.
I’m a value-add/opportunistic syndicator whose market cap on individual deals is usually between 1-5 million. 

I have a source that can place a STNL credit (Fortune 100, AAA credit, recession-proof) in about 60-100 properties across a state. 

I’ve done 3 deals and have successfully executed a BTS agreement with his corporation, now we are looking to scale. 

Because he can place a significant amount of leases, I’m looking for options of PE money to discuss a potential deal. The deals have limited risk (we get an executed corporate guaranteed lease before we close on acquisition), I do all the work, and a levered ROI of 200-300% after 12-18 month hold. 

Any recs, or anyone with experience on how to structure this type of deal? My ‘source’ is looking for a profit split without having to contribute equity. Essentially a referral fee. What is a reasonable % for him to ask?

Thanks all.
[{"id": "f7ik2ie", "text": "I have access to this type of money and we are actively pursuing this strategy now. \n\nI will PM you.", "replies": [{"id": "f7iniyo", "text": "You the guy from yesterday? Did this actually just happen or did you create multiple throwaways to prove a point?", "replies": [{"id": "f7ioafr", "text": "No.... what was the other one?", "replies": [{"id": "f7jau69", "text": "Not buying it.", "replies": [], "depth": 4}], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "f7imedq", "text": "&gt; (Fortune 100, AAA credit, recession-proof) \n\nBy what risk metric(s) are these companies rated? Recession-proof to me means \"anti-fragile\" so how do they determine this?", "replies": [{"id": "f7irsfm", "text": "Moody\u2019s, S&amp;P, Fortune Magazine. \n\nIt is recession proof due to the industry, type of use, and specific tenant. Obviously I\u2019m being intentionally vague here, at the expense of transparency. You\u2019ll have to just accept it at face value.", "replies": [], "depth": 2}, {"id": "f7j7v25", "text": "I'm guessing its Chase based on the credit rating, number of planned locations in a single state and what I have heard about their expansion plans in my own state.", "replies": [], "depth": 2}], "depth": 1}, {"id": "f7ixb6i", "text": "How long with the lease term with the IG rated tenants be?", "replies": [{"id": "f7iy07m", "text": "10 year, 3 5-year options. \n\nThey put in a lot of TI as well, very specialized use. Once placed, unlikely to walk at renewal.", "replies": [{"id": "f7iysge", "text": "did these IG rated tenants just occupy their spaces recently or have they been in their spaces for a while?", "replies": [{"id": "f7iz1sm", "text": "Their leases are rolling off on their current locations, looking for new sites.", "replies": [{"id": "f7iznzb", "text": "industrial?", "replies": [], "depth": 5}], "depth": 4}], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "f7jh1fo", "text": "Does this have anything to do with wireless?", "replies": [], "depth": 1}, {"id": "f7jh4nw", "text": "Referral fee for this type of volume comes off as shady because he will make a lot of money up front and there still is credit risk and risk of not getting quality real estate that could easily be rentenanted or have uses other than for this business If he believes in the tenant himself and real estate  I\u2019d ask for ownership equity in the entity that will own the properties. He can have a profit split as they cash flow and an even bigger incentive on the back end when they sell.", "replies": [{"id": "f7jn11j", "text": "I think we\u2019re ok structuring it based on back end disposition. Doesn\u2019t have to be up-front. \n\nThe tenant is strong, and the real estate play is real. \n\nThanks for the help.", "replies": [{"id": "f7jnndf", "text": "What\u2019s the term of the leases, average capital outlay per location (land or structure + buildout), square footage, lease structure (preferably NNN)? Is this a use where the real estate is not financeable or are you looking for $100m cash to then put down $35-40% equity on each deal?", "replies": [{"id": "f7joc9p", "text": "10 year base term, 3 five-year options. \n\nI would say approx 3-5M market cap per property. Perhaps more, depending on size. The SF is 10k+ per property. \n\nWe certainly can/will anticipate financing, at the terms you suggested. 35-40% down, the 100M cash will allow us to place all deals. \n\nThe use is not niche. The real estate will be valuable without the leasehold interest. But the lease certainly takes it to another level.", "replies": [], "depth": 4}], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "f7l1r9q", "text": "Last week, I launched a mobile app to make it easier to network with people based on their investment criteria: [targets.towerhunt.com](https://targets.towerhunt.com). It's specifically designed for commercial real estate investment (not leasing), and it's searchable.\n\nYou could post a targets link from the app in this thread. People with matching capabilities can follow your targets, which then allows you to stay in touch about deal opportunities. Please give it a try and ask any questions you'd like.", "replies": [], "depth": 1}]