Welcome back to The Deal Scout, where host Susan Reilly uncovers the hidden stories behind fascinating investment strategies. In this episode, meet Alice Chen—private equity fund manager, serial entrepreneur, and expert in land development as a real estate growth strategy.

What You’ll Learn in This Episode:

How Alice’s early academic journey from pre-med to law shaped her disciplined investment approach

Why her entrepreneurial background—including multiple exits—made her uniquely suited for private equity

The story of her toughest business challenge and what it taught her about partnerships

What land development really involves, and why her fund focuses on entitlement and horizontal development

How her team evaluates operators, builds partnerships, and makes capital deployment decisions

The key metrics and due diligence steps they follow in evaluating land-based projects

Why the U.S. has a 4.8 million single-family home deficit—and how Alice’s fund is working to fill that gap

Target investor returns, fund structure, and who qualifies to invest

About the Fund:
Alice and her team manage a land development real estate fund focused on high-demand areas across the U.S. By partnering with top-tier land developers and national homebuilders like D.R. Horton and Lennar, they convert raw land into finished home lots. With a three-year time horizon, accredited investors can expect a target IRR of 25–27% and a 1.75–1.81x equity multiple. Minimum investment: $100,000.

Who Should Watch This Episode:

Accredited investors seeking alternative real estate strategies

Aspiring fund managers looking for insight into what it takes to run a PE fund

Entrepreneurs exploring exits and capital allocation

Anyone interested in how raw land becomes housing infrastructure in the U.S.

Want to Learn More or Connect with Alice?
Click the link in the description or visit the show notes to get in touch directly with Alice Chen and explore investment opportunities.

Are You Working on a Deal Worth Sharing?
If you’d like to be featured on The Deal Scout, reach out to host Susan Reilly at susan@thedealscout.com or click the link below.

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