Private real estate has a due diligence problem. LPs evaluating fund sponsors are largely working from pitch decks, GP-provided track records, and whoever they happen to know who's invested with that manager before.

Pat Zingarella is building the infrastructure to fix that. Invest Clearly is a verified review platform for investment sponsors — a third-party layer where LPs who have actually invested with a GP can leave reviews. Not projections. Not marketing materials. The real investor experience: reporting quality, communication, whether the returns held. Pat came to the idea after nearly getting defrauded by someone influential in the real estate space and struggling himself to vet sponsors as an LP.

Matt sat down with Pat on the Value Add Strategy podcast to talk through what he built, why transparency in this space is so hard to find, and what serious investors should be asking before they commit capital.