Bison Investment Advisors is a privately owned, SEC-registered investment adviser headquartered in The Woodlands, Texas. It considers real estate among alternative asset classes within a strategy that blends multiple types of investments. The firm had $157.5 million in discretionary assets under management as of December 31, 2025, and also serves as general partner of a private investment partnership. Its family-office-style approach balances non-traded assets with cash-flow generation and portfolio liquidity. For real estate sponsors, the distinguishing feature is this portfolio-level perspective: real estate sits alongside other alternatives, with cash flow and liquidity factored into the broader allocation.