Global real estate investment and asset management firm Forum Partners and its portfolio company TSCG have launched TSCG Credit Opportunities I, LLC, a private credit fund seeking to raise up to $25 million from accredited investors. The fund also has the option to increase the maximum offering amount to $50 million.
TSCG is the sponsor and investment manager for the fund, and an affiliate of Forum Partners will oversee capital-raising efforts and investor relations.
The fund intends to utilize the proceeds to issue small-balance loans to current or returning TSCG retail clients seeking to increase property values through tenant improvements, leasing, and development efforts.
“Many of our retail clients have opportunities to improve their centers but have been underserved by the traditional sources of capital,” said Sam Latone, co-chief executive officer of TSCG, which manages more than $2 billion in assets across core, value-add, development, and debt allocation strategies. “As we help investors navigate an evolving retail landscape, we are excited to provide an opportunity to invest in a real estate private credit fund created to transform capital market challenges into unique lending opportunities.”
The minimum capital contribution is $25,000 and interests will be offered to accredited investors pursuant to Regulation D, Rule 506(c) under the Securities Act of 1933. Members shall be entitled to an annual 9% cumulative, non-compounding preferred return, which will be paid in cash monthly in arrears with an unlimited upside opportunity as a result of the fund’s unique waterfall structure.
TSCG is a vertically integrated commercial real estate investment and advisory firm with a 40-year history. With four distinct business segments, TSCG offers a full assortment of advisory services to tenants, landlords, developers and financial institutions, as well as bespoke investment opportunities to investors throughout the United States. TSCG said its ability to originate, underwrite, and service loans in-house is a significant competitive advantage for the firm. TSCG’s portfolio currently spans 62 national markets with 60 million square feet leased and/or managed, and more than 560 exclusive tenant assignments.
Since 2002, Forum Partners has deployed approximately $7.7 billion of capital across 24 countries and over 100 investments. Its operating companies and affiliates directly or indirectly own or manage over $14 billion of commercial real estate in the United States and worldwide.
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