Tioga Capital LLC, an Atlanta-based real estate investment firm, has closed its third fund, Tioga Partners III LP, with $80 million in total capital commitments.
The fund was oversubscribed and closed above its initial target of $60 million. Fund III looks to invest across the real estate capital structure targeting the Sun Belt region while pursuing the same investment strategy from its predecessor fund, Tioga Partners II LP. To date, Fund III has made investments across multi-family, single-family and commercial assets located in the Atlanta, Austin, Houston, Jacksonville and Pensacola metropolitan statistical areas (MSAs).
“The current environment has created disruption in the financial markets and a challenging time for real estate sponsors seeking capital,” comments John Bradner, Tioga director. “Fortunately, Tioga has capital available to invest across the capital stack and the experience to efficiently operate in a dislocated market.”