Tioga Capital LLC, a private real estate investment firm, has closed Tioga Partners II LP with total capital commitments of approximately $60 million. The fund will continue Tioga’s investment approach across the commercial and residential real estate sectors, primarily in the Southeastern United States.
Tioga’s managing partner, Paxton Griffin said, “We are grateful for the support from and confidence of the Fund’s Limited Partners, and believe Tioga Partners II, LP is well-positioned to capitalize on our firm’s history of sourcing, structuring and executing investments across the real estate capital structure. We are encouraged by the early investment activity in the Fund and expect to take advantage of market dislocations and opportunities that are unfolding in areas where we have developed expertise.”
John Bradner, a director at Tioga, added, “Our access to discretionary capital allows us to move quickly on attractive opportunities and gives us the flexibility to opportunistically invest as equity, preferred equity or debt. We are excited about the prospects for the Fund, particularly given the opportunities created by the long-term growth outlook in the Sun Belt.”