ATLANTA–(BUSINESS WIRE)–Tioga Capital, LLC, an Atlanta-based, multi-strategy real estate investment firm, announced that it recently closed its third fund, raising $80 million in total capital commitments. The Fund, Tioga Partners III, LP (“Fund III”), was oversubscribed and closed above its initial target of $60 million.
Fund III will opportunistically invest across the real estate capital structure targeting the Sun Belt region while pursuing the same investment strategy utilized in its predecessor fund, Tioga Partners II, LP, a $60 million fund closed in 2021. Limited partners in Fund III include family offices, foundations, and registered investment advisors.
Tioga’s Managing Partner Paxton Griffin said, “We are grateful for the strong support of our returning and new investors who have shown confidence in our investment approach and performance.”
To date, Fund III has made investments across multi-family, single-family, and commercial assets located in the Atlanta, GA, Austin, TX, Houston, TX, Jacksonville, FL and Pensacola, FL MSAs. Through Fund III and other co-investment vehicles, Tioga’s target investment size remains between $5 and $30 million.
Tioga Director John Bradner added, “The current environment has created disruption in the financial markets and a challenging time for real estate sponsors seeking capital. Fortunately, Tioga has capital available to invest across the capital stack and the experience to efficiently operate in a dislocated market.”
About Tioga Capital
Tioga Capital, LLC is a privately held real estate investment firm based in Atlanta, GA that invests across multiple real estate asset types and capital structures primarily in the Sun Belt region. Investors include family offices, charitable foundations, and registered investment advisors. For more information, please visit www.tiogacap.com.