Forum Partners, TSCG Launch Private Credit Fund
Forum Partners, a real estate investment and asset management firm, and its portfolio company TSCG, launched its first private credit fund, TSCG Credit Opportunities I, LLC, aiming to raise up to $25 million from accredited investors, with the option to increase the offering to $50 million.
The fund intends to issue small-balance loans to current or returning TSCG clients seeking to increase property values through tenant improvements, leasing and development efforts.
The minimum capital contribution is $25,000. Members will 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 given the fund’s unique waterfall structure.
“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-CEO of TSCG.
TSCG and Forum Partners formed a partnership in 2022. They co-manage and co-sponsor TSCG Credit Opportunities I, LLC. TSCG is the sponsor and investment manager for the fund, and an affiliate of Forum Partners will oversee capital-raising efforts and investor relations.
Since its founding in 2002, Palm Beach, FL-based Forum has deployed about $7.7 billion across 24 countries and over 100 investments. The company’s portfolio of operating companies and affiliates directly or indirectly own or manage over $14 billion of commercial real estate globally.
