Tacora Capital Closes $685M Fund II to Fuel Asset-Based Lending in Tech-Enabled Sectors
Tacora Capital Management has successfully closed Tacora Capital Management Fund II with $685 million in commitments, significantly exceeding its initial $500 million target. The oversubscribed fund was raised in under nine months and builds on the momentum of the firm’s inaugural fund.
Fund II will continue Tacora’s asset-based private credit strategy, delivering bespoke, founder-friendly financing to high-growth, tech-enabled companies, particularly in sectors such as FinTech, InsurTech, PropTech, and LegalTech.
“We appreciate the continued support of our returning investors and are gratified that an expanding institutional investor base recognizes the opportunity and important role we play within the tech-forward, venture-backed ecosystem,” said Keri Findley, CEO and CIO of Tacora Capital Management. Findley launched the firm in 2021 following an eight-year tenure at Third Point.
Investor participation in Fund II includes a wide array of institutional backers, from endowments and foundations to pension plans, large RIAs, and family offices. Nearly all Fund I LPs returned, signaling strong confidence in the strategy and management.
Tacora focuses on loan sizes ranging from $10 million to $50 million, targeting companies that require flexible capital without diluting ownership. The firm sees a compelling opportunity ahead, citing macro trends such as tightening credit standards among regional banks, a rise in corporate restructuring activity, and the continued institutionalization of asset-based finance.
