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Alternative Assets  + Real Estate  |  October 26, 2023
Tidewater Beats $200M Target for 3rd Bay Area Fund
Joe Palmisano
By: Joe Palmisano

Tidewater Beats $200M Target for 3rd Bay Area Fund

Tidewater Capital, a San Francisco-based real estate investor and developer focused on the Bay Area, has surpassed its initial $200 million target in equity commitments for its third discretionary fund (TC Fund III), with a $250 million cap.

Tidewater will pursue investments in a variety of property types and execute business strategies for renovation and repositioning, as well as select entitlement and ground-up development opportunities.

“With TC Fund III, we look forward to continuing to invest in our core product types of residential, industrial, and office, while also exploring select opportunities across niche asset classes as we’ve done historically,” said Ross Stackhouse, principal. “We will target value-add returns while exploring core plus opportunities with unique avenues to upside and select development opportunities with strong downside protection.”

Previous Tidewater investment vehicles have financed a variety of Bay Area initiatives.

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Tidewater Capital

About Joe Palmisano

Joe Palmisano is editorial director of Connect Money, where he oversees daily coverage of alternative assets, direct investments, financial advisory and the economy. He brings three decades of experience as a financial journalist, analyst and portfolio manager. Before joining Connect Money, Palmisano wrote for The Wall Street Journal, covering foreign exchange, global fixed-income and equity markets. He later served as a senior research analyst and portfolio manager, producing market analysis and managing foreign exchange and U.S. equity portfolios for FX Concepts. His work has also appeared in SFO Magazine and CMT Association publications. Palmisano earned a bachelor’s degree in finance from The American University and holds the Chartered Market Technician (CMT) designation and is a member of the CFA Institute.
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