TSCG Credit Opportunities I Makes Preferred Equity Investment in Mississippi Development
TSCG Credit Opportunities I, LLC, a private credit fund managed by TSCG and co-sponsored by Forum Partners, has closed a preferred equity investment in a new ground lease development in Ocean Springs, Miss.
The site is slated to become the future location of a well-known national coffee chain and is projected to open within the next 12 months. The investment will provide the developer with the capital necessary to finalize the site acquisition and proceed with subsequent development.
“The combination of an established national tenant and a compelling ground lease structure aligns well with our credit strategy,” said Sam Latone, co-chief executive officer of TSCG, a commercial real estate investment and advisory firm. He added that the firm anticipates this transaction will act as a “catalyst for a pipeline of future opportunities” with the developer.
TSCG Credit Opportunities I, which launched in October 2024 and sought to raise $25 million from investors, focuses on issuing small-balance loans to clients looking to drive property value through tenant improvements, leasing, and development initiatives.
Russell Platt, CEO of Forum Partners, emphasized the importance of flexible capital and disciplined underwriting in the current market environment. “We believe this investment reflects the type of opportunity that can emerge during periods of market transition,” said Platt, noting that the fund aims to deploy capital thoughtfully toward assets with attractive risk-adjusted potential.
Located on Mississippi’s Gulf Coast just east of Biloxi, Ocean Springs is recognized as a premier coastal destination. The city is known for its historic tree-lined downtown and active arts community, featuring a variety of shops, restaurants, art galleries, and bars.
TSCG and Forum Partners established their strategic partnership in 2022 to co-manage TSCG Credit Opportunities I, LLC. Under this arrangement, TSCG serves as the fund’s sponsor and investment manager, while an affiliate of Forum Partners, a global investment manager focused on investing in real assets and real estate companies, manages investor relations and capital-raising efforts.
In October 2025, AltsWire reported that the fund completed an early exit from a preferred equity investment in a Dyersburg, Tenn., triple net leased retail development. The 25,000-square-foot asset is approximately 70 miles northeast of Memphis.
Forum’s portfolio of operating companies and affiliates directly or indirectly own or manage over $14 billion of commercial real estate in the United States and worldwide.
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