TSCG Private Credit Fund Provides Preferred Equity for Tennessee Retail Development
TSCG Credit Opportunities I, LLC, a private credit fund co-managed and co-sponsored by global real estate investment and asset management firm Forum Partners and its portfolio company TSCG, announced that it has provided preferred equity to a triple net leased retail development in the Tennessee town of Dyersburg, approximately 70 miles northeast of Memphis.
TSCG Credit Opportunities I issues small-balance loans to clients seeking to increase property values through tenant improvements, leasing, and development efforts. The preferred equity investment has a 15-month term that will allow the developer to move forward with a 25,000-square-foot development.
“The fund leveraged TSCG’s vertically integrated platform to underwrite and approve the opportunity in a matter of weeks that enables the developer to begin onsite work,” said Sam Latone, co-chief executive officer of TSCG.
According to previous reporting by AltsWire, TSCG Credit Opportunities launched in December 2024 and sought to raise up to $25 million from accredited investors. The fund also has the option to increase the maximum offering amount to $50 million.
The minimum capital contribution is $25,000 and interests are offered to accredited investors pursuant to Regulation D, Rule 506(c) under the Securities Act of 1933. Members are entitled to an annual 9% cumulative, non-compounding preferred return, which will be paid in cash monthly in arrears with an unlimited upside opportunity as a result of the fund’s unique waterfall structure.
TSCG is a commercial real estate investment and advisory firm with a 40-year history. With six distinct business segments, TSCG offers a full assortment of advisory services to tenants, landlords, developers and financial institutions, as well as bespoke investment opportunities to investors throughout the United States. TSCG’s ability to originate, underwrite and service loans in-house represents a significant barrier to entry in the small balance lending market.
TSCG and Forum Partners formed a strategic 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 oversees capital-raising efforts and investor relations.
Since 2002, Forum Partners has deployed approximately $7.7 billion of capital across 24 countries and over 100 investments. Its 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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