Forum Partners and TSCG launch private credit fund

Global real estate investment firm Forum Partners and its portfolio company TSCG have launched a private credit fund seeking to raise up to $25m (£19.8m) from accredited investors, with the option to increase the maximum offering amount to $50m.

TSCG Credit Opportunities I plans to use the proceeds 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 investment is $25,000.

The fund is targeting annual returns of nine per cent, which will be paid monthly.

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“Many of our retail clients have opportunities to improve their centres but have been underserved by the traditional sources of capital,” said Sam Latone, co-chief executive of TSCG. “As we help investors navigate an evolving retail landscape, we are excited to provide an opportunity to invest in a real estate private credit fund created to transform capital market challenges into unique lending opportunities.”

TSCG is a commercial real estate investment and advisory firm. Its investment management arm has helped its institutional investors acquire, finance and manage more than $2bn in assets across core, value-add, development and debt allocation strategies.

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TSCG and Forum Partners formed a strategic partnership in 2022. They co-manage and co-sponsor TSCG Credit Opportunities I.

TSCG is the sponsor and investment manager for the fund, and an affiliate of Forum Partners will oversee capital-raising efforts and investor relations.

Forum Partners is a global investment manager focused on investing in real assets and real estate companies. Since it launched in 2002, Forum has deployed around $7.7bn of capital.

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