Temerity Raises $175M at Final Close of Maiden Real Estate PE Fund

Temerity Strategic Partners (TSP) announced the final closing of its inaugural Temerity Strategic Partners Fund at $175M, which could rise to between $250M and $300M inclusive of sidecar co-investment and GP contributions.

The Fund is the first for Chicago-based real estate private equity firm TSP, which was formed in 2022. It aims to provide co-investment capital and other resources that support the growth of real estate owner-operators across the United States.

TSP said that the Fund’s limited partners include more than 50 real estate industry leaders, family offices, and an anchor commitment from one of the largest public pension plan sponsors in the US, with over 60% of capital raised coming from institutional investors. The fund has already deployed commitments to Ashcroft Capital and DLC and plans to make two to four additional commitments.

Source: https://www.globenewswire.com/news-release/2024/11/19/2983924/0/en/Temerity-Strategic-Partners-Announces-Final-Closing-of-Inaugural-Fund.html