Tioga Capital Closes Fourth Real Estate Fund at $125M

Atlanta-based multi-strategy real estate investment firm Tioga Capital raised $125M for its fourth flagship fund targeting real estate opportunities in the Sun Belt region.

Tioga Partners IV had a target of $150M, according to a filing with the SEC from almost a year ago. In the filing, Tioga reported it had secured $81.4M in capital commitments from 80 investors as of February 23, 2024. The fund made its first sale a few days prior, with the minimum investment amount set at $500K.

The fourth fund surpassed its predecessor, Tioga Partners III, which closed in 2022 with $80M in capital commitments from 77 investors. Investors in the latest fund include family offices, charitable foundations, fund-of-funds and RIAs.

Tioga Partners IV has already invested in multi-family, single-family and commercial assets in the states of Georgia, Texas, North Carolina and Tennessee. It allocates between $5M and $30M for every investment, following the same strategy as its predecessor.