{"id":1004318663,"date":"2019-04-22T01:45:58","date_gmt":"2019-04-22T09:45:58","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004318663"},"modified":"2019-04-22T06:08:33","modified_gmt":"2019-04-22T14:08:33","slug":"tig-raises-200m-for-new-fund","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/tig-raises-200m-for-new-fund\/","title":{"rendered":"TIG Raises $200M for New Fund"},"content":{"rendered":"
\"Scott<\/a>

Scott Fitzgerald, Executive Managing Director, Transwestern Investment Group. Image courtesy of Transwestern<\/em><\/p><\/div>\n

Transwestern Investment Group has raised $200 million to start its TSP Value and Income Fund II, which is targeting a 12.5 percent or higher net IRR for investors.<\/p>\n

The fund\u2019s strategy will follow that of its first successful TSP Value and Income Fund, which reduced volatility in the value-add space by focusing on current income and providing value creation. At its closing, the TSP Value and Income Fund II already had 40 percent of its equity tied to seed assets.<\/p>\n

The success of Fund I<\/h2>\n

In March, TIG completed Fund I, which made its first investment in 2015. Overall, it made nine investments\u2014three office campuses and six industrial portfolios, totaling 3.5 million square feet in the states of Illinois, Indiana, Kentucky and Ohio.<\/p>\n

One of the properties in the final portfolio sale was 2000 Connor Road in Hebron, Ken.<\/a> At the time of that sale, Scott Fitzgerald, Transwestern Investment Group\u2019s executive managing director, told Commercial Property Executive<\/em> that after stabilizing rent rolls and increasing the portfolio\u2019s net operating income in the first three years of ownership, the time was right for the sale. \u201cThat, coupled with the increased demand for infill industrial product, led us to explore an early monetization of the investment,\u201d<\/em> he said.<\/p>\n

Overall, the fund had $150 million in committed equity and delivered a 17 percent net IRR to investors. That success has led to a return of all of TIG\u2019s investors from Fund I, as well as some new institutional investors looking to find that same profit realization.<\/p>\n

\u201cOur fund strategy targets property types with limited capital expenditure profiles that can deliver significant cash flow during the value-add process,\u201d <\/em>Fitzgerald said. \u201cWe are well-positioned to capitalize on the value-add opportunities we’ve identified in markets with strong economic drivers, supply constraints and liquidity to achieve superior results for our investors.\u201d<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

The firm raised $200 million to start its TSP Value and Income Fund II, which is targeting a net IRR of 12.5 percent or higher.<\/p>\n","protected":false},"author":451,"featured_media":1004318696,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21808,21825,21748,23891,21742],"tags":[33313],"class_list":["post-1004318663","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-featured","category-finance","category-industrial","category-national","category-latest","tag-transwestern"],"acf":[],"yoast_head":"\nTIG Raises $200M for New Fund - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/tig-raises-200m-for-new-fund\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"TIG Raises $200M for New Fund\" \/>\n<meta property=\"og:description\" content=\"The firm raised $200 million to start its TSP Value and Income Fund II, which is targeting a net IRR of 12.5 percent or higher.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/tig-raises-200m-for-new-fund\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2019-04-22T09:45:58+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2019-04-22T14:08:33+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/04\/Scott-Fitzgerald.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"620\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Keith Loria\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/tig-raises-200m-for-new-fund\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/tig-raises-200m-for-new-fund\/\",\"name\":\"TIG Raises $200M for New Fund - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/tig-raises-200m-for-new-fund\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/tig-raises-200m-for-new-fund\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/04\/Scott-Fitzgerald.jpg\",\"datePublished\":\"2019-04-22T09:45:58+00:00\",\"dateModified\":\"2019-04-22T14:08:33+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/aaa29b723dad85f2444ae3cb0c4d735f\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/tig-raises-200m-for-new-fund\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/tig-raises-200m-for-new-fund\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/tig-raises-200m-for-new-fund\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/04\/Scott-Fitzgerald.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/04\/Scott-Fitzgerald.jpg\",\"width\":800,\"height\":620,\"caption\":\"Scott Fitzgerald, Executive Managing Director, Transwestern Investment Group. 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