DALLAS,– Transwestern Investment Group (TIG®) today announces it has completed the monetization of TSP Value and Income Fund I, a real estate investment fund that delivered a 17% net IRR to investors after fees, expenses and carried interest. With $150 million in committed equity, the fund also generated greater than 9% annual cash-on-cash since the first acquisition in February 2015.
The TSP Value and Income Fund I was focused on reducing risk and volatility in the value-add space. The fund targeted investment opportunities that benefited from TIG’s intensive value-add process and also generated strong cash flow during the hold period.
“We are very pleased with the substantial total return earned by our first fund as we managed risk with current yield distributions,” said TIG Executive Managing Director Scott Fitzgerald. “We believe the fund’s success validated our ability to deliver substantial current income to our investors while still achieving a strong overall net return.”
TIG closed out Fund I with the recent portfolio sale of the industrial investments in the fund, totaling 3.5 million square feet in Illinois, Indiana, Kentucky and Ohio. The highly successful portfolio sale demonstrated the benefits of the industrial aggregation sub-strategy and resulted in Fund I delivering returns far above the targeted return. All Fund I investors made commitments to TSP Value and Income Fund II, as did new investors.
ABOUT TRANSWESTERN INVESTMENT GROUPTranswestern Investment Group (TIG®) is an investment adviser serving a broad range of clients through a diversified array of discretionary and non-discretionary investment vehicles. With $4.5 billion of assets under management as of year-end 2018, our client-focused, relationship-driven approach is built upon trust, integrity and transparency. TIG provides tactical investment management with an integrated operating platform through the Transwestern enterprise, which includes a diversified real estate services firm with 34 U.S. offices and a prominent commercial development company. For more information, visit transwesterninvest.com.
This document does not constitute an offer, solicitation or recommendation to sell or an offer to buy any securities, investment products or investment advisory services. Any offer or solicitation will be made only pursuant to a confidential private placement memorandum and subscription documents (the “Offering Materials”) and will be subject to the terms and conditions contained in such Offering Materials.
The clients included in this press release were not selected based on performance, but because they are some of the largest well-known clients with similar strategic alliances. It is not known whether these clients approve or disapprove of TIG or the services or products it provides.
Registration as an investment adviser does not imply any level of skill or training.
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