TSCG Credit Opportunities Invests Preferred Equity in Mississippi Ground Lease Development

TSCG Credit Opportunities I, a private credit fund co-managed and co-sponsored by Forum Partners and its portfolio company, TSCG, announced today that it has closed a preferred equity investment to support a ground-lease development in Ocean Springs, Mississippi.

TSCG Credit Opportunities provides small-balance loans to developers seeking to enhance property value through tenant improvements, leasing initiatives, and development projects. This short-term preferred equity investment will enable the developer to proceed with the site acquisition and move forward with construction.

“The combination of a nationally recognized tenant and a compelling ground lease structure fits well within our credit strategy,” said Sam Latone, co-CEO of TSCG. “We’re pleased to partner with a developer that has a proven track record of execution, and we expect this transaction to serve as a catalyst for future opportunities together.”

“In today’s market environment, access to flexible capital and disciplined underwriting are increasingly important,” said Russell Platt, CEO of Forum Partners. “This investment reflects the type of opportunity that can emerge during periods of market transition, where strong fundamentals and experienced partners allow capital to be deployed thoughtfully with attractive risk-adjusted potential.”

TSCG and Forum Partners formed a strategic partnership in 2022 and co-manage and co-sponsor TSCG Credit Opportunities I, LLC. TSCG serves as the fund’s sponsor and investment manager, while an affiliate of Forum Partners leads capital raising and investor relations.

Full article by CityBiz here.