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Tidewater Exceeds $200M Goal on Third Bay Area Fund
Tidewater Capital, a San Francisco-based real estate investor and developer focused on the Bay Area, has exceeded its initial target of $200 million in equity commitments for its third discretionary fund. With a $250-million cap, TC Fund III has drawn from a diverse pool of limited partners, including university endowments, charitable foundations and family offices.
“We have tremendous confidence in the long-term prospects of the Bay Area,” said managing principal Craig Young. “While capital markets broadly have been deeply challenging, both our returning and our new investment partners have placed a great deal of confidence in our ability to navigate a rapidly evolving market to capitalize on a Bay Area rebound.”
Tidewater will pursue investments across multiple property types and will execute renovation and repositioning business plans, along with select entitlement and ground-up development opportunities. Its previous investment vehicles have capitalized an array of projects across the Bay Area.
- ◦Financing
