TFII press release photo

TCG Closes $50M Multifamily Equity Fund in Sixty Days

Tesseract Capital Group (TCG) is pleased to announce the official closing of Tesseract Fund II (Fund)—TCG’s second closed-end multifamily equity fund. After surpassing the initially targeted $40M within the first 30 days of launch, TCG increased the Fund’s maximum capacity to $50M. Thirty days later, Fund II was over-subscribed reaching nearly $55M in requested commitments.

Since closing, Fund II has placed 20% of its equity within the Sacramento MSA. The Fund acts as a draw-down fund and is scheduled to be fully deployed by Q4-2023 across 10 total assets.

The projected Fund composition will consist of 9 existing value-add opportunities along with 1 land acquisition for ground-up development. Geographically, the Fund will target 90% of its assets in the Northern region of California with 10% reaching the Southern region of California.