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TC Latin America Partners raises $268m for real estate

by Andrea Waitrovich

TC Latin America Partners has reached a final close for its second fund, Terranum Capital Latin America Real Estate Fund II, raising $268 million in equity commitments. Combined with its predecessor fund, this brings the firm’s total assets under management to more than $500 million.

TCLAREF II will invest opportunistically in the development of residential, commercial and industrial real estate projects in Peru, Colombia and Mexico. The fund attracted capital commitments from several institutional investors, including pension funds and insurance companies in Colombia, Peru, the United States, the Middle East and Europe.

The fund will pursue an opportunistic investment strategy, providing flexible capital solutions either through debt or equity to projects or developers that are in need of liquidity. The fund has invested approximately $60 million to date in six investments across its markets.

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