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TerraCap fund holds $125m final close

by Zoë Wolff

TerraCap Management Corp. has held a final close of $125 million for TerraCap Partners III, according to a spokesperson for the firm.

The fund primarily invests in office, hospitality, multifamily and retail properties in Florida.  The Westfield (Mass.) Contributory Retirement System and the Haverhill (Mass.) Retirement System recently invested in the fund.

Fund III held a first close of $91 million earlier this month. TerraCap Partners II, the fund’s predecessor, held a

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