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 (TC Fund III) with a diverse pool of limited partners, including university endowments, charitable foundations and family offices, participating in a vehicle with a $250 million cap.
“We have tremendous confidence in the long-term prospects of the Bay Area,” said Craig Young, Tidewater managing principal. “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 the firm will execute renovation and repositioning business plans, as well as select entitlement and ground-up development opportunities.
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