Tower Arch Capital holds $450m close for real estate fund
Tower Arch Capital, a Salt Lake City–based investment firm, has closed Tower Arch Partners II and its parallel investment entity (collectively, Fund II) with $450 million of capital commitments. Fund II closed at its hard cap and was oversubscribed.
The fund’s investors include current and former management team members, foundations, diversified financial institutions, university endowments and family investment offices.
Fund II’s investment focus will continue to be in the lower middle market, targeting transformational opportunities where founder and family-owned businesses are in need of capital and/or professionalization to take them to the next level of growth and success.
“We look forward to continuing our successful model of bringing first time institutional capital to business owners as we deploy Fund II,” said Rhett Neuenschwander, partner and co-founder of Tower Arch Capital.