Chicago-based real estate private equity firm Temerity Strategic Partners has successfully closed its first investment partnership, the Temerity Strategic Partners Fund, L.P. The Fund received commitments totaling over $175 million from more than 50 institutional and private investors. This amount could potentially increase to between $25 million and $300 million with additional contributions from sidecar co-investments and GP contributions.
The limited partners of the Fund include leaders in the real estate industry, family offices, and institutional investors. One of the largest public pension plan sponsors in the United States has also made an anchor commitment.
According to Jeff Citrin, Co-Founder and Executive Chairman of TSP: “Our programmatic approach at Temerity Strategic is focused on partnering with top owner-operators who have strong expertise in their respective fields. By leveraging their strengths through our investments, we aim to help them scale quickly and execute on their significant acquisition pipelines.” He also emphasized that this approach will ensure alignment with investors’ interests while being responsible stewards of their capital.
In summary: Chicago’s Temerity Strategic Partners announces successful close of inaugural fund at over $175M raised from a diverse group including industry leaders & institutions; Programmatic strategy aims for growth & alignment w/investors’ goals.
