Closed: Real Estate Fund with a focus on special situations, worth $163 Million, managed by Tryperion Holdings
Tryperion RE Fund IV Closes at $163 Million
Tryperion Holdings, a real estate investment firm, has announced the final closing of its fourth fund, Tryperion RE Fund IV (TREF IV), with a total capital commitment of $163 million. This figure significantly exceeds the $67 million deployed in Tryperion's prior fund.
The new fund has attracted a diverse group of investors, including family offices of renowned figures such as Howard Marks, Tony Ressler, Ken Moelis, and Andrew & Peggy Cherng, founders of Panda Express. However, the exact names of the Top 20 universities and the three family-owned investment firms that invested in TREF IV are not specified in the provided search results.
A top 20 university endowment located in the Southeast is also among the investors in TREF IV.
TREF IV investments will cover office, retail, medical office, student housing, multifamily, and industrial assets. As of now, 72% of TREF IV has been committed to commercial real estate equity and credit investments.
Jeffrey Karsh, Founder and Managing Partner of Tryperion, stated that the firm is not afraid to invest in less-loved opportunities where institutional capital may shy away. He also mentioned that Tryperion's value-investor approach has served their fund investors well across market cycles.
Karsh further elaborated that the Tryperion team brings a sophisticated institutional approach to the fragmented world of sub-institutional investing.
Tryperion's earlier funds, TREF I (2013 vintage) and TREF II (2015 vintage), are both fully realized. TREF III (2018 vintage) is not yet fully realized, but it is also ranked in the top quartiles of fund performance. TREF I and TREF II were ranked in the top quartiles of fund performance as measured by the Cambridge Associates Index.
With the successful closing of TREF IV, Tryperion continues to demonstrate its ability to attract significant capital and deliver strong returns to its investors.
