- Property Funds World
Propertyfundsword.com – Savanna sells minority stake to Tunbridge Investment Partners
Savanna, a New York City-based real estate investment manager, owner/operator and developer, has sold a passive, minority equity stake in its business to TK Partners, a consortium of institutional investors led by Tunbridge Investment Partners.
Tunbridge, an affiliate of real estate advisory firm Hodes Weill & Associates, focuses on making strategic, minority equity investments in real estate fund managers. TK Partners is capitalised, in part, with an investment from Kudu Investment Management, a firm that specialises in providing permanent capital solutions to leading investment managers.
Founded in 1992, Savanna has more than 30 experienced professionals, and since its inception, has invested over USD4 billion across a series of investment vehicles including its flagship value-add private equity funds. Specialising in the New York City market, Savanna is an institutional fund manager with more than 80 distinct investors from around the world, including public and private pension funds, insurance companies, sovereigns, high net worth family offices, foundations, and wealth management companies.
