Turner-Agassi Charter School Facilities Fund

United States of America

Last updated 11 May 2020, by Impactyield.

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The Turner-Agassi Charter Schools Facilities Fund is a closed-end real estate fund that will promote the success and scale the growth of best in class charter schools operators by acting as a for-profit “bridge developer” of educational facilities in urban America. The Partnership will invest in charter schools by building/retrofitting academically friendly, environmentally responsible learning spaces and leasing them to best-in-class charter school operators who lack the financial and real estate resources to own or build campuses during the initial start-up or incubation years of a charter school. Since 2000, members of the TACSFF senior management team have constructed over 60 schools serving 25,000 students, consistently delivering superior and cost-effective facilities to CMOs including KIPP, Green Dot, and Aspire.



Financial description

The Partnership will seek strong market-rate risk-adjusted returns over a projected 5-7 year holding period.

12 years

of track record

2010

the year funded

n.a.

AUM

Asset manager

Turner Impact Capital

Website

Headquarters location:

Other funds managed by this asset manager: Turner Multifamily Impact Fund, L.P.

SDG goals

SDG targets

Equal rights to ownership basic services technology and economic resources

Free primary and secondary education

Key performance indicators

Fund overview

Asset manager: Turner Impact Capital

Product track record: Fund has 12 years of track record

Target IRR: n.a.

Committed Capital: n.a.

Target return category: Risk-adjusted market-rate of return

Fund domicile:

Product status:

Style/Stage:

Inception year: 2010

Vintage year: 2010

Target region: , , ,

Target close date: n.a.

Product term: 9 years

Assets under management: n.a.

Investment size: Min: 5,000,000; Max: 25,000,000; Avg: 10,000,000

Co-investment policy:

Currency of investments:

Currency for fund / product figures:

Fund investments to date: 21

Fund investments to date exited or repaid: 0

Management fee: n.a.

Carried interest: n.a.

Hurdle rate: n.a.

GIIN Investors' Council Investment: No

Limited Partners / Investors: n.a.

Limited Partner / Investor Type: Development Finance Institution (DFI), Endowments/Foundations, Family Office, Pension Funds

Contact

E-mail: n.a.

Website: http://www.turneragassi.com

Phone number: 310.752.9600

If you wish to have your details removed from this database please email gdpr@impactyield.com


Gee Kim

Principal

Glenn Pierce

Managing Director

Robert Turner

Principal and CEO

Impact Performance

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n.a.

Impact thesis

The Partnership will pursue a triple bottom line strategy that enhances the value of its properties, furthers environmental responsibility, and enriches the lives of the residents within the neighborhoods in which they are located in by building tens of thousands of school seats for the most "at-risk" children in urban america. In addition to its green initiatives, TACSFF will empower third party and/or not-for-profit operators to provide programs of relevance and benefit to students such as after-school tutoring, public safety initiatives, on-site health clinics, and community based financial and credit counseling to enhance students’ quality of life. TACSFF plans to accomplish this by offering those operators space in the charter schools at subsidized rents in exchange for such operators providing services. TACSFF will seek corporate and foundation support for these initiatives and anticipates setting aside, at reduced rent levels, a certain square footage of each school to accommodate these initiatives.

Impact Management

n.a.

Financial benchmark

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