Tacora, an Austin, TX-based investment management firm dedicated to optimizing the financing of early and mid-stage companies, held a $250m first close of its inaugural fund.
The fund is backed by prominent venture capitalist Peter Thiel, providing capital and access to a high quality strategic network. The target fund size is $300m.
Led by Keri Findley, Founder and CEO, Tacora aims to deliver creative financing solutions to high-growth, tech-enabled companies with capital-intensive technology platforms in sectors such as Fintech, Insurtech, Proptech, Logistics and Transportation. The firm aims to create opportunities at the intersection of venture capital, private credit, and special opportunities investing with companies that need access to funding for the assets they generate or are a necessary to conduct their business, and whose current inflection point doesn’t fit the risk-return profile of traditional venture equity investment.
Tacora’s solutions utilize a combination of equity, debt, and other structured finance tools to help tech-enabled companies optimize their balance sheet with assets such as loans, real estate, contracts, and insurance policies, enabling companies to scale assets and fuel growth while minimizing dilution.
Tacora’s heritage is rooted in Keri Findley’s two decades of experience in structured credit investing at leading firms and most recently as a private investor. From 2009-2017, Ms. Findley ran the structured credit portfolio for Third Point, to which she was recruited to build from scratch. Prior to Third Point, Ms. Findley held a similar position at D.B. Zwirn, and began her career in ABS CDO research at Morgan Stanley. She currently serves as an advisor to Firework Ventures and 8VC, a venture capital firm founded by Joe Lonsdale, and serves on the boards of directors of Hearth, Karus, Point Digital and Architect.
FinSMEs
14/03/2022