MINNEAPOLIS--()--Isles Ranch Partners, LLC, an alternative investment management firm, today announced the opening of its Minneapolis office. It also announced that Neal Johnson has joined as Managing Partner to co-lead the firm and lead its investment activities in the Midwest and on the East Coast. Isles Ranch Partners focuses on residential acquisition, development and construction (AD&C) investments and recently closed four deals totaling approximately $50 million. The new office is located in the IDS Center in Minneapolis.
“His outstanding reputation and experience at a large, multi-billion fund enhances the value Isles Ranch brings to our investors and strategic partners.”
"Neal and I have worked successfully together over the past few years at our prior respective firms, and with him co-leading the firm and managing the new Minneapolis office, Isles Ranch is now positioned to further expand our platform across the country," said Tom Orradre, founder and Managing Partner of Isles Ranch Partners. "His outstanding reputation and experience at a large, multi-billion fund enhances the value Isles Ranch brings to our investors and strategic partners."
Prior to joining Isles Ranch, Mr. Johnson was a senior Investment Professional at Värde Partners, where he was responsible for investments across a range of industries and asset classes with a strong focus on AD&C throughout the United States. Before Värde, he invested in merger arbitrage opportunities at University Capital Strategies Group. Mr. Johnson began his career at Piper Jaffray in investment banking focused on financial institutions. He received his BBA in finance at the University of Notre Dame and earned his MBA from the University of Chicago’s Booth School of Business. He is a CFA Charter holder and member of the Urban Land Institute.
Headquartered in Newport Beach, Calif., Isles Ranch Partners recently completed four real estate acquisitions within Southern California including Rancho Santa Fe, Carlsbad, Lakeside and Palm Springs. These acquisitions, totaling approximately $50 million of committed capital, were closed through a strategic partnership between Isles Ranch Partners and TPG Credit Management, a global special situations investment organization. The four acquisitions were closed with three different homebuilding operating partners.
About Isles Ranch Partners
Isles Ranch Partners is an alternative investment management firm currently capitalized to invest over $200 million. The firm targets opportunistic, value-driven investments primarily in the residential acquisition, development and construction (AD&C) space. Founded in August 2012, the firm has offices in Newport Beach and Minneapolis. For additional information, please visit www.islesranch.com.
About TPG Credit Management
TPG Credit was founded in August 2005 by Rory O'Neill in partnership with the principals of TPG Capital, L.P. TPG Credit currently has approximately $2.3 billion of investment capital through five funds. The team is comprised of 53 professionals and offices in Minneapolis and London. For more information, please contact TPG Credit at (612) 851-3150.