Tishman Capital Partners

What Tishman Capital Partners does

Tishman Capital Partners (TCP) is an alternative investments platform and SEC-registered investment adviser operated by NexWave Capital Partners LLC, a Delaware corporation headquartered at 100 Park Avenue, New York. The firm targets high-net-worth individuals, family offices, and institutional investors with a multi-strategy platform spanning fixed income strategies, active securities management, opportunistic credit, Qualified Opportunity Zone real estate, tax-efficient investing, and direct private investments in operating companies. TCP pursues these mandates through both pooled investment vehicles and separately managed accounts, distributing offerings via confidential private offering memoranda to qualified investors. The 'Tishman' name traces back to an organization founded in 1898, though the current alternative-investments platform reflects a partner-centric model driven by a relatively small senior team.

The platform's core products include a Fixed Income Strategy for funds and separate accounts that invests across issuers, sectors, and selected dividend-paying stocks with duration and risk management focus; a Special Situations Credit Strategy that deployed $232.5M during the April 2020 COVID dislocation into first-lien commercial real estate securities before being unwound in January 2022; a Qualified Opportunity Zone fund that raised $300M in fall 2021 and invests in multifamily projects with institutional operating partners in targeted high-growth markets; and direct investments in early-stage companies such as Quantinno Capital Management (tax-loss harvesting, seeded 2018) and Outerspace Ops Inc (third-party logistics, seeded 2019). There is no proprietary technology stack or AI/ML infrastructure disclosed; investment selection relies on fundamental research, credit analysis, and macroeconomic views.

TCP generates revenue through management fees and performance-based carry on its sponsored funds, plus recurring advisory fees under investment advisory agreements with separately managed account clients. The firm is privately held by its founding principals, including President and CIO Charles Song (prior: Bank of America Merrill Lynch, Moon Capital, Macquarie, Dividend Capital), with Managing Director Jiho Lee leading private investments and real estate, CFO Danny Kramer overseeing finance and operations, Chief Legal Officer Jack Lynch, and Portfolio Manager Tim Mulvihill running fixed income (prior: Carlson Capital, Invesco). Distribution is relationship-led, supported by LinkedIn presence, earned media coverage (Bloomberg, Business Insider, Yahoo Finance, Axios, ICSC), and a network of external advisor relationships, with no public pricing transparency on its private offerings.

Name

Tishman Capital Partners

Legal name

NexWave Capital Partners LLC

Website

https://tishmancapitalpartners.com

Company type

Private

Founded year

1898

Operating status

Operating

Ownership category

akta.pro rank

Product category

Alternative Investment Management

NAICS

Portfolio Management and Investment Advice (523940), Funds, Trusts, and Other Financial Vehicles (525)

SIC

Investment Advice (6282)

akta.pro primary industry

Institutional Consulting RIAs (OCIO/Endowments/Foundations/Pensions) (FSAAACAG)

Keywords

• Alternative investments
• Fund management
• Opportunity zone funds
• Private credit
• Tax-efficient investing

Headquarters

HQ city

New York

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Fund Management: TCP manages fund vehicles for internal and external investors, generating revenue through management fees and performance-based carry. The firm sponsors externally offered funds including an opportunistic credit fund and a series of opportunity zone funds.
2. Advisory Services: Investment advisory services are provided pursuant to investment advisory agreements between TCP and its clients and investors, generating recurring advisory fee revenue.
3. Securities Strategies: TCP manages securities strategies for funds and separate accounts, investing in fixed income diversified across issuers and sectors and selected dividend-paying stocks.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

Tishman Capital Partners operates as an alternative investments platform and SEC-registered investment adviser, sponsoring and managing pooled fund vehicles (opportunistic credit, Qualified Opportunity Zone multifamily real estate) and separately managed accounts (fixed income/securities strategies). The firm also pursues direct investments through seed and growth equity, targeting tax alpha for taxable investors. Offerings are made available to qualified investors via confidential private offering memoranda and investment advisory agreements.

Product overview

Tishman Capital Partners (TCP) is an alternative investments platform and Registered Investment Advisor (RIA) offering a suite of investment strategies. The platform operates through multiple distinct products: Fixed Income Strategies (for funds and separate accounts), Securities Strategies (public securities with active management), a Special Situations Credit Strategy (opportunistic credit fund), a Qualified Opportunity Zone Strategy (tax-efficient real estate), and direct investments in portfolio companies such as Quantinno (tax-loss harvesting technology platform) and Outerspace (DTC logistics/3PL). TCP also manages tax-efficient investing solutions. The products range from pooled investment vehicles to separately managed accounts, with a partner-centric approach spanning early-stage seed investments, growth equity, hedge funds, special situations, real estate platforms, and tax strategies.

Differentiator

Problem solved

Functional benefit

Products and services

• Fixed Income Strategies Fixed income strategies managed for TCP funds and separate accounts, investing across issuers and sectors with selected dividend-paying stocks. The team analyzes credit metrics, values structural features of securities, assesses external market factors, and focuses on duration management, risk management, and broad diversification. Targeted at qualified investors via funds and separately managed accounts.
• Special Situations Credit Strategy Opportunistic credit fund launched in April 2020 with $232.5M committed capital, investing in mispriced securities backed by first liens on commercial real estate assets including single asset single borrower loans, CRE CLOs, interest certificates, and CMBS conduit securities. Provided liquidity during COVID-19 market dislocations and was unwound in January 2022. Targeted at qualified investors.
• Qualified Opportunity Zone Strategy A series of Qualified Opportunity Zone funds focused on multifamily real estate investments in targeted high-growth or hard-to-build markets, partnering with institutional operating partners for execution. Raised $300M from investors seeking tax-efficient real estate exposure to defer and reduce capital gains taxes. Targeted at qualified investors with sizable capital gains.
• Securities Strategies (Public Securities) Active portfolio management pursuing alpha through fundamental research and macroeconomic analysis across public securities, including fixed income and selected dividend-paying stocks. Offered through funds and separately managed accounts to qualified investors.
• Tax-Efficient Investing Solutions Investment solutions designed to deliver post-tax savings and tax alpha for taxable investors. TCP either designs its own tax-aware vehicles (including the Qualified Opportunity Zone strategy) or partners with specialists (such as Quantinno) to maximize after-tax returns and capital preservation. Targeted at taxable qualified investors, family offices, and institutions.
• Direct Investments (Seed and Growth Equity) Direct seed and growth equity investments backing founders and businesses with operational and strategic support, including real estate, capital markets, board recruitment, and customer introductions. Targeted at founders and early-stage companies scaling into category leaders, with TCP acting as both capital and strategic partner.

Quantifiable outcome

• Raised $300M for Opportunity Zone fund within months of launching offering in fall 2021
• +1 more outcomes

Named customers2 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Four partnerships are on record, tiered minor and core.

• Per ScholasminorGTM or Marketing Partner · 21 April 2026Charles Song, President and CIO of Tishman Capital Partners, serves as Co-chair of the Advisory Board for Per Scholas Newark, an organization committed to providing skills training and access to employer networks to individuals often excluded from tech careers.
• FC HarlemminorOthersJiho Lee, Managing Director at Tishman Capital Partners, serves as a board member for FC Harlem, a community organization.
• Korean Real Estate Professionals Association (KREPA)minorOthersJiho Lee serves as president of KREPA, a professional association for Korean real estate professionals.
• Tishman Opportunity ZonecoreStrategic or Co-development PartnerTCP manages its own Qualified Opportunity Zone strategy, having built a proprietary vehicle to maximize diversification for investors with sizable capital gains. The firm partners with institutional operating partners for multifamily real estate projects across targeted high-growth markets.

Scale indicators2 records

Recent moves6 records

Expansion highlights4 records

Direct peers

• Sixth Street Partners: Multi-strategy alternatives platform with flexible capital deployment across credit, equities, and real assets. Comparable to TCP in its broad mandate and willingness to seed and scale specialized investment strategies.
• Sculptor Capital Management: Multi-strategy alternative asset manager pursuing opportunistic credit, structured credit, and special situations investments. Comparable to TCP in its opportunistic, multi-strategy approach to deploying capital across market dislocations.
• Angelo Gordon (TPG Angelo Gordon): Multi-strategy alternative investments platform offering credit, real estate, private equity, and multi-manager solutions to institutional and HNW clients — directly comparable to TCP's broad-platform, RIA-style approach across credit, real estate, and tax-efficient strategies.

Broad incumbents

• Brookfield Asset Management: Large alternative manager with leading real estate and credit franchises — directly comparable to TCP's real estate (QOZ) and CRE credit strategy overlap, though at much greater scale and global footprint.
• Ares Management: Large alternative asset manager with deep credit, real estate, and private equity franchises. Comparable to TCP in credit/special situations and real estate strategy overlap, but at substantially larger scale and product breadth.
• Blackstone: Largest global alternative asset manager with major real estate, credit, and tax-advantaged strategy franchises — including BREIT and BREIT-like vehicles that compete for the same tax-sensitive, real estate-oriented HNW and family office capital TCP targets with its Opportunity Zone funds.
• KKR: Global alternatives platform spanning credit, real estate, private equity, and capital markets. Overlaps with TCP in opportunistic credit and real estate strategies, with comparable HNW/family office distribution ambitions.
• Oaktree Capital Management: Premier distressed and credit-focused alternative manager with significant CRE securities and special situations capabilities — directly comparable to TCP's Special Situations Credit Strategy and broader credit orientation.
• Carlyle Group: Global alternative asset manager with credit, real estate, and private equity franchises serving institutional and wealth channels — broadly comparable to TCP's multi-strategy positioning and wealth-channel distribution.
• Apollo Global Management: Mega-platform alternative manager with leading credit, real estate, and hybrid value strategies. Comparable to TCP in its opportunistic credit and tax-driven yield strategies, though at vastly larger scale.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/tishman

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments1 record

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Tishman Capital Partners