Since inception, Cygnus Capital has launched five funds which have invested in special situation and opportunistic publicly traded and private assets across different CRE deal and property types.
CYGNUS PROPERTY FUND I
JANUARY 2011 – 2017 CLOSE (100% CAPITAL RETURN) (7.4% IRR)
Fund I was formed in January 2011 to purchase, own, operate, and reposition distressed commercial real estate, primarily B and C grade multi-family residential properties in the southeastern United States.
CYGNUS PROPERTY FUND II
FEBRUARY 2012 – DECEMBER 2019 (14.9% IRR)
Fund II was formed in February 2012, to build on Fund I’s approach with more emphasis on acquiring mortgage loans and other hybrid real estate loans and tax deeds. Fund II primarily acquired non-performing, bank-owned note portfolios secured by significant real estate assets and bank-owned, distressed REO portfolios of commercial, residential, and land assets throughout the southeastern United States.
CYGNUS PROPERTY FUND III
JANUARY 2014
Fund III was formed in January 2014 as a single purpose fund that is a direct owner of the operating company of the Snake River Sporting Club development in Jackson Hole, Wyoming.
CYGNUS STRATEGIC INCOME FUND
JULY 2015 – SEPTEMBER 2021 (10.8% IRR*)
Strategic Income Fund was formed in July 2015 to invest primarily in private CRE assets including: multi-family, multi-tenant, single-tenant retail, office, warehouse, residential, hotel, land, mortgage loans secured by real property, and other asset backed loans and debt instruments.
*some Fund assets were contributed into Fund VI)
CYGNUS PROPERTY FUND V
NOVEMBER 2018 – DECEMBER 2023 (22% IRR)
Fund V was formed in November 2018 for the purpose of investing in a range of opportunistic, special situation, advantageously priced private and publicly listed equities and debt instruments including: (i) non-current mortgages/real estate loans, (ii) municipal securities, (iii) sheriff’s deeds, (iv) tax deeds, (v) corporate debt, (vi) any other type of debt or equity secured by real estate or hard assets.
CYGNUS PROPERTY FUND VI
JULY 2021 – open
Fund VI was formed in June 2021 with the exact same mandate as Fund V (see above.
2010
September
Cygnus Capital Real Estate Advisors Founded
2011
June
Cygnus Fund I Launched
2012
April
Cygnus Fund II Launched
2013
December
Cygnus Fund III Harvesting
- Five special situation and opportunistic real estate funds launched since inception
- $150M capital raised($80M equity, $75M debt) across the five funds
- Funds II have gone full cycle; Fund III & CSIF in harvesting phase
- Currently investing out of Cygnus Fund CSIF fund V
- Fund V capital Raise finishing in Q3 ’20 and Containing it’s Investing / Monetizing of Asscts
2014
June
Cygnus Funds III Launched
2015
July
Cygnus Strategic Income Fund Launched
2016
December
100% of Equity in Fund I Returned
- 38 investments across five funds
- 6000+ assets acquired
- Hundreds of transactions completed
- Investments in 22 states
- Foreclosures in 14 states (judicial and non-judicial)
2017
April
Cygnus Fund 1 Goes Full Cycle
2018
June
100% Equity in Fund II Returned
Harvest assets II-CSIF
Launched Fund V
2019
March
Cygnus Fund II Goes Full Cycle 14.9% Return, Continue raising for Fund V
2020
November
Fund V Capital Raise Ends
$22.5 MM raised (Fund closes YE ’23 with 22% IRR)
2021
August
Fund VI Launched
2022
August
Fund VI Capital campaign closed, finishing with $60 MM base
2023
August
Fund V closed, 22% IRR
VI capital fully deployed
2024
August