9AT: TGM ASSOCIATES L.P.

other names

TGM ASSOCIATES L.P.
TGM AM LLC (RELYING ADVISOR)
TGM GP LLC (RELYING ADVISOR)
TGM GP LLC
TGM APARTMENT PARTNERS GP LLC (RELYING ADVISOR)
TGM APARTMENT PARTNERS GP LLC

Adviser Profile

As of Date	03/28/2025
ADV Location	NEW YORK, NY, United States
Adviser Type - Large advisory firm
Number of Employees	35 6%
of those in investment advisory functions	15
Registration	SEC, Approved, 07/17/1995

AUM^*	3,557,542,322 10%
of that, discretionary	0
Private Fund GAV^*	3,557,542,322 0%
Avg Account Size	508,220,332 -6%
SMA’s	Yes
Private Funds	7
Contact Info	212 xxxxxxx
Websites

Client Types

- Pooled investment vehicles

Advisory Activities

- Portfolio management for pooled investment vehicles

Compensation Arrangments

- Performance-based fees

Fund Type	Count	GAV
Fund TypeReal Estate Fund	Count7	GAV$3,557,542,322

Adviser	Hedge Fund	Liquidity Fund	Private Equity Fund	Real Estate Fund	Securitized Asset Fund	Venture Capital Fund	Other Fund	Total Private Fund GAV	AUM	#Funds
Adviser ACRES	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund1.3b	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV1.3b	AUM3.2b	#Funds1
Adviser GCP INVESTMENT ADVISOR, LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund3.3b	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV3.3b	AUM3.3b	#Funds13
Adviser LUBERT-ADLER MANAGEMENT COMPANY, L.P.	Hedge Fund-	Liquidity Fund-	Private Equity Fund760.7m	Real Estate Fund3.0b	Securitized Asset Fund-	Venture Capital Fund-	Other Fund12.0m	Total Private Fund GAV3.8b	AUM3.0b	#Funds44
Adviser PENNYBACKER CAPITAL MANAGEMENT, LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund2.5b	Real Estate Fund3.5b	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV6.0b	AUM5.2b	#Funds35
Adviser BLACKSTONE REAL ESTATE ADVISORS EUROPE L.P.	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund3.0b	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV3.0b	AUM3.0b	#Funds9
Adviser BRISTOL GROUP INC	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund763.8m	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV763.8m	AUM2.4b	#Funds4
Adviser FCP	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund3.3b	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV3.3b	AUM3.8b	#Funds9
Adviser LONGPOINT PARTNERS LP	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund3.8b	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV3.8b	AUM4.8b	#Funds9
Adviser CANYON PARTNERS REAL ESTATE LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund3.3b	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV3.3b	AUM3.3b	#Funds56
Adviser BREAKTHROUGH PROPERTIES	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund1.7b	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV1.7b	AUM2.6b	#Funds13

Brochure Summary

Overview

TGM Associates was founded in 1991 to provide an integrated suite of real estate asset and property management services to its clients. It became an SEC-registered investment adviser in 1995 and its principal place of business is located at 650 Fifth Avenue, 28th Floor, New York, NY 10019. TGM Associates ownership is comprised of several limited partners, including SFT Real Estate LLC (1987) who is deemed a principal owner (as defined by the Instructions to Form ADV). However, TGM Associates is solely controlled by its general partner, TJG Holdings, Inc., whose sole shareholder is John Gochberg. Pursuant to an umbrella registration, this Firm Brochure describes the advisory services provided by TGM Associates as “filing adviser” as well as TGM AM as “relying adviser”. Types of Advisory Services TGM focuses on investing directly and indirectly in existing multifamily residential real estate in the continental United States, providing investment management and advisory services to private funds (each, a “Client” or “Private Fund” and, collectively, the “Clients” or “Private Funds”) whose investors are institutions, benefit plans pursuant to the Employee Retirement Income and Securities Act (“ERISA”), and state pension plans (individually and collectively, “Investor(s)”). Additionally, TGM expects to begin investing in Freddie Mac K-Deal securitizations (“K-Deals”) on behalf of certain Clients on a non-discretionary basis. In connection with

its investment advisory services, TGM provides property management services with respect to properties held by the Clients. Such services are provided by its affiliate, TGM Communities LLC. Members of TGM’s team have worked together for almost 30 years, acquiring, managing and selling apartment properties. Tailored Advice and Investment Restrictions TGM’s assets under management are held in Private Funds. We tailor our services to the mandates of the Private Funds. To the extent mutually agreed upon in writing, TGM will accept reasonable investment restrictions from an Investor. Any applicable guidelines or restrictions on TGM’s investment discretion on behalf of Clients are also set forth in the respective Governing Documents of the Private Funds. For an Investor that establishes a direct advisory relationship with TGM (e.g., via a separately managed account), TGM tailors its advisory services to the mandate of that Investor as set forth in that Investor’s applicable Governing Documents (as defined below). Generally, our investment recommendations are limited to investments in multifamily properties or securities backed by multifamily properties. Wrap Fee Programs TGM does not participate in any wrap fee programs. Client Assets Under Management As of December 31, 2023, TGM’s regulatory assets under management totaled approximately $3.54 billion, all of which was managed on a non-discretionary basis.

TGM ASSOCIATES L.P.

Adviser Profile

Details

Client Types

Advisory Activities

Compensation Arrangments

Reported AUM

Private Funds

Employees

Private Funds Structure

Similar advisers

Brochure Summary

Overview