TCA Fund Management Group Corp., et al.

On May 11, 2020, the SEC obtained the appointment of a Receiver over Florida-based investment adviser TCA Fund Management Group Corp. (“TCA”), TCA Global Credit Fund GP, Ltd. (“GP”), TCA Global Credit Fund, LP, TCA Global Credit Fund, Ltd., and TCA Global Credit Master Fund, LP, for an alleged fraudulent scheme conducted by TCA and GP to inflate asset values and performance returns of the funds it managed. According to the Complaint, as of November 2019, the Funds had approximately 470 investors and assets under management of approximately $516 million. In addition, on May 12, 2020, the SEC obtained permanent injunctions over TCA and GP.

For more information about the SEC’s action, you can read the SEC’s public release (including its complaint).

The Court appointed Jonathan E. Perlman as Receiver. For the latest information about the Receivership, you can visit the Receiver's website