# TERRACAP MANAGEMENT LLC

TERRACAP MANAGEMENT LLC of NAPLES, FL is an SEC-registered investment adviser.

## Registration

- CRD: 169695
- Type: SEC-registered investment adviser
- SEC file number: 801-78909
- Location: 999 VANDERBILT BEACH ROAD, SUITE 701, NAPLES, FL, 34108
- Phone: 239-540-2002
- Latest filing: 2026-05-01
- Regulatory AUM: $1.4B
- Discretionary AUM: $1.4B
- Clients: 21
- Accounts: 11

## Business model

- Compensation: % of AUM, Performance
- Clients served: Investment cos

## Officers, owners & control persons (12)

| Name | Role | Location |
| --- | --- | --- |
| [Walter Stephen Hagenbuckle](https://search.stillhousedata.com/person/544011) | MANAGING PRINCIPAL | Cape Coral, FL |
| [Robert Morrow Gray](https://search.stillhousedata.com/person/692091) | MANAGING PRINCIPAL | — |
| [Joao Mauricio Chagas De Oliveira](https://search.stillhousedata.com/person/692092) | CHIEF COMPLIANCE OFFICER | — |
| [GREEN MICHAEL](https://search.stillhousedata.com/person/744349) | CHIEF COMPLIANCE OFFICER | — |
| [LEE DAVID](https://search.stillhousedata.com/person/820680) | CHIEF COMPLIANCE OFFICER | — |
| [GRAY ROBERT MORROW](https://search.stillhousedata.com/person/832549) | MANAGING PRINCIPAL | — |
| [HAGENBUCKLE WALTER STEPHEN](https://search.stillhousedata.com/person/832550) | MANAGING PRINCIPAL | — |
| [DAVIS MICHAEL RAY](https://search.stillhousedata.com/person/832551) | MANAGING DIRECTOR | — |
| [PAUL SUSANA ALVAREZ](https://search.stillhousedata.com/person/832552) | CHIEF COMPLIANCE OFFICER | — |
| [ARNOLD KAITLYN DAWN](https://search.stillhousedata.com/person/833040) | CHIEF COMPLIANCE OFFICER | — |
| [CHAGAS DE OLIVEIRA JOAO MAURICIO](https://search.stillhousedata.com/person/838683) | CHIEF COMPLIANCE OFFICER | — |
| [Harper Steven Matthew](https://search.stillhousedata.com/person/839561) | CHIEF COMPLIANCE OFFICER | — |


## Private funds (11)

Mix: Real Estate Fund 8 · Other Private Fund 3

| Fund | Type | Formed | Owners | GAV | Min investment |
| --- | --- | --- | --- | --- | --- |
| TERRACAP PARTNERS V (INSTITUTIONAL) LP | Real Estate Fund | Delaware | 78 | $591.2M | $1.0M |
| TERRACAP PARTNERS IV (INSTITUTIONAL) LP | Real Estate Fund | Delaware | 45 | $193.1M | $1.0M |
| TERRACAP PARTNERS VI (ERISA) LP | Other Private Fund | Delaware | 5 | $164.4M | $1.0M |
| TERRACAP PARTNERS VI (INSTITUTIONAL) LP | Real Estate Fund | Delaware | 28 | $141.4M | $1.0M |
| TERRACAP PARTNERS III (INSTITUTIONAL) LP | Real Estate Fund | Delaware | 29 | $118.4M | $1.0M |
| TERRACAP PARTNERS V (ERISA) LP | Other Private Fund | Delaware | 2 | $49.1M | $1.0M |
| TERRACAP PARTNERS IV (ERISA) LP | Other Private Fund | Delaware | 2 | $21.9M | $1.0M |
| TERRACAP PARTNERS V (HNW) LP | Real Estate Fund | Delaware | 48 | $21.6M | $250K |
| TERRACAP PARTNERS IV (HNW) LP | Real Estate Fund | Delaware | 50 | $12.3M | $250K |
| TERRACAP PARTNERS III (HNW) LP | Real Estate Fund | Delaware | 52 | $11.0M | $250K |
| TERRACAP PARTNERS VI (HNW) LP | Real Estate Fund | Delaware | 15 | $4.4M | $250K |


## Branch offices (4)

| City | State | Employees | Phone |
| --- | --- | --- | --- |
| DENVER | CO | 2 | 239-540-2002 |
| TAMPA | FL | 2 | 239-540-2002 |
| DENVER | CO | 2 | 239-540-2002 |
| TAMPA | FL | 2 | 239-540-2002 |


## Fund service providers (3)

- custodian: TERRACAP PARTNERS IV (ERISA) LP
- custodian: TERRACAP PARTNERS V (ERISA) LP
- custodian: TERRACAP PARTNERS VI (ERISA) LP

## Related pages

- Form ADV Part 2 brochure: https://search.stillhousedata.com/firm/169695/brochure
- Similar advisers: https://search.stillhousedata.com/firm/169695/similar
- Related entities: https://search.stillhousedata.com/firm/169695/related
- SEC IAPD (source of record): https://adviserinfo.sec.gov/firm/summary/169695

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Source: public SEC Form ADV data via Adviser Search (https://search.stillhousedata.com).
Agents: this data is also queryable via MCP tools and read-only SQL — see https://search.stillhousedata.com/llms.txt.