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Investors - JUNE 10, 2021

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Korean Teachers backs GreenOak U.K. Secured Lending III

by Kali Persall

IREI has learned that the Korean Teachers Credit Union has approved a £100 million ($141 million) commitment to the GreenOak U.K. Secured Lending III fund.

GreenOak provides loans secured by commercial real estate throughout the United Kingdom and Europe. The firm focuses on senior, junior and mezzanine loans, as well as term and bridge loans.

GreenOak targets middle-market opportunities in gateway cities in the United States, Europe and Asia, sourcing off-market opportunities where there are pricing discounts and market inefficiencies, according to the firm’s website. GreenOak seeks to add value by executing active asset repositioning, leasing, refurbishment and redevelopment strategies.

Since 2001, the European team has originated and executed more than £3 billion ($4.2 billion) of aggregate lending in the United Kingdom, and an additional £7 billion ($9.9 billion) throughout Europe. The debt team has raised more than $1.9 billion of discretionary capital

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