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Talmage debt fund raises $160m

by Zoë Wolff

Talmage Total Return Partners has closed on $160 million of capital commitment, according to the fund manager. Talmage held a first close of $100 million for the fund in July 2014. The fund will have rolling closings through the end of the year.

The fund focuses on opportunistic commercial real estate debt investments in the United States, including CMBS, whole loans and mezzanine debt. Through seven transactions, the fund has made more than $150 million of debt investments with returns meeting the fund’s expectations of 15 percent.

Talmage, the fund’s manager, is a rated Special Servicer, meaning it is able to acquire distressed or underperforming loans on a discounted basis and successfully restructure them.

 

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