Canadian alternative asset–class investment manager Timbercreek Capital has launched its first open-ended North American private-debt fund, representing its continued expansion in the United States.
The fund — Timbercreek North American Mortgage Fund (TNAM) — has a large global institutional investor as strategic partner and lead investor. It employs a diversified real estate debt strategy focused on actively investing in shorter-term commercial real estate–secured mortgages in select markets in the United States and Canada.
The TNAM strategy will include commercial mortgages across a range of asset types, including multifamily, industrial, office, retail, self-storage and land. It encompasses different security positions, including firsts, seconds and mezzanine.
“Timbercreek firmly believes that actively managed debt will be an accretive component of investment portfolios in both the short and long-term,†said Blair Tamblyn, CEO of Timbercreek. â€
