Time Equities Securities closes fifth diversified income and opportunity fund

Time Equities Securities has closed its fifth diversified income and opportunity fund, TEI Diversified Income & Opportunity Fund V, with $63.6 million of equity commitments.

TEI Diversified Income & Opportunity Fund V opened to investments in March 2020. The fund deployed capital to acquire partial interests alongside TEI’s core capital in a diversified portfolio of income-producing assets with potential for appreciation throughout the United States and Europe.

To date, Fund V has acquired ownership interests in 17 assets across eight U.S. states and three European countries.

“These past two years were challenging with all of the unknowns related to the COVID-19 pandemic,” said David Becker, registered representative for TES and managing director for TEI’s Equity Division. “We added new asset classes where we saw significant discounts and liquidity, such as B-notes and preferred REIT stock, as well as expanding our European footprint with lease