Timbercreek Capital Inc. launches its first open-ended North American private debt fund
April 20, 2022
On April 27, 2022, Timbercreek Capital Inc. ("Timbercreek Capital") announced the launch of its first open-ended North American private debt fund, in collaboration with a large global institutional investor as a strategic partner and lead investor. The Timbercreek North American Mortgage Fund is a real estate debt strategy that invests in short-term commercial real estate-secured mortgages in select North American markets. The strategy is anticipated to generate a 9-10% annual net return, and assist in Timbercreek Capital's continued expansion into the United States.
Timbercreek Capital is one of Canada's leading alternative asset class investment managers, focused on providing structured financing solutions to experienced real estate owners and investors across selectively identified urban centres primarily in Canada, Ireland and the United States.
McCarthy Tétrault advised Timbercreek Capital with a team led by Joyce Lee that included Michael Eldridge, Gerald Gaunt, Curtis Chance, Jordan Chu and Rachael Carlson (Business); Kim Brown and Jeremy Ho (Tax); Sean Sadler (Securities Regulatory); D.J. Lynde, Stefan Mirkovic and Gurvir Sangha (Financial Services); and Deborah Kay and Sandra Belton (Corporate).