Canadian manager launches global private credit fund
Canadian manager TD Asset Management (TDAM) has launched a global private credit strategy focused on sub-investment grade assets for institutional investors.
The TD Greystone Global Private Credit Fund provides open-ended exposure to private credit across a range of markets, including direct lending, real estate debt, infrastructure debt and specialty finance, without the need for investors to navigate multiple fund vintages, the firm said.
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The strategy will invest across senior secured, junior secured and subordinated debt, and will give investors access to TDAM’s corporate credit pipeline.
“While the current investment environment features an array of private credit solutions, our new fund provides clients with a simple, one-stop solution offering diversified exposure in a flexible, open-ended structure with no performance fees,” said Colin Lynch, managing director and head of alternative investments at TDAM.
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TDAM manages assets on behalf of almost two million retail investors, with its businesses overseeing C$527bn (£286bn). The firm also offers strategies including investment-grade private debt, global real estate, Canadian commercial mortgages and global infrastructure.
Lynch added: “We believe our newest fund showcases the breadth and depth of TDAM’s credit expertise, and we remain focused on providing solutions that meet the evolving needs of institutional investors.”
