TD Asset Management launches TD Greystone Global Real Estate Fund
TD Asset Management (TDAM) has launched its latest alternative investment solution, the TD Greystone Global Real Estate Fund.
The firm has over 30 years of experience managing alternatives, and the Fund joins TDAM's comprehensive alternative suite, which includes Canadian real estate, Canadian commercial mortgages and global infrastructure.
"As investors increasingly look to manage portfolio risk, there is now a greater demand for adding a global real estate allocation that can complement an existing Canadian real estate mandate by providing additional diversification, a greater opportunity set, and the potential to enhance risk-adjusted returns," says Colin Lynch, Vice President & Director, Global Real Estate Investments, TDAM. "We are pleased to provide a fund with access to the benefits of privately held global real estate assets."
The investment objective of the Fund is to seek strong long-term, risk-adjusted returns by investing in a diversified portfolio of direct and indirect global real estate investments. The Fund was seeded in 2019 and is diversified by location, property type and risk strategy from the first dollar invested. The Fund has exposure to over 500 properties located in approximately 15 countries.
"We continue to focus on evolving our investment solutions in response to client needs and the ever-changing investment environment," says Ted Welter, Chief Investment Officer of Alternative Investments and Managing Director, TDAM. "Our latest fund was built keeping the firm's framework of investment discipline and operational excellence top of mind so that our investment team can focus on one singular vision — protect, grow and build our clients' real estate portfolios."