TD Asset Management launched on Feb. 6 a new alternative investment solution – the TD Greystone Global Real Estate Fund L.P..
The fund joins TDAM's 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," said 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 has exposure to over 500 properties located in approximately 15 countries.
