Timbercreek Raises €123.5M for Second Irish Real Estate Debt Fund

Canadian alternative real estate investment manager Timbercreek Capital said it has made a €123.5M final close on its second Irish real estate debt fund, Timbercreek Ireland Fund II.

Timbercreek said the closed-end fund may recycle capital during its lifetime and will seek to deploy €300M into middle-market transitional real estate loans in Ireland. Institutional investors in Fund II included the Ireland Strategic Investment Fund and the Alberta Investment Management Corporation.

Timberland said it has been investing in Ireland for over seven years and is particularly attracted to the market based on its strong economic performance and higher occupier demand than in many other global regions. The company said it believes the fund’s strategy is timely as it seeks to capitalize on opportunistic lending at reset real estate values.

Source: https://www.globenewswire.com/en/news-release/2024/11/01/2973386/0/en/Timbercreek-Capital-Announces-Final-Close-of-Second-Irish-Real-Estate-Debt-Fund-at-123-5-million.html

Written By: Dakota

Related Content

San Jose Police & Fire Commits $158M to Alts in December 2024 Deals
February 11, 2025

Cresset Rebrands Private Funds Business as Peakline Partners
February 11, 2025

San Francisco ERS Allocates $344.4M to Six Alts Funds
February 10, 2025

Houston Police Sees $555M in 2025 Alts Pacing, Commits $15M to NB RESOF II
February 07, 2025

Virginia Retirement Commits $1.5B to Alts, Ends Nitorum, Orchard Investments
February 06, 2025

The Database For Cold Outreach to Reach Institutional and RIA Investors

Book A Demo

Timbercreek Raises €123.5M for Second Irish Real Estate Debt Fund

Subscribe

Related Content

The Database For Cold Outreach to Reach Institutional and RIA Investors

Address

Products & Services

Resources

Podcasts

Events

Company