Key Takeaways
- • TD Asset Management Inc. launched the TD Greystone Global Real Estate Fund L.P., expanding its alternative investments platform with a globally diversified real estate strategy targeting institutional investors.
- • The Fund holds exposure to over 500 properties across approximately 15 countries, diversified by location, property type, and risk strategy, and was seeded in 2019 to provide risk-adjusted returns complementary to existing Canadian real estate allocations.
- • TDAM leverages over 30 years of alternative investment management experience, with this fund joining an existing suite that includes Canadian real estate, Canadian commercial mortgages, and global infrastructure.
- • The Fund seeks strong long-term, risk-adjusted returns through direct and indirect global real estate investments, addressing institutional investor demand for portfolio diversification and enhanced risk management.
- • Colin Lynch, Vice President & Director of Global Real Estate Investments at TDAM, emphasized the Fund's role in providing access to privately held global real estate assets while maintaining the firm's framework of investment discipline and operational excellence.
Summary
TD Asset Management Inc. (TDAM) introduced the TD Greystone Global Real Estate Fund L.P. on February 6, 2020, marking a strategic expansion of its alternative investment offerings for institutional clients. The Fund represents TDAM's response to growing institutional investor demand for global real estate exposure that complements existing Canadian real estate mandates while enhancing portfolio diversification and risk-adjusted returns.
The Fund was seeded in 2019 and is structured to provide immediate diversification across multiple dimensions. It currently holds exposure to over 500 properties located in approximately 15 countries, with exposure distributed across varying property types and risk strategies. This geographic and asset-class diversification is designed from inception to reduce concentration risk and provide institutional investors with access to privately held global real estate assets that may be unavailable through traditional public markets.
According to Colin Lynch, Vice President & Director of Global Real Estate Investments at TDAM, the Fund addresses a clear market need: "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." Ted Welter, Chief Investment Officer of Alternative Investments at TDAM, noted that the fund was developed within the firm's established framework of investment discipline and operational excellence, enabling the investment team to focus on protecting, growing, and building client real estate portfolios.
The Fund integrates seamlessly into TDAM's broader alternative investment suite, which already encompasses Canadian real estate, Canadian commercial mortgages, and global infrastructure strategies. This positioning reflects TDAM's 30-year track record in managing alternative assets and its commitment to evolving investment solutions in response to institutional client needs and market dynamics.
The Fund was seeded in 2019 and is structured to provide immediate diversification across multiple dimensions. It currently holds exposure to over 500 properties located in approximately 15 countries, with exposure distributed across varying property types and risk strategies. This geographic and asset-class diversification is designed from inception to reduce concentration risk and provide institutional investors with access to privately held global real estate assets that may be unavailable through traditional public markets.
According to Colin Lynch, Vice President & Director of Global Real Estate Investments at TDAM, the Fund addresses a clear market need: "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." Ted Welter, Chief Investment Officer of Alternative Investments at TDAM, noted that the fund was developed within the firm's established framework of investment discipline and operational excellence, enabling the investment team to focus on protecting, growing, and building client real estate portfolios.
The Fund integrates seamlessly into TDAM's broader alternative investment suite, which already encompasses Canadian real estate, Canadian commercial mortgages, and global infrastructure strategies. This positioning reflects TDAM's 30-year track record in managing alternative assets and its commitment to evolving investment solutions in response to institutional client needs and market dynamics.
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