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Posted: December 10, 2024
Canadian institutional investor commits to anchor SL Green Realty's SLG Opportunistic Debt Fund
Manhattan, NY According to SL Green Realty Corp., a Canadian institutional investor has committed to anchor the SLG Opportunistic Debt Fund with a $250.0 million commitment. The investor has been ranked among the world’s largest institutional investors that manages public and parapublic pension plans and insurance programs.
“A world class investor and the ideal anchor has been secured for the SLG Opportunistic Debt Fund,” said Harrison Sitomer, chief investment officer at SL Green. “We look forward to deploying SL Green’s fully integrated platform and New York market expertise to capitalize on a robust pipeline of investment opportunities at attractive risk-adjusted returns. We appreciate our anchor partner’s support and are excited to welcome additional best-in-class investors to the fund in the coming weeks.”
The SLG Opportunistic Debt Fund, which launched earlier this year, will seek to capitalize on current capital markets dislocation through structured debt investments in high-quality New York City commercial assets. The SLG Opportunistic Debt Fund will originate new loans and/or purchase existing loans, loan portfolios and controlling CMBS securities.
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