Tunstall Real Estate Asset Management’s first European fund, originally set up to invest in Dutch non-performing loans, is expanding its lending strategy to include eight additional countries.
The pan-European alternative investment management firm said the €130m DPO Fund 1 will now consider opportunities with borrowers in Germany, Denmark, Sweden, Finland, Poland, France, Portugal and the Czech Republic.
Launched a year ago, DPO Fund 1 is a special situation debt fund set up to facilitate the restructuring of non-performing loans held against otherwise performing assets.
Roger Clarke, the chief executive of Tunstall, said: “Having successfully deployed the first round of capital raised for the fund into restructured loans, we are now expanding our investment horizons in view of the broad appetite for the kinds of specialist solutions that we can provide and which are not otherwise readily available.
“Our latest loan marks an exciting new addition to our offering and reflects our ability to work with borrowers to achieve financial solutions that mainstream lenders are unable to facilitate, positioning Tunstall as an attractive partner for many sponsors across Europe.”
Tunstall was founded by Clarke in affiliation with European property investment firm M7 Real Estate.