Gresham Property was founded in 2001 and has one of the longest track records in real estate private debt in Australia.
The Gresham Property team has achieved a successful final close at $760 million of wholesale investor commitments for its latest Fund, the Gresham Property Fund No. 8 (GPF8).
The GPF8 investment strategy follows the team’s successful prior funds that were focussed on unitranche debt loans funding real estate development transactions.
Unitranche loans offer borrowers an efficient single step funding solution which replaces the traditional two-stage “senior plus mezzanine” approach to funding and are typically secured by first ranking security.
GPF8 investors have an exclusive right but no obligation to participate in additional potential co-investment opportunities via a GPF8 “sidecar funding tranche” as well.
With the support of GPF8 investors, in addition to funding investments through the main Fund, GPF8 has made Sidecar investments for a further $950 million.
The Gresham Property Fund No.8 is closed for new investments.
