TD Asset Management Inc. has closed its first loan in its newly-launched global private credit strategy, the TD Greystone Global Private Credit Fund. The fund is part of the TD Greystone private markets platform, which manages C$42.4 billion of assets. This initial deployment involves a sole-sourced, bilateral loan that monetizes equity distributions of operational fibre networks in North America, structured with appropriate covenants and reserve accounts while targeting an 8% to 10% unlevered yield. The firm expects the fund’s second and third deals to follow rapidly, and has recently added origination specialists in London, UK, after adding specialists in Toronto and New York in 2025.
Toronto Dominion BankTD Asset Management launches a new global private credit fund and closes first loan, expanding its private markets platform and fee-generating assets.
TD Greystone's new Global Private Credit Fund closes its first loan, with more deals expected, growing its private markets platform.