Greenwich, Connecticut-based TriLyn has formed an investment management platform focused on opportunities in high-yield commercial real estate debt. In conjunction with the platform’s formation, the boutique asset management and investment firm has hired the former chief executive officer of Brookfield Investment Management to co-lead the new real estate debt arm.
According to a statement issued by TriLyn, the new unit, TriLyn Investment Management, will be co-managed by TriLyn's founder Mark Antoncic along with John Feeney, Jr., who recently was hired to help run the investment management unit. Prior to joining TriLyn, Feeney served as president and CEO of Brookfield Investment Management, as well as head of the firm’s investment committee.
A spokeswoman for TriLyn confirmed that this is not the same John Feeney that joined Henderson Global Investors as head of real estate debt in March. That Feeney was a co-founder of Bank of America’s European and Asian real estate lending platforms.
Feeney said in a statement: “TriLyn will invest in a wide range of debt securities, for which opportunities continue to grow in the marketplace as the pace of restructuring activity picks up in the lurching real estate recovery.”
TriLyn Investment Management is capitalised by Dallas-based Akard Street Partners, an investment partnership between Hunt Realty Investments and the Teacher Retirement System of Texas. Akard was established in 2009 to invest in select private real estate investment and operating companies with the ability to create franchise value.
Antoncic, who formed TriLyn in 2002, said: “Akard's capital and John Feeney's experience position TriLyn to expand our established asset management and structured debt expertise into the fund management business at a time when we can take advantage of significant investment opportunities in the real estate capital markets for new and existing clients. Akard's support gives this platform an invaluable foundation, as well as an exceptional endorsement from highly sophisticated institutional investors.”