January 08, 2026
TCFF IX is the ninth offering in Trez Capital's Finance Funds series, with a track record dating back to 2007
Reported by Senior Reporter – Real Estate, Jake Carter
Trez Capital is gearing up to raise capital for its latest commercial mortgage debt vehicle, With Intelligence has learned.
The fund, Trez Capital Finance Funds IX, will focus on US-based assets and is targeting a 9–11% net IRR. The $5.4bn manager is expected to launch the fund towards the end of Q1 of 2026, with a final close planned before the end of the year. Moreover, Fund IX will primarily target institutional investors, including corporate, municipal and provincial pension funds, as well as union-backed schemes.
Family offices are also expected to participate to a lesser extent, according to sources close to the matter. The fund is expected to invest through a limited partnership structure, with Trez Capital deploying its in-house sourcing and underwriting capabilities to build a conservative portfolio of commercial mortgage investments.
Founded in 1997, Trez Capital is a diversified real estate investment manager specialising in commercial real estate debt and equity across North America.
The firm provides private and institutional investors with access to a range of opportunistic, fully secured mortgage investment strategies, while offering property owners and developers flexible short- to mid-term financing solutions.
Read the full article on with. Intelligence