TORONTO--(BUSINESS WIRE)--On Monday, July 15, 2019, resolutions were passed by unitholders to appoint Slate Securities L.P. as manager and trustee of Sterling Mortgage Income Fund effective on or about August 6, 2019.
Sterling Mortgage Income Fund is a trust governed by the laws of the Province of Ontario that has been formed to provide access to the returns of Sterling Mortgage Income Fund Ltd. (the “Master Fund”), a company incorporated under the Companies Law (Revised) of the Cayman Islands as an exempted company limited by shares. Since inception, the Master Fund has been managed by Sterling Global Financial and will continue to be so.
Slate Securities L.P., an investment fund manager specializing in real estate investing and an affiliate of Slate Asset Management, is excited to add an income-oriented offering to its platform as it works to thoughtfully build out turn key investment solutions for investors and asset allocators looking for exposure to real estate.
“We see many benefits for unitholders, Sterling Global Financial, and Slate Securities L.P. in this newly formed relationship”, said Fraser McEwen, Partner of Slate Securities L.P. “With the continued strong investor appetite for income alternatives, we believe that Sterling Mortgage Income Fund fills a niche and, furthermore, Sterling Global Financial has a strong record of delivering consistent returns within an attractive risk management framework”.
“We are delighted with our new partnership with Slate Securities L.P.”, said Stephen Tiller, President of Sterling Global Financial. “We see a lot of synergies between Slate and Sterling that will ultimately benefit our investors. Furthermore, the transition to a FundServ platform should make this investment strategy more accessible to investors. On a global basis, we continue to experience the growing role for alternative asset income in our investor portfolios, given their non-correlation with public markets and risk reduction and diversification benefits”.
About Slate Securities L.P.
Slate Securities L.P. is an investment management platform specializing in real estate investing, across the private and public markets. As an affiliate of Slate Asset Management, an owner/operator of over $6.2 billion of real estate with a proven track record, Slate Securities has access to deal flow and unique insights in real estate investing.
Slate Securities L.P. is a registered PM, IFM and EMD with the Ontario Securities Commission. Slate is also registered in Alberta, British Columbia, Manitoba, New Brunswick, Nova Scotia, Prince Edward Island, Québec and Saskatchewan.
About Sterling Global Financial Ltd.
Sterling Global Financial (“Sterling”) is a prominent global alternative asset manager focused on real estate. Sterling has over 50 years of experience providing clients globally with a range of services including private banking, wealth management, and real estate development and lending. With offices in the Bahamas and Cayman Islands, Sterling has over $9 billion in assets under management and administration and is a winner of multiple prestigious awards for its real estate investment funds.