Tunstall raises €55m(1)

The London-based asset management firm launches first credit fund.

Tunstall Real Estate Asset Management has held a first closing of its new Netherlands-focused discounted pay-off debt fund at €55 million. The fund’s strategy is to acquire non-performing loans with a view to working with the borrower to create performing loan assets, such as through DPO deals where a new loan is issued to refinance legacy debt.