GoldenTree Asset Management, the N.Y.-based firm run by Steven Tananbaum and Leon Wagner, is planning to roll out a multi-strategy fund next month that will invest in the firm's existing strategies. The GoldenTree MultiStrategy fund will allocate to the firm's master fund, credit opportunities, capital solutions and real estate strategies, according to a Lehman Brothers capital introductions document. It has two share classes, including one with a five-year lockup requirement. The firm's $2 billion master fund strategy is slated to initially represent 35% of the fund. It comprises a range of investments, including capital structure arbitrage, pair trading, distressed, equity, derivatives and shorts. The credit opportunities bucket will also have a 35% allocation. The capital solutions slug, which includes middle market first and second-lien mezzanine loans and direct middle-market lending, will comprise 15%. The remainder is slated to be invested in real estate, including mezzanine loans and direct equity.
Real estate is a new strategy for the firm, which formed GoldenTree InSite Real Estate Partners earlier this year and tapped Tom Shapiro from Tishman Speyer Properties to spearhead the effort. Calls to Oliver Wriedt, director of marketing, were not returned.
