Marlin Spring is pleased to announce the successful initial closing of over $115 million for its Development Fund. The Fund was launched in December 2020 and had its first close in April 2021, with capital commitments from a prominent group of investors.

We are honoured to have Osmington Inc., one of the most prestigious Canadian real estate firms, add their name alongside Marlin Spring to be the cornerstone investor in this Fund and are grateful for their ongoing support.

We welcome Manulife Investment Management to the Marlin Spring Fund, joining as a lead investor with a commitment sourced from Manulife Financial Corporation’s balance sheet. We are confident the fund will benefit from their private equity team which has a well-established track record of investing in real estate development projects in the GTA.

We thank McCarthy Tétrault for their legal work on behalf of the fund and Kin Capital for their involvement, as well as the many dedicated individuals whose contributions were instrumental to the success of the Fund.

We thank our partners for their continued confidence in us and the entire Marlin Spring team for their inspiring efforts, getting this done in record time and through such a unique period.

This accomplishment is a significant milestone for Marlin Spring and is reflective of the dedication, excellence and collaboration of the entire team who remain focused on our mission to deliver exceptional real estate value to all our stakeholders with an uncompromising adherence to our core values.

To read the News Release: https://lnkd.in/eK2T_rc