Children’s Investment Fund | The Real Deal New York

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Children’s Investment Fund

1270 Sixth Avenue, Suite 1908
New York, NY 10020
(212) 468-1050
Website
info@tcifund.com

The Children's Investment Fund (TCI or TCI Fund Management Ltd.) is a United Kingdom-based hedge fund founded in 2003 by Christopher Hohn, that has financed several large development projects in New York City following the 2008 recession. The firm has offices in London and New York. The loans are often provided under an affiliated subsidiary, Talos Capital, which is based in Dublin, Ireland. The fund was originally contractually obligated to provide money to The Children's Investment Fund Foundation. However, since 2014, the hedge fund is no longer contractually obligated to contribute, but it may still contribute on a discretionary basis.

The fund has provided loans to projects such as Macklowe Properties and CIM Group's condominium redevelopment 737 Park Avenue, and Related Companies and Oxford Property Group's 15 Hudson Yards.


06/16/17
...million The international hedge fund known as the Children's Investment Fund has often stepped up for condo builders when banks step down. Last month, HFZ...

04/05/17
...on $450 million in financing from the United Kingdom's Children's Investment Fund to build the 520 Park Avenue, but evidence of such a transaction has never been...

04/03/17
...condominium project on the Upper East Side. The Children's Investment Fund (TCI), a United Kingdom-based hedge fund that has been one of the chief providers...

11/11/16
...Properties Group received a $695.5 million loan from the Children's Investment Fund for 35 Hudson Yards, part of a total of $1.2 billion in financing on the property...

07/28/16
...a $1.2 billion loan to build 35 Hudson Yards. The Children's Investment Fund, a U.K.-based hedge fund, provided the debt for the 1,000-foot tall mixed-use...

07/22/16
...The tower is financed in part by the Children's Investment Fund, a U.K.-based hedge fund. Construction began in late 2014 and is expected to...

09/10/15
...s participation in its 80/20 program. A spokesperson for Children's Investment Fund declined to comment. The building is scheduled to be completed in 2018. Hohn’s London-based...

12/03/13
...for the $1 billion project was provided by the Children's Investment Fund, with international program and cost management firm Cumming providing project monitoring services on the...

05/15/13
...economy tanked in 2008. If the financing deal with Children's Investment Fund Management does close, the developer will have his second shot at the project, located...

10/31/12
...billion — just scored an important financial backer. The Children's Investment Fund Foundation, famous for donating a portion of its profits to charity, will lend $400 million...

08/25/11
...end of next year or in 2013.   The Children's Investment Fund, based in London, provided $250 million in first mortgage loans for the purchase, rehabilitation and...
  • Event Financing
  • Address 520 Park Avenue
  • Neighborhood Lenox Hill
  • Borough Manhattan
  • Price $ 75,000,000
  • Publication Date 05/01/2017
  • Event Date 03/17/2017
  • Party 1 Zeckendorf Development
  • Party 2 Children's Investment Fund
notes
The $75 million refi consolidated a new $25 million mortgage with a previous $50 million loan which was issued in 2014.
  • Event Financing
  • Address 520 Park Avenue
  • Neighborhood Lenox Hill
  • Borough Manhattan
  • Publication Date 12/01/2014
  • Event Date 10/22/2014
  • Party 1 Zeckendorf Development
  • Party 1 Brokerage JLL
  • Party 2 Children's Investment Fund Management
notes
A $450 million construction loan was arranged for the 51-story condo
  • Event Financing
  • Address 30 Park Place
  • Neighborhood Tribeca
  • Borough Manhattan
  • Publication Date 07/01/2013
  • Event Date 05/22/2013
  • Party 1 Silverstein Properties, CalSTRS
  • Party 2 Children's Investment Fund Management (UK) LLP
notes
A $660 million construction loan was provided for the project, which will include a Four Seasons hotel and private residences. Construction will begin on the 82-story tower in fall 2013. The grand opening is slated for 2016. 82-story apartment building.
Manhattan, 10021
Macklowe Properties, 737 PARK AVENUE ACQUISITION LLC
...
Manhattan, 10007
Silverstein Properties, 30 PARK PLACE RESIDENTIAL LLC
...
Manhattan, 10011
HFZ Capital Group, 76 ELEVENTH AVENUE PROPERTY OWNE
...
Manhattan, 10001
Related Companies, ERY SOUTH RESIDENTIAL TOWER LLC
...

11/11/16
...Properties Group received a $695.5 million loan from the Children's Investment Fund for 35 Hudson Yards, part of a total of $1.2 billion in financing on the property...
Manhattan, 10021
Macklowe Properties, 737 PARK AVENUE ACQUISITION LLC
...
Manhattan, 10007
Silverstein Properties, 30 PARK PLACE RESIDENTIAL LLC
...
Manhattan, 10011
HFZ Capital Group, 76 ELEVENTH AVENUE PROPERTY OWNE
...
Manhattan, 10001
Related Companies, ERY SOUTH RESIDENTIAL TOWER LLC
...
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