Investment Portfolio
TFG seeks to invest across a broad range of assets in multiple geographies. TFG currently invests primarily through long-term funding vehicles, such as collateralized loan obligations (“CLOs”).
TFG’s net assets, which totalled $1,621.4 million at the end of 2012, currently consists mainly of:
- corporate loans, both directly owned and indirectly owned through CLO investments;
- equity, credit, and convertible bonds owned through Polygon fund investments;
- real estate (owned through GreenOak fund investments or similar arrangements); and
- cash.
The chart below shows the split of net assets by asset class at year-end for the prior three years.
The bulk of the investment portfolio consists of TFG’s CLO investments, with a fair value of $1,214.4 million as of 2012 year-end. TFG’s investments in Polygon funds and real estate funds totalled $56.5 million and $25.7 million, respectively, as of the end of 2012. Please see TFG’s most recent Annual Report available on this website for further information.