TORCHLIGHT INVESTORS, LLC other names

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Adviser Profile

As of Date:

03/30/2024

Adviser Type:

- Large advisory firm

Number of Employees:

59

of those in investment advisory functions:

22 -8.33%

Registration:

SEC, Approved, 2/27/1998

AUM:

6,509,835,769 13.62%

of that, discretionary:

6,506,132,198 13.70%

GAV:

6,467,273,637 13.88%

Avg Account Size:

650,983,577 13.62%

SMA’s:

NO

Private Funds:

6

Contact Info

212 xxxxxxx

Websites :
Client Types:

+

Advisory Activities:

+

Compensation Arrangments:

+

Reported AUM

Discretionary
Non-discretionary
6B 5B 4B 3B 2B 2B 817M
2015 2016 2017 2018 2019 2020 2021 2022 2023

Recent News

Why Torchlight Energy Resources Stock Plunged 26% in March
04/06/2021

Still, there are incentives for Torchlight investors here, and a reason to be pleased with the somewhat unusual deal. Image source: Getty Images. That said, in mid-March Torchlight announced that ...

NASDAQ

Florida golf courses that survived lightning damage and Hurricane Michael to get new life
04/02/2021

(Photo courtesy of the Bay Point Golf Club.) Wanner added that the courses are currently owned by Torchlight Investors, a company based in New York that also owns the Sheraton Panama City Beach ...

Yahoo Finance

Philip Morgan Steps Up as MORGAN CEO
04/01/2021

He started his career at Torchlight Investors, formerly ING Clarion. As division head of the East Coast region, Schlecker oversaw all aspects of MORGAN’s activities across Florida. The executive ...

multihousingnews.com

Michigan Communities Get $108M in Financing
03/31/2021

Torchlight Investors has secured a total of $108.3 million in financing for two multifamily properties in Michigan. Berkadia arranged the 12-year fixed-rate acquisition financing for both properti ...

multihousingnews.com

Illinois SURS commits $100 million to real estate debt
03/22/2021

Illinois State Universities Retirement System, Champaign, committed $100 million to two real estate debt strategies during a March 12 board meeting, confirmed spokeswoman Beth A. Spencer in an email.

pionline.com

Illinois SURS commits $100 million to real estate debt
03/22/2021

Illinois State Universities Retirement System, Champaign, committed $100 million to two real estate debt strategies during a March 12 board meeting, confirmed spokeswoman Beth A. Spencer in an email.

pionline.com


Private Funds Structure

Fund Type Count GAV
Hedge Fund 4 $6,411,381,437
Private Equity Fund 1 $51,869,383
Other Private Fund 1 $4,022,817

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Private Funds



Employees




Brochure Summary

Overview

Torchlight Investors, LLC (“Torchlight”) is registered as an investment adviser with the SEC. Together with its affiliates, Torchlight has 59 employees and a seasoned management team that averages over 25 years of experience. Torchlight has been managing commercial real estate related investments (predominately debt investments) for institutional clients since 1995. Torchlight is a wholly-owned subsidiary of Torchlight Holdings, LLC, a holding company owned directly or indirectly by Torchlight employees. Daniel Heflin, the Co-Chief Executive Officer and Co-Chief Investment Officer of Torchlight, indirectly owns more than 25% of Torchlight. No individual, other than Mr. Heflin, beneficially owns 25% or more of Torchlight. Torchlight provides discretionary investment management and advisory services to institutional investors relating primarily to commercial real estate related investments (with a focus on debt instruments), including but not limited to, commercial mortgage-backed securities (“CMBS”), commercial real estate loans, and subordinated interests including mezzanine investments, preferred equity and equity. Torchlight provides discretionary investment advice primarily through private investment funds sponsored by Torchlight (“Torchlight Funds”). Torchlight provides discretionary advisory services to each Torchlight Fund pursuant to written agreements (such as limited partnership agreements, investment management agreements and side letters) that specify the terms of the engagement, such as investment objectives, investment restrictions, compensation and
termination (in each case, the “Governing Agreements”). In providing these services, Torchlight determines when and which investments will be acquired or disposed of on behalf of its clients so as to maintain a portfolio consistent with the objectives and policies of each client, based upon Torchlight’s assessment of investment and divestment opportunities available at the particular time. Torchlight provides advisory services directly to the Torchlight Funds, based on the strategy of the particular Torchlight Fund, and not individually to the investors in the Torchlight Funds. Historically Torchlight has provided discretionary advice with respect to separate accounts of institutional clients but does not manage any separate accounts at present. Discussions herein regarding fees and compensation, conflicts of interest, investment strategies, risk of loss, brokerage practices, review of accounts, and voting of client securities generally refer to Torchlight Funds but are applicable to clients that engage Torchlight to manage separate accounts. Torchlight provides non-discretionary services as collateral manager to two “CDOs” (i.e., issuers of collateralized debt obligations. Services rendered by Torchlight to CDOs consist of monitoring securities held by the CDOs, consulting with and preparing reports for the trustees of the CDOs and rating agencies and disposing of defaulted securities held by the CDOs. Torchlight managed $5,678,345,630 on a discretionary basis and $7,106,379 on a non-discretionary basis as of December 31, 2022.