IBI TEVEL is a limited partnership that was established in 2021 and registered in the Cayman Islands. The fund invests in commercial credit backed by real estate assets, with first-lien mortgages for medium and large businesses in Poland. The investments are executed by IBI Polska Secured Funding, a subsidiary of IBI incorporated in Poland. The fund pays fixed coupons to its investors, depending on the class and investment route (distributing/accumulating).
The loans are short-term loans (up to 3 years) and secured by real estate assets with first-lien mortgages or direct ownership of the assets. The fund invests in commercial credit for businesses in Poland through IBI Polska, which conducts its investments with a team of 20 employees based in Warsaw, Poland. IBI Polska is responsible for identifying borrowers, conducting underwriting (in collaboration with the fund’s team in Israel), and the ongoing management of the loan portfolio. Loan repayments in Poland serve the fund to pay coupons to its investors.
