As of September 24, 2026, the fund held 11 loan investments across England, totaling approximately $49 million. This allocation accounts for 10.4% of the fund’s total portfolio. The expansion targets a variety of sectors, including hotels in Wakefield and Gloucester, multifamily housing in Bristol, and mixed-use developments in Richmond. Each loan is backed by first-ranking legal charges, utilizing the established property transparency frameworks of England and Wales to protect lender interests.
Richard M. Duff, portfolio manager and managing partner at Redwood, emphasized that the shift in geography does not equate to a shift in underwriting standards. The firm continues to prioritize borrower equity commitments and clear repayment paths. While the U.K. market offers new opportunities, it also introduces complexities such as currency fluctuations and varying local regulatory conditions. For investors, the inclusion of these assets is intended to complement existing U.S. holdings while maintaining the fund’s focus on current income and capital preservation.
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