Western Canada High Yield Mortgage Fund (WCHY)
Managed by Cameron Stephens Mortgage Capital Ltd.
Data as of: June 4, 2025
This review is compiled by WOWA for informational purposes only and is not investment advice, an offer, or a solicitation. Figures are drawn from the manager's published materials as of the dates shown and may change. Returns are historical and do not guarantee future results. Verify all details with the manager or a licensed advisor before investing.
AUM
$70M CAD
About Western Canada High Yield Mortgage Fund (WCHY)
Western Canada High Yield Mortgage Fund is a private real estate debt fund launched in June 2025 to invest in secured commercial mortgage opportunities in Alberta and British Columbia. Its strategy includes income-producing properties, land with near-term development potential, construction financing and syndicated first-mortgage investments across multifamily, light-industrial, retail and other commercial real estate.
The fund reports approximately $70M CAD in assets.
At a glance
| Assets under management (AUM) | $70M CAD |
| Structure | Partnership |
| Investor access | Institutional only |
Western Canada High Yield Mortgage Fund (WCHY) portfolio and performance
Western Canada High Yield Mortgage Fund (WCHY) holds mortgages in is composed of the u.s. mortgages (0%); it also is composed mainly of bc and alberta mortgages.
Western Canada High Yield Mortgage Fund (WCHY) facts
Fund structure
| Structure | Partnership |
| Manager | Cameron Stephens Mortgage Capital Ltd. |
| Latest data | June 4, 2025 |
Fees
| Management fee | None disclosed |
| Performance fee | None disclosed |
Additional fund details
The fund was launched on June 4, 2025, with an initial committed capital pool of $70 million, consisting of $35 million from family offices and a $35 million allocation from BSHY. This amount represents committed capital at launch and should not be interpreted as confirmed current AUM or NAV. The fund initially focuses on Alberta and British Columbia, although detailed provincial allocations are not publicly disclosed. Its strategy includes financing income-producing properties, development land and construction projects, as well as participating in syndicated first mortgages. These investments may include subordinated positions within a first-mortgage structure.
Who can invest in Western Canada High Yield Mortgage Fund (WCHY)?
Institutional access only
This fund is offered to Canadian institutional investment professionals only and is not available to individual investors.
Minimum investment terms are not publicly disclosed.
About Cameron Stephens Mortgage Capital Ltd.
Founded in 2004, Cameron Stephens Mortgage Capital Ltd. is a Canadian commercial real estate lender and investment manager with just under $3.6 billion in assets under administration, including approximately $3.0 billion of institutional assets and $0.6 billion of private assets. Its mortgage investment platform includes Cameron Stephens Mortgage Trust, Bay Street High Yield Fund and Western Canada High Yield Fund. The broader Cameron Stephens platform also provides institutional mortgage financing and real estate equity investments through Cameron Stephens Equity Capital.
Compare other funds by Cameron Stephens Mortgage Capital Ltd.
Cameron Stephens Mortgage Capital Ltd. manages several mortgage investment entities (MIEs) with different loan and investment objectives. Compare its other funds below.
| Fund | Primary strategy | Approx. size | |
|---|---|---|---|
| Bay Street High Yield Mortgage Fund (BSHY) | N/A | $350M CAD | Learn More |
| Cameron Stephens High Yield Mortgage Trust | N/A | $140M CAD | Learn More |
Frequently asked questions
No. It is offered to institutional investors.
The fund is managed by Cameron Stephens Mortgage Capital Ltd..
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