Creating a branch in TFS 2013 fails with TF10175

Hello,

We have updated our TFS server from TFS 2012 to TFS 2013 Update 4.

I have notice that now the option  "create new source from branch" was removed during the creation a new team project.

I then tried to create a new branch but I get the following error message:

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Microsoft Visual Studio
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Branch from TEST2012SP5

TF10175: The team project folder $/TEST2012SP5-branch does not exist. Contact your Team Foundation Server administrator and ask that it be created.
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OK   Help   
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Regards,

/Eric