Cheyne Capital has launched its second impact real estate fund, the Cheyne Impact Real Estate Trust. Following the first investor allocations, the fund is able to deploy an initial £150 million ($185 million) to address the greater-than-ever need for long-term, affordable housing in the United Kingdom.
The fund will focus on working with a mixture of councils, housing associations and charities from across the United Kingdom to provide affordable and key worker housing as well as supported living facilities, care provision and mixed-tenure developments.
The fund is evergreen and aims for a balanced approach to financial and social return with a view to generating a stable, long-term, inflation-linked dividend while creating positive social outcomes. It seeks to address at least three of the U.N. Sustainable Development Goals: Good Health & Wellbeing, Reduced Inequalities and Sustainable Cities & Communities.
Ravi Stickney, head of real estate at Cheyne
