AEW has launched its first, place-based impact investing strategy, the AEW UK Impact Fund (UKIF).
UKIF is an open-ended fund that is seeded with a diversified £100 million (€117 million/$126 million) portfolio of U.K. assets comprising specialist supported living, key worker accommodation and care homes together with community and residential-led town center regeneration projects that influence well-being.
The launch of UKIF follows the receipt of approval by the FCA and investors to transition the AEW Real Return Fund (RRF) into the new strategy using RRF’s existing portfolio of impact assets. The fund will benefit from RRF’s seven-year track record of investing in alternative sectors influenced by social and demographic needs, with RRF topping both the MSCI/AREF U.K. Long Income Open-Ended Property Fund Index and the MSCI/AREF All Balanced Funds Index over a five-year period last quarter.
AEW is now actively looking to raise capital on behalf of UKIF, t
