Alpha Real Capital has launched its European Long Income Fund (ELIF), targeting euro-denominated, asset-backed, secure inflation-linked income streams, according to the specialist manager of long income real assets.
The fund will invest in commercial ground rents, amortizing income strips and long lease property, such as sale and leasebacks. The fund will concentrate on real estate investment opportunities in the euro zone, with an initial focus on Germany, the Netherlands and Ireland.
“With nominal yields in northern Europe forecast to be close to zero or negative for the long term, we believe that secure income derived from long income property is an increasingly attractive asset class for European pension funds and insurers,” said Hugo James, partner and head of long income. “We believe these structures can offer new and attractive funding solutions to owners and acquirers of operational real estate.”
Alpha has successfully deployed more than €2.9 b
