Fundraising - JUNE 26, 2015

To read this full article you need to be subscribed to Newsline.

Sign in Start Your Free Trial Now View Purchase Options

Bridges Ventures holds £212m final close for U.K. fund

by Andrea Waitrovich

Bridges Ventures has announced the final close of its Bridges Property Alternatives Fund III, raising £212 million ($333.63 million) to invest in U.K. property. The fund will apply leverage at a project level to provide it with potential buying power in excess of £500 million ($786.88 million).

Investors comprise European and U.S. institutions. Around 80 percent of the capital came from U.K. and U.S. pension funds, including local authority pension funds in Greater Manchester, Merseyside and South Yorkshire. In addition, capital was from family offices, foundations and insurers, including U.S.-based Prudential Financial.

The fund invests in direct property and property-backed businesses, focusing on regeneration areas, buildings showing environmental leadership, and niche sectors affected by changing demographics and consumer needs, including healthcare, education, small and medium-size enterprise business space, and affordable residential accommod

Glossary, videos, podcasts, research in the Resource Center

Forgot your username or password?

Close your account?

Your account will be closed and all data will be permanently deleted and cannot be recovered. Are you sure?

We respect your privacy! Please give consent for processing data as described in our Privacy Policy