Catalyst Capital and Investec back Fairway Capital’s London residential fund
Fairway Capital, investment adviser to the Fairway Capital Property Fund, has secured a debt facility with Investec alongside cornerstone investor, Catalyst Capital.
The Jersey Expert Fund, launched in 2019, is positioned to take advantage of market opportunities created by Brexit and recent uncertainty surrounding COVID-19. The value-add components of the fund’s strategy provide a hedge against any further decline and ensure no reliance upon capital growth to deliver risk-adjusted returns.
The fund is currently in the middle of its second fundraise and is targeting £100 million ($127 million) in equity commitments.
“Typically our investor base consists of family offices and high-net-worth individuals and, while these remain active, we are seeing much increased interest from institutional investors, who recognize this as a once-in-a-generation opportunity to invest in PCL,” said George Brooksbank, founder and CEO of Fairway Capital.
He added: “In