Cheyne Capital launches second real estate impact fund

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