Ento Capital opens U.K. property fund to investors

Ento Capital has launched a $50 million property fund targeting a diverse portfolio of investments in the United Kingdom.

The vehicle, known as the Al Rajhi Legacy Fund, is a closed-end fund that is incorporated in Dubai and registered as an exempt fund under the laws of the Dubai Financial Services Authority.

“We are pleased to be launching this fund, which will invest its net assets, plus the amount of any borrowing for investment purposes, in different sectors of real estate income-generating properties as well as in REITs,” said Hayssam El Masri, senior executive officer at Ento Capital.

The fund has raised capital from members of Saleh Al Rajhi family, a billionaire family in Saudi Arabia. Al Rajhi Legacy Fund will accept investments from corporations, high-net-worth individuals and family offices.