Knight Frank adds $184m in commitments for Long Income Property Unit Trust

Knight Frank Investment Management has raised an additional £150 million ($184 million) in equity commitments for its Long Income Property Unit Trust (KFIM LIPUT), building on £840 million ($1 billion) it had already raised.

The fund launched in February 2016 and has assembled a portfolio of 95 assets across the United Kingdom. These investments span the full spectrum of traditional and alternative real estate sectors.

The majority of original equity has been committed, and the new equity will target assets in line with the existing fund strategy.

“We are delighted to have again received strong support for the fund from new, and existing investors,” said Matthew McDonald, fund manager for KFIM LIPUT. “The market for our target assets has become increasingly crowded, and we set a target size for our equity raise taking account of this.”