Fundraising - FEBRUARY 9, 2016

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Knight Frank holds first close of £300m for first fund

by Zoë Wolff

Knight Frank Investment Management has held a first close of £300 million ($431.6 million) for its new open-end fund, according to a statement.

“Launching our first fund is an important step in the on-going development of the KFIM business,” said Kevin Aitchinson, CEO of KFIM, in a statement.

KFIM says the fund will provide low risk and consistent long-term income return by targeting well-leased assets with strong underlying property fundamentals.

Equity for the fund was provided by pension funds advised by Willis Towers Watson “who were looking for innovative secure-income investment solutions with attractive fund terms as well as structures which align interests,” said Aitchison.

Matthew McDonald was recruited from CBRE Global Investors in 2015 to manage the new fund, and Aitchison believes McDonald “will deliver both the targeted investment returns and high levels of client service.”


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