Laxfield Capital has increased the size of its real estate debt fund to £750 million ($978 million), an increase of £250 million ($326 million) from its previous target.
The firm had fully deployed its original allocation in loans secured on office, student accommodation, logistics, hotel, serviced apartment and specialist retail assets.
The fund, Laxfield LLP, launched in January 2018. The fund provides loans against income-producing and transitionary assets across almost all major U.K. sectors.
The fundraise target increase was due to an increased appetite from investors and a strong demand from borrowers, said Alexandra Lanni, director of Laxfield.
