Long Harbour, the investment manager and specialist in operational real estate, has secured a £300 million ($369 million) equity commitment from South Korea’s National Pension Service (NPS) for its Single Family Housing Fund. CBRE advised Long Harbour on the capital raise, further strengthening the successful fundraising partnership that began in 2018.
This marks the close for the fund’s seed round which will allow Long Harbour to execute an initial deployment target of up to £600 million ($739 million) of single family housing assets from 2025, with the next close expected within 2025 for other suitable investors. The fund will be acquiring forward funding, forward purchase and standing stock opportunities in the first instance, targeting new-build family homes across the United Kingdom, with a focus on the South and Southeast of England. All units will be delivered to Part L Building Regulations and an EPC rating of B or better.
The new fund builds on the succe
