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Sign in Sign up for a FREE subscriptionMoorfield exceeds target on first close of new value-add real estate fund
Moorfield Group, the U.K. real estate private equity fund manager, has surpassed the £100 million ($132 million) target on the first close of its new Moorfield Real Estate Fund IV (MREFIV).
MREFIV is Moorfield’s fourth value-add fund which is expected to have an investment focus on build to rent, student accommodation and logistics, alongside opportunistic mixed-use and infrastructure led real estate opportunities. The fund will be seeded with a BTR scheme in Manchester’s Media City (Erie Basin) and an office building in Newcastle’s Cobalt Park.
The fund, which has a final target of £350 million ($461 million), has attracted a strong global investor base from a number of blue-chip European and U.S. pension, endowment and foundation funds.
“We have an exciting pipeline of opportunities in the themes that the Fund is looking to invest in,” said Charles Ferguson-Davie, CIO at Moorfield Group. “The ‘beds and sheds’ themes, comprising BTR, student
