Moorfield Group has raised an initial £330 million (€391 million/$425 million) for MREFV, the latest fund in its flagship value-add series - and co-investment initiatives.
The total equity raised came from institutional investors based in Europe, North America and Japan, including Moorfield’s first U.K.-domiciled investors (university college endowments).
Moorfield’s “hub-and-spoke” model incorporates MREFV as the hub, with sector-specific side-car vehicles as spokes that are seeded by the hub and grown with additional co-investment funding from the MREFV investors or in joint ventures with other investors.
The first spoke to have been created is MREIT, the private non-traded REIT, which is investing in the residential-for-rent sectors (single-family housing for rent and student HMOS). MREIT, which was set up in 2023, has a target to reach value of £500 million (€594 million/$644 million).
Moorfield plans to raise a further £250 million (
