Orchard Street Investment launches third fund
Orchard Street Investment Management has launched a third Special Situations Fund to invest in commercial property opportunities across the United Kingdom. Singapore’s sovereign wealth fund GIC is a principal investor in the fund. The Special Situations Fund III, which builds on the success of the previous two funds in the series, will have an initial investment capacity of £150 million ($188 million) and will look to acquire assets across the United Kingdom. The fund is expected benefit from Orchard Street’s active management skills and broad visibility of deal flow.