Bringing you live news and features since 2013
Bringing you news, views and analysis since 2013

2672

Mountgrange closes UK property fund with GBP850m acquisition capacity

RELATED TOPICS​

Mountgrange Investment Management, a UK property fund and asset manager, has closed its first fund, the Mountgrange Real Estate Opportunity Fund, with a total of GBP300m of committed eq

Mountgrange Investment Management, a UK property fund and asset manager, has closed its first fund, the Mountgrange Real Estate Opportunity Fund, with a total of GBP300m of committed equity.

With debt, the fund will have GBP850m of acquisition capacity.

The fund has attracted over 30 investors from around the world including the US, Canada, the UK, Continental Europe, the Middle East and Australia, with capital coming from endowment and pension funds, sovereign wealth funds, fund of funds, high net worth individuals and family offices.

The Fund is focused on the UK and Mountgrange expects it to take advantage of current depressed valuations in order to make opportunistic investments across a number of market segments. These include identification of and investment in under-performing assets or portfolios and acquisitions; strategic land opportunities, where Mountgrange can add value either through the planning process or via build-out; through to the creation of new platform businesses. Mountgrange is also attracted to collaboration in joint ventures.

Manish Chande, a senior partner of Mountgrange Investment Management (pictured), says: ‘We have been hugely encouraged by the investor interest we have attracted for the fund. Despite the extremely challenging conditions, which markets around the world have recently experienced, the fund’s investors have demonstrated support for the management team which MIM has assembled and in the opportunistic approach we have developed. We believe there are opportunities in the UK which can provide substantial returns for our investors. Our task now is to bring these identified opportunities to fruition and maximise their underlying potential.’

Latest News

According to the latest ESG data from PwC Luxembourg finds that investment flows towards EU..
Solactive and private equity data provider CEPRES have established a new partnership for to introduce..
New research published today by the CFA Institute Research and Policy Centre analyses the many..

Related Articles

Pension funds
UK defined benefit (DB) pension plan sponsors could have access to GBP 1.2 trillion in surplus assets over the next decade, industry research reveals...
UK defined benefit (DB) pension plan sponsors could have access to GBP 1.2 trillion in surplus assets over the next..
Tim Crawmer, Payden & Rygel
Tim Crawmer and Frasat Shah of Payden & Rygel write that higher yields are attracting more demand from investors. Also, given that equities had a strong year last year, big funds have taken some chips off the table in equities and put them into fixed income...
Tim Crawmer and Frasat Shah of Payden & Rygel write that higher yields are attracting more demand from investors. Also,..
Lady justice
Top marks for the Pensions Regulator (TPR) whose efforts to improve resilience in the UK pension funds’ liability-driven investment (LDI) strategies received glowing commendations from the Bank of England in its March report...
Top marks for the Pensions Regulator (TPR) whose efforts to improve resilience in the UK pension funds’ liability-driven investment (LDI)..
Pension funds
Four potential operators of pensions dashboards (Just Group, Legal & General, Moneyhub and Standard Life, part of Phoenix Group) are coming together to instigate a new industry coalition...
Four potential operators of pensions dashboards (Just Group, Legal & General, Moneyhub and Standard Life, part of Phoenix Group) are..
Subscribe to the Institutional Asset Manager newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by