CBRE Global Investors has launched a new UK product, the CBRE UK Long Income Fund (CBRE UK LIF), attracting £300 mln (€336 mln) of seed capital from clients of AON.
The fund is targeting low-risk, low-volatility, liability-matching cash flows from UK institutional investors.
'We are pleased to launch a product that is competitively priced in the marketplace, and provides a solution for existing clients of CBRE GI and GIP who wish to increase exposure to this strategy, as well as new clients of the business,' said Michael Ness, head of UK for CBRE Global Investors.
CBRE UK LIF will invest in assets with long leases of at least 15 years with inflation-linked or fixed increases, focusing on income security and inflation protection.
