Clarendon House Capital has announced plans to raise more than £100 mln (€140 mln) to build a £300 mln plus investment portfolio of London residential and commercial assets.
Clarendon House Capital has announced plans to raise more than £100 mln (€140 mln) to build a £300 mln plus investment portfolio of London residential and commercial assets.
To date, the Mayfair-based boutique investment firm has raised some £50 mln in equity from high-net-worth individuals, family offices and institutional clients in India, Africa, Europe and the UK.
It is looking to buy assets in cash, with the aim to refinance the portfolio with a maximum leverage of 60% at a later date.
Clarendon, which is run by investment banker Sayu Sinha and Richard Morgan, will be seeking value-add and opportunistic transactions with a lot size of up to £10 mln.
'The investor demand for London property is unabated and the challenge lies not in raising equity but in finding real value. We are confident that the marriage of our private client background and in-depth property market knowledge translates into market-beating returns,' commented Sinha.
Since its launch in 2012 Clarendon House Capital has invested £75 mln on behalf of clients delivering an average return on equity of 35%.
