Henley Investment, a UK-based private equity real estate firm, is raising the sequel fund to a £450 mln (€522 mln) core- and core-plus vehicle.
The company has attracted equity for Henley Secure Income Property Trust 2 (SIPUT 2) from two UK pension funds who have become seed investors for the £1 bn fund.
It is structured as an evergreen vehicle and follows on from SIPUT 1, an unlevered fund providing long-term secured income generated from assets with long leases in the social residential sector.
Specifically, the fund focuses on acquiring residential accommodation for vulnerable adults, including individuals with learning disabilities, physical disabilities or mental health conditions.
As PropertyEU has previously reported, the company is not only focussing on UK real estate but has increasinly set its sights on Continental Europe. It is already active in the US.
