Knight Frank Investment Management has raised £300 mln (€383 mln) at the first close of its inaugural open-ended fund.
Knight Frank Investment Management has raised £300 mln (€383 mln) at the first close of its inaugural open-ended fund.
Equity for the fund was provided by pension fund clients of London-based Willis Towers Watson, the company formed by the merger of Willis Group Holdings and Towers Watson.
The fund aims to capitalise on Knight Frank’s experience and reputation in the residential and commercial property sector by providing investors with a low-risk and consistent long-term income return.
‘Launching our first fund is an important step in the ongoing development of the KFIM business and, coming so soon after passing £1 bn of assets under management, continues the underlying momentum within the business,’ said CEO Kevin Aitchison.
‘The success of the launch is testament to a lot of hard work by the KFIM team and we have already identified a good pipeline of potential opportunities; the focus will now be on ensuring that we invest the money as quickly and as efficiently as possible,’ he added.
