Europe’s leading hedge fund manager Cheyne Capital, is poised to raise over £300 million for its property fund that will focus investment in projects with a positive social impact.
Its new fund, which will launch in the third quarter of this year, is the latest entrant to the growing social-impact sector, in which investors aim to achieve a social benefit as well as a financial return.
The Cheyne Social Property Impact Fund is intended to address an opportunity created by a reduction in government capital grants at a time of increased need for social housing and related community schemes.
Cheyne plans to buy or build properties and rent these out to social services organisations that are seeking to provide affordable housing, prostitution rehabilitation, and solutions to homelessness and elderly care, according to a person briefed on the plans.
Tags: Hedge Fund of Funds Business, Hedge Fund, Hedge Funds, Fund of Hedge Funds, Hedge Fund of Funds, Hedge Fund industry, Hedge Fund Group, Hedge Fund Market, Hedge Fund Investments, Hedge Fund Advisory Firm, Hedge Fund Returns, European Hedge Fund, London Hedge Fund, UK Hedge Fund, Cheyne Capital, Property Fund, Positive Social Impact, Cheyne Social Property Impact Fund.