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By Joey Gardiner2021-04-12T12:27:00+01:00
World’s largest listed fund manager the latest institution to raise cash to fund new build housing
The world’s largest listed fund manager Man Group has raised the first part of a targeted £400m to invest in building 3,500 new homes, in a deal supported by housing quango Homes England.
The firm, working through its Global Private Markets business, set up its Community Housing Fund last year. It said it has now closed its first fund raise, securing cash from a raft of investors including £20m from Homes England.
Man Group has already agreed to fund a project by Ilke Homes