At a glance
- The firm announced the plan at the U.K. Office of Investment Housing and Regeneration event in New York City, a government-led effort to attract private capital for U.K. housing delivery.
- For U.S. impact and housing allocators, the launch adds a cross-border vehicle in a market where the U.K. government is actively recruiting private capital for housing delivery.
- Alan Gogbashian, deputy trade commissioner for North America at the U.K.'s Department for Business and Trade, tied the fund to the government's ambition of 1.5 million new homes this Parliament.
Jonathan Rose Cos. plans to establish a U.K. affordable housing investment platform and launch a dedicated Rose UK Social and Affordable Housing Fund, its first expansion outside the United States.
The firm announced the plan at the U.K. Office of Investment Housing and Regeneration event in New York City, a government-led effort to attract private capital for U.K. housing delivery.
For U.S. impact and housing allocators, the launch adds a cross-border vehicle in a market where the U.K. government is actively recruiting private capital for housing delivery. Target size, return profile and tenure mix were not disclosed.
Alan Gogbashian, deputy trade commissioner for North America at the U.K.'s Department for Business and Trade, tied the fund to the government's ambition of 1.5 million new homes this Parliament. "This is exactly the kind of experienced, mission-driven U.S. investment partnership we need to help deliver affordable housing at scale," he said.
The fund launch follows the firm's Oct. 8 hire of Alix Rice to lead investor relations and capital formation, as Private Wealth Daily previously reported.
This is exactly the kind of experienced, mission-driven U.S. investment partnership we need to help deliver affordable housing at scaleAlan Gogbashian, deputy trade commissioner for North America at the U.K.'s Department for Business and Trade
Reported by the Fundraising desk from IREI and Private Wealth Daily archive. Published . Corrections