PfP Capital, the fund management business established by Places for People Group, today announced that it intends to launch a new fund in partnership with the Scottish Government to invest in mid-market rent (“MMR”) properties throughout Scotland.
PfP Capital is targeting a total fund size of £150 million which will be comprised of a £47.5 million investment from the Scottish Government and an initial £10 million capital commitment from Castle Rock Edinvar is intended. PfP Capital will look to raise at least £87.5 million of additional capital from third parties over the coming months.
Social Housing