SAN FRANCISCO: A new equity funder set to pour $1.38b of global finance into social housing has completed its first deal.
Cheyne Capital has launched a Social Property Impact Fund comprising cash from global pension funds and high net worth individuals.
Deals with not-for-profit organisations to build dementia and extra care housing are nearing completion, while further tie-ups with housing associations and councils are also currently being agreed, said Shamez Alibhai, manager of the Cheyne Social Property Impact Fund…