KFIM’s Long Income Fund raises cGBP150m in new equity commitments

Knight Frank Investment Management’s Long Income Property Unit Trust (KFIM LIPUT) has successfully concluded a further close, raising circa GBP150 million of new equity in addition to the cGBP840 million raised since the Fund’s launch in February 2016.

The majority of original equity has been committed, with a portfolio comprising 95 separate assets spread across the UK and the full spectrum of traditional and alternative real estate sectors. The portfolio currently provides an aggregate property yield of around 5 per cent with a weighted income duration of circa 20 years and predominately assured/index linked income growth.

The new equity will be used to target new assets in line with the existing Fund strategy.
Matthew McDonald, Fund Manager, KFIM LIPUT, says: “We are delighted to have again received strong support for the Fund from new, and existing investors. The market for our target assets has become increasingly crowded, and we set a target size for our equity raise taking account of this. We will focus on investing allocated capital efficiently during 2020, targeting the right quality and investment characteristics of assets to support our robust Fund strategy.