Barwood Capital closed its 2017 Property Fund at £76 million, exceeding its fundraising target.
The five-year fund will have access to £150 million, with leverage, and is eyeing an internal net rate of return of 15% per annum.
Investors include Merseyside Pension Fund and British Airways Pension Investment Management, among others.
The investment vehicle will look to invest in undermanaged secondary commercial property stock and income-producing investments in prime regional markets outside of London.
