Henley, a private equity real estate firm, launched its first fund to raise £400 million within the next six months to invest in the U.K.'s supported-housing sector, IPE Real Estate reported.

Henley Secure Income Property Unit Trust, which has completed its first close, will focus on the underserved supported-housing sector with plans to deliver consistent income returns of more than 5% over a 25-year period.

According to the report the fund's first investment, a supported-living portfolio acquired for around £70 million, gives the fund a freehold long-term interest in 49 properties across the U.K.