The QE chaos leaves us with a property bubble in the likes of London and some difficult funding issues going forward which Cheyne Capital seem keen to help alleviate while in Queensland, Australians have enjoyed a productive discussion of how to reduce reoffending rates…
Two Very Different London Stories About Investments In Affordable Housing
Sangeeta Haindl – JustMeans
Yet while this story rages on (US PE firm Westbrook Capital evicting Londoners in social housing) there’s another tale, but one with a better and happier storyline: how investments made with social benefit as well as financial profit as the bottom line are a growing trend in the U.K. Cheyne Capital, a £6 billion, London hedge fund, is the hero, filling the gap through social impact financing with its Cheyne Social Property Impact Fund, planning to buy property to rent to organisations that provide essential social services. The fund is raising £300 million, and aims at returns of 10 to 12%. Those returns are based on affordable rents and the fund’s ability to generate attractive debt financing.
Collaborating On Payment-By-Outcome Projects
Pro Bono Australia
A two day forum exploring payment-by-outcome projects, focusing on the social causes of re-offending in Queensland, delivered some challenging but innovative approaches to addressing them…