Wealth Manager - Essential news for investment professionals

Register to get unlimited access to all of Citywire’s Fund Manager database. Registration is free and only takes a minute.

Property debt investment fund targets 6% yield

Property debt investment fund targets 6% yield

Intermediate Capital is targeting a yield of 6% from an investment company specialising in UK commercial property debt launched through its subsidiary ICG-Longbow.  

The ICG-Longbow Senior Secure UK Property Debt Investments fund will aim to raise £100 million through an initial public offering on the London Stock Exchange and will be capped at £250 million.

The investment company is aiming to capitalise on estimates there will be a £44 billion shortfall in the supply of senior debt in the UK commercial property sector. It will make new individual loans with a maximum exposure of 65% loan to property value.

The fund aims to be fully invested within six to nine months of launch as it strives to hit its yield target.  

The chairman of ICG-Longbow, David Hunter, said in a statement, ‘This new vehicle will aim to provide investors with predictable and attractive target returns with minimal risk of income or capital loss.

He added: 'The team at ICG-Longbow has many years’ experience of investing in the UK commercial property debt market and we are excited at the opportunity to open up this expertise to a wider audience.’

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Citywire TV
Play Alibaba hype, the UK slowdown and opportunities in European sovereign bonds

Alibaba hype, the UK slowdown and opportunities in European sovereign bonds

Libby Ashby and leading wealth managers analyse what the Alibaba IPO hype means for Chinese equities, slowing growth of the UK economy and whether there’s anything left to play for in the European sovereign bond market.

Play Tesco, Japan and the rise of the central banker

Tesco, Japan and the rise of the central banker

 Libby Ashby and leading wealth managers scrutinise the food retail sector, Japan’s consumption tax hike and political risk in the markets.

Play Colin McLean's mid-cap picks

Colin McLean's mid-cap picks

The SVM director and fund manager on his pick of the UK mid-caps.

Your Business: Cover Star Club

Profile: Psigma's Edinburgh boss on why he is in Scotland long term

Profile: Psigma's Edinburgh boss on why he is in Scotland long term

When Tim Wishart agreed to launch an Edinburgh office for Psigma he was not expecting to  head the company’s first overseas team

Wealth Manager on Twitter