Cheyne Capital has invested £10m into a charitable trust that provides housing and support for people with learning difficulties.
The investment has come from Cheyne’s newly-launched Cheyne Impact Real Estate Trust and has been provided to Thera Trust.
Cheyne has been supporting Thera for the past five years. The latest investment in the charity will enable it to expand its portfolio of homes for people with learning difficulties, providing accommodation for 180 individuals.
Stuart Fiertz, co-founder and president of Cheyne Capital, said: “Over the past few years we have witnessed first-hand what a profound impact Thera’s housing can have on the lives of its tenants. The pandemic has highlighted the fragility of the ecosystem and the vulnerability of adults with a learning disability, so we are proud to continue working with Thera to provide innovative models of financing and housing which can make such a difference and give tenants greater security and independence.”
Ravi Stickney, managing partner and CIO of real estate at Cheyne Capital, added: “Our investment with Thera quickly provided a financial return to our investors – demonstrating that you truly can balance financial returns with social impact. This is a prime example of the results that can be achieved when charitable or social sector institutions and private capital work together to provide solutions for those that need them most.”
The investment in the fund by Cheyne was shown in a recent audit by King’s College to have had a “real impact on individual lives”. It concluded that the homes the fund had supplied as well as the associated care arrangement had “been the backbone of significant changes in the lives of these residents”.
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