A new fund from private equity manager ActivumSG has made its first investments, backing a £220m retirement platform.
ActivumSG VII has partnered with Richmond Villages to build two retirement schemes with 290 homes in Birmingham’s Edgbaston and Stoneham Park near Southampton.
The pan-European fund was established in December 2021, following on from the €550m (£471m) fund VI.
The new platform will be led by Richmond Villages’ Paddy Brice and Paul Jackson.
Saul Goldstein, founder and chief executive of ActivmSG said: “Our pan-European fund has made a flying start with a signature investment that adds a new geography to our residential strategies.
“We will work closely with the management team to build the business into one of the UK’s largest platforms.”
James de Lusignan, head of the UK at ActivumSG Advisors, added: “There is a strong pipeline in place and our goal is to grow the platform in the coming years to develop and operate villages with a GDV of more than £1bn.”
To send feedback, e-mail emma.rosser@eg.co.uk or tweet @EmmaARosser or @EGPropertyNews
