Specialist asset manager Gresham House is planning to launch an alternatives fund focusing on infrastructure.
The Gresham House British Strategic Investment fund (BSIF) will be available for family offices as well as institutional investors.
The board of Gresham House says illiquid investments can generate “sustainable and attractive returns” while alternative asset management is a “structural growth area”.
“Attractive alternative investments in niche asset classes are often overlooked and difficult to access by larger funds,” the firm adds.
GHAM, an FCA regulated subsidiary of Gresham House, will manage the fund with the Royal County of Berkshire Pension fund – a strategic shareholder – a cornerstone investor. The fund will have a target size of £300m and will focus on the three themes of innovation, housing and infrastructure.
Investors will be invited to be involved in the investment process, allowing them discretionary co-investment rights.
Tony Dalwood, CEO of Gresham House, says: “[This] represents a further significant step in delivering the growth strategy that we set out when repositioning the group two years ago. We welcome our new strategic shareholder in Gresham House and the long term capital investment platform we are now proposing is expected to grow our third party assets under management significantly, accelerating our path to profitability”.