Blue Gate Capital today launched its second fund, which provides an increasing income return over the first three years.
The Blue Gate Secured Income Series 2 fund follows on from the first tranche, which launched in November last year and is now closed to new investors.
Income on the new fund, which is open-ended, is paid in quarterly arrears at fixed rates of 6% in year one, 7% in year two and 8% from year three. (article continues below)
Minimum investment into the fund is £20,000 and investors can redeem after an initial five months with one months notice.
According to Blue Gate, a Manchester-based investment management firm, the fund is secured against property assets and is designed to take advantage of market conditions within the banking sector.