Blue Gate launches second income fund

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.