- Leading asset management company launches new PEF
- Initial launch sees substantial uptake and interest from investors
- Jake Webster, Managing Director, discusses this company move
The new product which launched Q3 2024, with a total share issuance of £100m, represents a major milestone in the company’s growth trajectory and offers a unique opportunity to access the UK property market.
The Seventy Ninth Group, one of the UK’s fastest-growing asset management companies, has launched its Private Equity Fund (PEF) and over £10m has been pledged.
The fund aims to be fully subscribed by the end Q1 2025, which will make it one of Europe’s largest private Real Estate funds.
The fund is designed to capitalise on acquiring distressed and undervalued assets across various real estate sectors, including residential, commercial, and leisure, areas in which the Seventy Ninth Group has gained a global reputation as experts.
The Seventy Ninth Group, headed up by the Webster family with over 50-years of collective experience in acquiring and managing real estate, uses its expertise to identify opportunities at times of global economic instability, and acquires assets below market value.
This has been a tactic used by the business for decades, with great success, consistently delivering strong returns for its 2,500+ clients, partners and stakeholders, globally.
The fund designed for sophisticated investors is set up as an Experienced Investor Fund (EIF) and has a minimum commitment of two years.
The fund follows Gibraltar’s Protected Cell Companies Act, and will be divided into cells, with each cell representing a distinct class of shares.
The fund is accessible directly through enquiries to the Seventy Ninth Group and via an Exchange Traded Instrument (ETI) on the Frankfurt Stock Exchange, with access available on platforms including Moventum and Velocity Trade.
The fund’s success will be measured through capital growth, targeted annual returns and the ability to manage distressed assets to increase their value, as well as through ongoing valuation of assets using IFRS principles.
Jake Webster, Managing Director of The Seventy Ninth Group, commented:
“Our new Private Equity Fund represents a significant opportunity for individuals and organisations seeking exposure to the UK property market. It has already proven popular with the British buy-to-let market, with investors who have realised this is a great alternative to owning buy-to-let property directly.
“Leveraging our expertise in acquiring and managing distressed assets, allows us to offer a product with the potential for substantial returns even in challenging market conditions. With our proven track record and the added security of a regulated fund, this will be an attractive proposition for anyone looking to diversify their portfolios with UK property assets.”
