The fund (Mitheridge Opportunity Fund II) was supported by all investors from Mitheridge’s first fund as well as new participants
Mitheridge Capital Management has said that it has made three senior hires to its advisory board as it announced raising an undisclosed amount for its second London affordable homes investment fund.
Mitheridge Capital Management is a London-based specialist real estate private equity firm.
IPE Real Assets understands that the manager has raised £79.85m ($100m) for the Mitheridge Opportunity Fund II fund at final close. The predecessor fund closed in Spring 2017.
Mitheridge said it has appointed Eric Daniels, Stuart Grant and Cornelius Medvei to its advisory board. Daniels is former CEO of Lloyds Banking Group, Grant is a former managing director of Stanhope and senior managing director at Blackstone, and Medvei is a former London managing and senior partner of Eversheds and general counsel to Fenwick.
William Yerburgh, managing partner of Mitheridge, said, the calibre of the individuals joining our advisory board, alongside our existing team and our future hiring plans, are a clear reflection of the development of our business.
With the close of our second fund and the collective experience and counsel of these senior appointments, Mitheridge will be able to continue identifying opportunities across the real estate sector, that we believe will generate superior returns for our investors, he said.
Mitheridge said Fund II was supported by all investors from Mitheridge’s first fund as well as a significant number of new participants, including institutional investors from North America, Asia and additional endowments in the UK.
The current fund will build on the success of its first and continue to provide capital for the development of affordably priced homes.
