Cheyne Capital launches second Cheyne Impact Real Estate Trust Fund

April 29, 2020

London – Paul Hastings LLP, a leading global law firm, announced that it has advised Cheyne Capital on the launch of its second impact real estate fund, the Cheyne Impact Real Estate Trust. The fund will be able to deploy capital to address the need for affordable housing in the UK, and will align with three of the UN’s Sustainable Development Goals: good health, reduced inequality and sustainable communities.

The fund is evergreen and aims for a balanced approach to financial and social return, with a view to generating a stable, long-term, inflation-linked dividend while creating positive social outcomes that are especially necessary in these times of economic uncertainty.

The fundraising marks an important step in the development of the social impact funds industry in the United Kingdom and in the continued development of Paul Hastings’ Social Impact Funds practice.

The creation of this latest fund follows the success of the first closed by Cheyne Capital in 2014, where the firm was the first private investor to launch such a fund.

The Paul Hastings Investment Funds practice is a multidisciplinary team that understands the development and opportunities in the global funds marketplace. Paul Hastings has one of the industry’s most sophisticated practices, with expertise on both the funds sponsor and investor side, including those seeking “alternative” investment strategies. The team has advised on multiple private equity, venture capital, real estate and credit funds, including investments in some of the world’s largest funds.

The Paul Hastings team was led by Diala Minott, Investment Funds Partner in the London office, with senior associate Steven Ward and Jiten Tank, and associates Katerina Kirimli, Hannah Gray, and Abigail Hung assisting.

At Paul Hastings, our purpose is clear — to help our clients and people navigate new paths to growth. With a strong presence throughout Asia, Europe, Latin America, and the U.S., Paul Hastings is recognized as one of the world’s most innovative global law firms.