Cheyne Capital Social Impact Fund

Property fund developing and leasing homes to social enterprises, charities and local authorities.

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The challenge

There is a chronic shortage of affordable housing in the UK, which severely affects vulnerable and disadvantaged groups such as people at risk of homelessness, people with learning disabilities and vulnerable older people.

Our approach

We seeded the first social property fund to provide more equity-like capital to tackle a tough social issue that requires large amounts of capital. The fund was also designed to attract new investors to social impact investment.

The fund

The Fund buys and develops homes, leasing them to housing associations, charities and local authorities that deliver affordable housing for people on low incomes, supported housing for people with disabilities and accommodation for people experiencing homelessness. The fund works with a social impact partner, NPC, who sit on Cheyne’s investment committee.

  • Fund size

    £100 million
  • Big Society Capital commitment

    £12 million

Key information

  • Geography

    UK wide
  • Investment type

    Property
  • Fund manager

    Cheyne Capital
  • Investment status

    Current
  • Investment date

    2014
  • Term

    7 years

Impact

  • 1,000+

    Number of units of affordable housing provided

  • 1,200+

Sustainable development goals

  • 1: No Poverty End poverty in all its forms everywhere
  • 3: Good Health and Well-being Ensure healthy lives and promote well-being for all at all ages
  • 10: Reduced Inequality Reduce inequality within and among countries
  • 11: Sustainable Cities and Communities Make cities and human settlements inclusive, safe, resilient and sustainable
  • Other investors

    Fund of funds

    High-net-worth individuals

    Institutional investors

    Pension funds

    Trusts and foundations