PfP Capital directors to expand £150m PRS fund

LISTEN: PfP Capital’s £150m PRS fund will be expanded in size swiftly and accompanied by a variety of other vehicles, according to its directors. Fund director Tim Saunders said the directors are looking at a range of funds across the residential spectrum: student, retirement, and affordable. PfP Capital launched its PRS fund this week with an initial 1,379 properties seeded from its existing PRS portfolio, and is now looking for institutional investment. Managing director Chris Jones said: “We have a history of innovation and raising capital. It was a next logical step to set up a fund management business.” To send feedback, e-mail alex.peace@egi.co.uk or tweet @egalexpeace or @estatesgazette