PfP Capital, the socially conscious fund manager focused on the UK Living sector, has rebranded as Thriving Investments.
The new name is more closely aligned with the company’s track record, and ambitions of creating communities and delivering large-scale regeneration projects, with sustainable, high-quality homes at their centre, via a range of investment platforms and tenures.
Established by Places for People Group in 2017, Thriving Investments currently manages three Living strategies with an AUM of £700 mln, on behalf of a diverse mix of investors. To date it has acquired and delivered over 3,500 Private Rented Sector and for-sale homes and has six urban regeneration projects in England and Scotland underway, as it targets the delivery, alongside its partners, of 20,000 homes over the next decade.
Cath Webster, Thriving Investments CEO, commented: 'At our core, we are a fund manager with a social conscience and a distinct purpose – to turn capital wins into community gains. The Thriving Investments name better reflects this philosophy. It also aligns more closely with our strategic focus on creating residential-led communities with high sustainability credentials that have social value at their centre.'
Earlier this year the firm launched a £390 mln joint venture with equity investor Housing Growth Partnership, as part of the company’s igloo Development strategy, focused on the delivery of 1,200 sustainable homes across regional city communities. The first scheme to be brought forward is the initial phase, totalling 78 townhouses, of a 400-home development at Dundashill, in Glasgow.
