British Airways Pension Trustees is among investors that have backed a regional UK property fund managed by Barwood Capital.
The investment manager said it raised 拢100m (鈧�140m) in funds from high net worth individuals and institutional investors.
Most investors have invested in previous Barwood funds.
The company said the fund, launched , would take advantage of the 鈥減ositive arbitrage鈥� between primary and secondary assets in the UK鈥檚 regions.
The five-year fund will target commercial and residential real estate, with lot sizes of between 拢3m and 拢25m.
Joanna Greenslade, managing director at Barwood, said it had identified a pipeline of potential assets.
Barwood previously said it was targeting an annual IRR of 15% for the fund, in which company executives have co-invested around 拢3m.
Barwood directors Ed Henson and recently appointed Andrew Barlow will source and manage new opportunities for the fund.
Giles King has been appointed fund chairman.
