#074- I have £350m to spend - Want some?

In this episode Ray interviews "Fred"  (Not his real name) from a Boutique UK Based Family Office Fund.  Fred has been in this business for 19 years. He's an accountant by training and worked  for a Top 4 Accountancy firm on Mergers and Acquisitions and Private Equity. In this episode Fred talks about one of their own funds that we deal with which currently has £300m in deals to complete by the end of July 2020. In this current fund they still have a further £350m to spend.  You can apply here:  bit.ly/FredFundUK In anticipation of demand later on this year, due to all the Covid related inactivity, they anticipate raising a similar amount in a second fund to cope with the demand from their existing clients. They are looking for UK Based property deals that include; buying residential and commercial portfolios. Office to residential commercial conversions using permitted development. The conversion of retail parks into residential.  They also like social housing and are preparing to put a lot of money into these schemes. They will do Development finance for 18-24 months and bridging for 12 months but they will also offer equity style deals and give "Best in Class" developers a fighting fund to go out and acquire property using Proof of Funds from their £350m pot. To access some of this money you will need to prepare well and the more detail the better. You need a financial appraisal of the project (Financial Analysis)  We could help you with this but you need to apply using this link: bit.ly/FredFundUK You also need to provide details of the team behind the project and if you have gaps, they might be able to help you fill those gaps with experienced people. If you think that you have a project that could benefit from this Fund, you need to have a project ready or an agreed option on a site of £1m and up.  The average dela will be in the £5m to £20m space but higher amounts have been considered... In the first instance you need to contact the Raising Angel Finance Team using this application link: bit.ly/FredFundUK As Fred says in the podcast, the key to all of this is communication. So keep in touch and get those deals flowing! Fred needs to spend £350m - Want some?