The transaction takes the total portfolio invested by AlphaReal on behalf of Just Group to over £500 million of long income real estate and loan note investments.
The most recent childcare investment provides long term finance to help the continued growth of one of the UK’s largest family run childcare operators which is responsible for the care and education of over 29,000 children nationwide.
AlphaReal originates and structures investments to meet Just Group’s requirements for high-quality, long-dated, inflation-linked cashflows. This latest investment increases the allocation of childcare, educational and healthcare facilities within AlphaReal’s partnership with Just Group to over 170 facilities that provide an important contribution to the UK’s social infrastructure needs.
Patrick Grant, Head of Long Income, AlphaReal said: “AlphaReal continues to structure and invest in long-dated real estate via direct investment and loan notes that provide inflation-linked cashflows to our capital partner, the retirement specialist, Just Group. The long dated real estate investment market has evolved and is now better positioned to meet the objectives of the insurance sector. AlphaReal continues to be at the forefront, providing tailored investments to meet the requirements of our clients and provide counterparties with efficient long-term financing via real estate investment and debt solutions.”
Gordon Smith, Fund Manager, AlphaReal said: “Reaching the £500 million investment milestone in partnership with Just Group speaks to the strength of AlphaReal’s origination and structuring capabilities, the high-quality cash flows generated from the underlying long dated real estate secure income investments and the quality of AlphaReal’s management platform. We look forward to achieving the next investment milestone”.
Nenna Gilmour-Platt, Head of Investment Strategy, Just Group, said: “We help people achieve a better later life, it’s our purpose at Just and why we exist. Investments in assets that are a key part of the nation’s fabric of social infrastructure help us fulfil that purpose by providing long-term income for our customers; and at the same time enabling businesses to continue to provide essential services to communities around the country. We’re pleased to add this to the growing portfolio of investments we’ve completed with AlphaReal.”
AlphaReal manages a range of pooled and bespoke mandates for both public and private pension schemes as well as insurers.
