Manchester-based private equity group Infinity Asset Management, which in January launched a £100 million (€131 million; $201 million) property fund to invest in the Northwest of England, has appointed Jeremy Pollitt and Tim McCormac to its property team, according to a global business publication.
The pair will join fund head Les Lang, the former managing director and founder of residential development company Abito, to build the company’s £100 million fund.
Prior to joining Infinity, Pollitt was land director at Crosby Homes and Bellway Homes before becoming managing director of Hillcrest Homes in 1999.
McCormac spent his career at MPM Adams and then at Countryside Properties before joining Infinity.
The two will be responsible for sourcing investments as well as assessing potential projects and managing developments for the fund, which will target residential and commercial developments with a value of between £5 million and £25 million.
Infinity Asset Management, founded in January 2007, launched its UK fund a year later. The fund focuses exclusively on innovative projects, with a strong emphasis on regeneration areas in city centers across the country, particularly those undergoing significant change.
Infinity is owned and controlled by its three founder partners, Daniel Finestein, Sarah Butler and Phil Vickers.