Infinity Asset Management, a Manchester-based private equity firm launched in February of last year, has launched a £100 million (€136 million, $200 million) property fund to invest in the Northwest of England.
The fund will target residential and commercial developments with a value of between £5 million and £25 million. Les Lang, a former managing director and founder of residential development company Abito, a subsidiary of commercial property specialist Ask Developments, has been appointed to head the fund.
The firm said in a statement that the focus will be exclusively on innovative projects, with a strong emphasis on regeneration areas in city centers across the country, particularly those undergoing significant change.
A surveyor by profession, Lang launched Abito in 2004 within the Ask Development Group to create residences in urban areas for first time buyers and young professionals.
Infinity is owned and controlled by its three founder partners, Daniel Finestein, Sarah Butler and Phil Vickers.