Industry Real estate investment Founded 2002 | Headquarters London, United Kingdom Parent organization Swiss Life Funds AG | |
Website www.mayfaircapital.co.uk | ||
Mayfair Capital Investment Management is a UK real estate investment management company owned by Swiss Life Asset Managers. It was founded in 2002 and the senior Executive Directors include James Thornton as CEO and Robert Palmer as CIO. The company is chaired by Stephen Musgrave, the former CEO of Grosvenor UK. William Hill acts as Non-Executive Director, formerly Head of Property at Schroders. The company manages a series of funds, which invest in UK commercial and residential real estate, for professional clients, charities, pension funds and institutional investors. The company has a joint venture with L&B Realty Advisors, established in 2009 as L&B Mayfair to enable cross-Atlantic investment.
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Funds
Mayfair Capital manages a number of discretionary funds along with advisory and separate account mandates.
The fund’s investment objectives are as follows:
PITCH is a tax-exempt, pooled UK commercial property vehicle that is available to all UK and EU qualifying charities. With a commitment to socially responsible investment, through its formal ethical and environmental policies. PITCH also has the advantage, through its charity exempt fund status, of allowing properties to be acquired free of Stamp Duty Land Tax and aims to deliver an income yield of around 6% a year, whilst maintaining capital value in real terms.
MC Property Growth Fund No. 2 enables professional and institutional investors to invest in UK commercial property for capital growth. It aims to deliver a net total return on equity invested of at least 10% a year, by acquiring assets on an opportunistic basis, which will provide medium term (3-5 year) capital growth. This Fund is now in wind down mode and capital being returned to investors.
MCR1 is a London residential development finance fund, which closed in November 2013 with total commitments from a mix of UK pension funds, family offices and endowments of £30 million. The Fund primarily provides finance to developers in the prime London residential property market in the form of debt finance/preferred equity. It aims to provide investors with a return of 15% a year.
MCR2 is a residential development finance fund providing investors with investment returns from Greater London residential property.
MC Property Unit Trust (“MCPUT”) MCPUT is an unregulated eligible investor Fund for investment by exempt approved pension funds, investment trusts, charities and sophisticated investors. The Fund’s investment objective is to provide total returns from investment in a diversified portfolio of UK commercial property and a net distribution yield on original equity of around 5% a year. The Fund is benchmarked to the IPD/AREF ABPFI. The investment manager is Schroder Property Management (Jersey) Limited.
MCCPT is a Jersey-domiciled fund for clients invested in the Jupiter Merlin portfolios, seeking diversification away from equities and bonds for income generation. The target distribution yield is 5-5.50%.
Awards
In 2014 and 2015, Mayfair Capital was highly commended and shortlisted respectively with five other firms in the Fund Manager of the Year category at the Estates Gazette Awards. In 2015, Mayfair Capital was shortlisted with six other firms for Property Fund Manager of the Year at Property Week’s Annual Awards 2015. In 2014, Mayfair Capital won the Boutique Investment Management Award at the Charity Times Awards, and in 2015 was shortlisted in this same category.