Fund launches & closures

Toscafund unveils UK prime residential property fund

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Toscafund, the London-based investment management business led by Martin Hughes, has announced the realisation of its second UK mortgage loan fund and the launch of a new fund targeting prime residential property in the UK.

The realisation of MOD 2 marks the successful closure of the second mortgage fund launched by the Tosca MOD team since they joined the firm in 2008. “At the time this represented a unique investment proposition on which the innovative mortgage team at Toscafund was quick to capitalise,” said an announcement from Toscafund. “The process also offered an important social benefit to many