Civitas seeks to partner with established asset management businesses and has consolidated all of its investment management activities under a new entity Civitas Investment Management (CIM). With that, the new entity has £2 billion in assets under management, media reports said.
The company runs the the £900 million Civitas social housing investment trust. Andrew Dawber, director at Civitas, told a media report, “We are hiring a lot now and will be launching new investment products in the future. As the market becomes more aware of the need for social housing and healthcare facilities, we think there is an opportunity for Civitas to partner with larger, mainstream asset management firms, such as the agreement we have with Schroders right now, as a way to bring our expertise to a wider market in future.”
The company’s investment strategies include in healthcare, social and affordable housing, social infrastructure and urban regeneration, media reports said. Last year, Civitas established a partnership with Schroders to launch a social housing development.
“We are experiencing strong and growing demand from portfolio managers who increasingly recognise the attractions of investing in the asset classes that CIM promotes,” Dawber said. The company is quite ambitious and is expected to grow tremendously in this sector.