Launched in 2007, the fund faced a particularly challenging period across financial markets early in its life. Having successfully navigated this period, the fund commenced a stage of phenomenal growth, driven by increasing demand from pension funds for investment products that can provide stable and inflation-linked income streams capable of matching long-term liabilities.
The fund now has £3.6bn* of assets and significant further capital to invest for the benefit of its investors. It is the largest UK real estate fund in the AREF / IPD UK Quarterly Property Fund Index** and a multiple winner of the AREF 'Performance: 5-year, risk-adjusted, absolute return' award, demonstrating the quality of our long-term total return focused investment strategy.
The momentum and success of SPIF gave us the opportunity to launch the M&G Secured Lease Income Fund (SLIF) in 2014 and the M&G European Secured Property Income Fund (ESPIF) in 2015, which together have so far invested over £600 million.
Thanks to everyone who has supported the fund over the past decade, including the fantastic team here at M&G across both the Fixed Income and Real Estate businesses, our investors, their advisors and of course the developer and occupier community and their agents and advisors who have worked so well with us to deliver high quality investment opportunities for the fund.
*Source: M&G as at 30 June 2017
**As at 30 June 2017