Evanridge has introduced a Swedish property investment fund that is targeting returns of up to 20% a year.
Evanridge Swedish property 2LP is aimed at high-net-worth individuals with at least £50,000 to invest.
Evanridge will look to close the fund at £10m but use gearing to invest in £50m of property, with an anticipated 70-30 split in favor of residential.
The portfolio is an unregulated private investment scheme and has a fixed investment term of six years. Investor returns are generated on the sale of the properties at the end of the term.
It is available for self-invested personal pensions, small self-administrated schemes and direct investment.
Commission is 3 per cent initial and 0.5 percent trail.
Partner Nigel Evans says:
"The first Swedish portfolio is already showing growth in investors' capital of 25 percent in the first 12 months. We would not be there if there not realist returns of 13 to 20 percent"