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 AMPERE Gestion’s second intermediate housing fund (FLI2) raised €1.25 billion

AMPERE Gestion has successfully completed the final closing for its second intermediate housing fund (FLI2) with €1.25 billion raised only 9 months after it was launched last December. The fund, which was oversubscribed, was backed by both long-standing and new partners, including foreign institutional investors.

FLI2 pursues what AMPERE Gestion, CDC Habitat’s asset management subsidiary, initiated through FLI, the latter being now fully invested. The FLI2 disposes of an aggregated €2 billion investment capacity (leverage included) to engage the construction of 11,000 housings (8,000 intermediate lots and 2,000 senior or student-oriented ones). The new fund’s strategy’s is in line with its predecessor’s one, combining both financial return and social impact, by providing resources to deploy affordable housing in the most tense French cities.

Source: Press release on October 4, 2019 (cdc habitat)