Cheyne Capital Management

Cheyne Capital Management, established in 2000, is a London-based alternative investment fund manager specializing in credit and equity investments in both corporate and real estate assets across Europe. The firm manages approximately £8 billion in assets, with a significant portion dedicated to real estate and impact investing strategies. Cheyne Capital's real estate division is one of Europe's largest non-bank stand-alone real estate credit providers, with assets under management of approximately $5.5 billion as of June 2025. The team comprises over 70 dedicated real estate professionals operating from offices in London, Paris, Berlin, and Madrid.

The firm's impact real estate strategy focuses on developing and investing in UK residential properties aimed at delivering long-term impact for key demographics, including affordable housing, supported living, and social care facilities. Investments range across general needs housing for key workers, affordable and social rent, as well as sheltered and supported accommodation for the elderly. These initiatives are operated by quality counterparties such as local councils, housing associations, and charities. Cheyne Capital's impact real estate strategy embodies a best-in-class approach to addressing the chronic shortage of housing solutions in the UK.

Cheyne Capital's investment philosophy is grounded in rigorous fundamental analysis, with a focus on defensive entry points, strong risk/return profiles, and stable returns. The firm has consistently delivered attractive returns across multiple market cycles and economic shocks. Its expertise spans origination, structuring, execution, realizations, and workouts in real estate credit, having committed £11.2 billion of capital across 174 private credit deals since the inception of the CRECH program in 2011. Cheyne Capital is a signatory to the United Nations-supported Principles for Responsible Investment (PRI) and a founding member of the Alternative Credit Council, reflecting its commitment to responsible and sustainable investment practices.