PfP Capital has appointed Jamie Younger as fund manager with responsibility for its £330m regional PRS Picture Living platform.
Younger, who has more than 25 years’ fund management experience, joins PfP from PATRIZIA where he was head of transactions, UK and Ireland. He will replace Tim Saunders who is retiring after seven years with PfP Capital and oversee new acquisitions alongside James Nicholls.
Catherine Webster, CEO of PfP Capital, said: “Jamie has a proven track record across the capital stack in both the living and commercial investment sectors. His experience will be key as we look to quickly scale the Picture Living strategy, whilst targeting the launch of more innovative fund strategies over the medium term to meet growing investor demand in the living sector.”
Younger added: “PfP Capital’s unique model – as fund manager balancing profit and purpose – is very attractive, whilst it also provides a blueprint for future housing delivery in the UK. Its focused living strategy and access to pipeline through its Places for People relationship can be married up with institutional capital seeking an experienced partner to offer attractive risk adjusted returns.
“This is a rare opportunity to work with Cath and the highly experienced team to help PfP Capital achieve its ambitions in the critically undersupplied UK residential sector, whilst delivering positive social impact across the regions.”
