The fund launched with a £300m seed commitment from South Korea’s National Pension Fund, and has a target size of £1.2bn over the next 18 months.

The SFH fund’s strategy is to acquire new-build family homes across the UK with a focus on the South and South East of England.

It has already committed to over £180m of acquisitions to date and identified a further of £100m in opportunities.

The fund’s first deal was the forward funding of 105 homes in Newhall, followed by the acquisition of 369 rental homes from Dandara in Horsham and Great Dunmow and Miller Homes in Kent.

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“Scaling LHSFF’s portfolio and meeting our ambitious deployment targets requires well-structured debt funding that can support forward funding for our investments,” said Jack Spearman, managing director of SFH at Long Harbour.

“The option to extend the size on the loan with Barclays based on future acquisitions gives us flexibility while we focus on identifying the best opportunities in the market.

“We see a huge opportunity for overseas investors to gain exposure to this high growth market, benefitting from Long Harbour’s experience in developing and operating BTR assets.”