Kinetic Capital

Kinetic Capital launches £200m PBSA investment programme with StepStone Group



Kinetic Capital has partnered with StepStone Real Estate (SRE) — part of StepStone Group — to launch a £200m PBSA investment programme.

This is Kinetic’s first capital raise since launching last year with a £100m initial commitment.

The programme will focus on providing finance solutions to PBSA owners, developers and operators across key higher education markets in the UK and Ireland, covering a range of deal sizes and loan types.

Steve Grant, CEO at Kinetic Capital (pictured above), said: “We’re really pleased to close this investment programme with such a high quality partner and will look to deploy this capital efficiently into our strong pipeline of investment opportunities with leading sponsors. 

“All of our loans continue to include our unique ESG incentives, targeting initiatives to support the mental health and wellbeing of student residents. 

“We are also now looking to expand our geographical focus, building upon years of experience in a number of major European PBSA destinations, and hope to close our first investments in mainland Europe over the coming months.” 

Josh Cleveland, partner and head of EMEA for real estate at SRE, added: “We’re delighted to be partnering with Kinetic and benefitting from its expertise as a leading PBSA debt provider in this space. 

“Establishing this investment programme provides us with exposure to this attractive asset class that has performed strongly through the cycle. 

“Kinetic’s sector specialisation and track record were also a compelling draw for us, coupled with its innovative focus on ESG incentives for borrowers.”



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