Close fund mixes health and leisure

Close Property Investment has launched the Healthcare and Leisure Property Fund, which will invest in hotels, care homes, leisure-based properties and house building. The new fund will mirror the healthcare and leisure property part of the Close Venture Capital Trust. Investments will be mainly restricted to specially formed companies with a high level of asset backing, so that even if the trading performance of the company is below expectations, the underlying asset value should provide a degree of capital protection. The proposed investment structure will be a mixture of equity and l...