Hedge fund firm Omni Partners is launching its first property lending fund.
Financial News reported that the new fund from the London-based firm will focus on commercial and residential property loans with a loan-to-value ratio of up to 70% with a maximum duration of 18 months.
The article added that the duration for Omni’s new fund is shorter than other funds in the market, which usually takes five to ten years. Additional information regarding the new fund was not disclosed.
Founded in 2004, Omni has about $800 million in assets under management.