20 Jan 2016
Alternative investment manager FIM has launched two UK-focused funds, which will invest in timberland and solar, respectively. Oxfordshire-based FIM, which has more than £600 million ($850 million) of assets and mainly targets high net-worth individuals and institutions, is raising funds for FIM Timberland LP and the FIM Solar Distribution LLP. The timber fund will invest in large-scale UK commercial forests, while the solar fund will invest in operational solar farms in the country. Both funds target annualised returns of 7%.