Administrator for new healthcare property fund announced

Monday, 14 December 2009 11:10

Langham Hall has been appointed onshore administrator to the new AEGON Target Healthcare Property Fund.

The closed end fund intends to focus on the UK’s growing need for healthcare as its baby boomer generation retires and increasing longevity creates the need for specialist care facilities.

It is AEGON Asset Management's first new property fund launch since the arrival of its property team from Aviva Investors in 2008 and the fund will be managed by AEGON Asset Management's property team led by directors Phil Clark, Gerardine Davies and David Wise.
‘We are excited to be working with such a well regarded investment manager and team. We have worked together with Phil and his team in the past and look forward to developing a long standing relationship on this and future funds at AEGON,’ said Rob Short, partner at Langham Hall

Clark said that having considered a number of administrators, Langham Hall was selected because of its strong focus on real estate funds. ‘Their detailed approach at asset level, coupled with their deep sector knowledge and reputation for excellence and class leading systems were key considerations in selecting Langham Hall,’ he added.

AEGON Asset Management UK has over £41 billion of assets under management and is a part of AEGON NV, one of the world’s largest financial services groups.

Langham Hall is a specialist provider of real estate accounting, administration and consultancy services. With over $8 billion of total commitments under administration and serving over 40 funds Langham Hall has developed a reputation for highest quality administration and complex accounting solutions to the real estate and private equity industry, the company said.