The billionaire family that controls Washington Soul Pattinson is poised to make a fresh push into asset management with plans to launch a listed investment company (LIC) that will invest in assets poised to benefit from urban renewal.
It is understood the investment managers are seeking to raise $300 million that will be invested in a mixture of direct property and equities in order to capitalise on the themes of urban regeneration and renewal.
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James Frost writes about banking, funds management and superannuation. Based in Melbourne, James has been reporting on specialist business and finance topics for 15 years. Connect with James on Twitter. Email James at james.frost@afr.com
