Street Talk

Heavyweights anchor Conscious IM’s $200m housing fund

Sarah Thompson, Kanika Sood and Emma Rapaport

Nov 27, 2023 – 5.00am

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Conscious Investment Management, founded by former Goldman Sachs Australia bankers, has ruled off a first close for its $200 million social housing fund, securing backing from the likes of Canberra Airports Rich Lister Terry Snow.

The CIM Social Housing Fund 2 has locked in $50 million of commitments, and is aiming to shut the books by the end of March. The fund would mirror the strategy of its predecessor, which raised $97 million and had ANZ Bank as its debt financier.

Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones.

Kanika Sood is a journalist based in Sydney who writes for the Street Talk column.

Emma Rapaport is a co-editor of the Street Talk column. Prior to that, she was a markets reporter at The Australian Financial Review.