KMG Capital Markets
About KMG GB Strategic Land Fund (Lucent)
The Lucent Strategic Land Fund was a Luxembourg-domiciled open-ended investment company (OEIC) and a dedicated fund of the KMG SICAV–Specialised Investment Fund (SIF), whose investment objective was to achieve medium to long-term capital growth through investment in strategic land assets in high growth areas of the UK.
In July 2016 it was confirmed that Lucent Advisors is no longer involved in the sub-Fund or its projects. Given the advanced stage of the investments and the focus now on bringing these projects to successful completion, it was advantageous for shareholders that KMG, the fund manager, now works directly with the project teams to pursue the broadest possible range of exit strategies. This change to the operating arrangements has also significantly reduced costs.
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