Civitas Investment Management

What Civitas Investment Management does

Civitas Investment Management is a London-based impact fund advisory firm founded in 2016 that invests in social infrastructure real assets on behalf of institutional investors. The firm manages £3.7 billion in assets under advisory across four interconnected investment sectors: housing, healthcare, education, and energy/ESG. Its strategies focus on government and local-municipality-backed real assets delivering long-term, inflation-linked returns with downside protection, addressing documented supply-demand imbalances in supported housing, community-based specialist healthcare, independent special schools for neurodiverse students, and energy efficiency retrofit. The firm reports impact across 13,800+ people benefiting, 1,370+ community assets, 270+ local authority relationships, and 230+ care provider relationships.

The firm's go-to-market is institutional and enterprise-direct: it raises capital from pension funds, insurance companies, and similar institutional investors through dedicated investor relations, partnerships with leading investment houses including CK Assets and Schroders, and a dedicated investor portal (Project Haven). Revenue derives from fund advisory and management fees on committed and deployed capital, with distribution handled through direct relationships and co-investment partnerships rather than retail channels. The firm operates FCA-authorised (FRN 815699) and is signatory to the Principles for Responsible Investment (PRI), with active membership across GIIN, INREV, Pensions for Purpose, and the Impact Management Platform. Its subsidiary Quartz Housing, a for-profit Registered Provider established in 2024, extends the platform into direct development of new build social housing. Recent strategic moves include a €300 million German later living acquisition (October 2024), a £200 million CareTech specialist care portfolio acquisition, and the leadership addition of former UK Housing Minister Sir Brandon Lewis as Consultant.

Name

Civitas Investment Management

Legal name

Civitas Investment Management Limited

Website

https://civitasim.com

Company type

Private

Founded year

2016

Operating status

Operating

Headcount range

11–50 employees

Short description

Civitas Investment Management is a London-based impact fund advisory firm managing £3.7bn in assets across UK and Continental European social infrastructure — housing, healthcare, education, and energy/ESG — on behalf of institutional investors via government-backed strategies.

Ownership category

akta.pro rank

Product category

Impact Investment Management

NAICS

Portfolio Management and Investment Advice (523940), All Other Financial Investment Activities (52399)

SIC

Investment Advice (6282), Investors, Nec (6799)

akta.pro primary industry

Sustainable Private Markets (Impact PE/VC, Private Credit, Infrastructure) (FSAAALAG)

akta.pro secondary industries

Impact Investing (Intentional, Measurable Social/Environmental Outcomes) (FSAAALAC), Real Estate Investment Advisory (Acquisitions/Dispositions, Capital Allocation) (BPAJANAA)

Keywords

• Impact investment management
• Social infrastructure investing
• Institutional asset management
• Government-backed real assets
• Real estate fund advisory

Headquarters

HQ city

London

HQ country

United Kingdom

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Infrastructure, Technology or R&D, Others

Revenue model

1. Fund Advisory and Management Fees: Civitas generates revenue through investment advisory services to institutional investors, managing assets across multiple strategies including real assets backed by governments and local municipalities. The firm advises on assets under management totaling £3.7 billion including committed capital.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels5 records

Core offering

Civitas Investment Management is an impact fund advisory firm that invests across the UK and Continental Europe on behalf of institutional investors. The firm manages £3.7bn in assets under advisory across four interconnected investment sectors—Housing, Healthcare, Education, and ESG/Energy—through government-backed strategies targeting real assets with long-term, inflation-linked returns and measurable social impact.

Product overview

Civitas Investment Management is an impact fund advisory firm offering a unified investment platform focused on social infrastructure. The core offering comprises four interconnected investment sectors: Healthcare, Housing, Education, and ESG/Energy Efficiency. The firm manages approximately £3.7 billion in assets under advisory across these sectors, which generate stable, long-term, inflation-linked returns backed by government support. Subsidiary brands include Quartz Housing (a Registered Provider for social housing delivery) and Project Haven (investor portal). The company also operates a Quality Assurance Board for clinical governance oversight of healthcare properties.

Differentiator

Problem solved

Functional benefit

Brands

• Quartz Housing: For-profit Registered Provider established to support the delivery of additional new build high quality social housing across the UK, including general needs and shared ownership social housing. Achieved RP status in February 2024.

Products and services

• Healthcare Investment Investment in specialist long-term healthcare facilities delivering community-based residential care for people with higher acuity needs, including rehabilitation services and support for disabled individuals. The strategy targets institutional investors seeking stable, government-backed healthcare property exposure.
• Housing Investment Development and acquisition of community, affordable, and care-based housing addressing societal demand for supported housing for adults with long-term care needs. The strategy supports over 270 local authorities and includes over 1,300 community properties.
• Education Investment Investment in independent special schools providing bespoke education within dedicated environments for neurodiverse young people unable to partake in mainstream education. The strategy works with leading specialist education providers across 11 UK regions with European expansion plans.
• ESG / Energy Efficiency Investment Investment in enhancing energy efficiency across portfolios and supporting innovation and development to drive the transition to renewable energy, including solar panel installation and heat pump technology. Targets minimum EPC B for new developments and EPC C for existing properties.
• Quartz Housing A for-profit Registered Provider (RP) subsidiary established to support the delivery of new build high quality social housing across the UK, including general needs and shared ownership social housing. Achieved RP status in February 2024.

Quantifiable outcome

• 13,800+ people benefiting from positive social impact
• +5 more outcomes

Named customers4 records

Segments5 records

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Four partnerships are on record, tiered core and minor.

• The Good EconomycoreStrategic or Co-development PartnerESG and social impact advisory consultancy. Civitas works with The Good Economy to proactively measure and improve impact across every stage of the investment and asset management process. The Good Economy published a report on Civitas's systematic improvement of energy efficiency in older stock.
• Sonnet ImpactminorStrategic or Co-development PartnerImpact management specialist. Partnered with Civitas in the pursuit of responsible and sustainable investment aligned with UN Sustainable Development Goals.
• E.ONminorStrategic or Co-development PartnerEnergy supplier partnered with Civitas for a systematic retrofit programme to improve energy efficiency of older stock. Partnership supports ESG commitments across the housing portfolio.
• FTI ConsultingminorOthersPR and communications consultancy handling media enquiries for Civitas Investment Management.

Scale indicators12 records

Recent moves9 records

Expansion highlights6 records

Direct peers

• Cheyne Capital Management: UK-based alternative investment manager with dedicated real-estate strategies including social and specialist housing. Operates as a niche UK manager in overlapping property-based impact and real-asset strategies.
• Octopus Real Estate: UK-based real-asset investment manager focused on healthcare, retirement living, and social housing with a similar specialist-team, institutional-LP go-to-market. Both firms occupy the UK social-infrastructure niche and even share quality-assurance governance expertise (Civitas's QAB chairman previously chaired Octopus Real Estate's Clinical Assurance Board).
• Bridges Fund Management: A UK impact-investment specialist managing private debt, property, and venture funds with a social-and-environmental mandate. Highly comparable as a dedicated UK impact manager serving institutional capital across real assets.
• Big Society Capital: UK's leading social-impact investor and wholesale impact-investment fund, deploying institutional capital into housing, healthcare, and community assets. Operates in an overlapping UK impact-infrastructure remit as both a fund-of-funds and direct investor.
• Triodos Investment Management: European impact-investment manager with strategies covering sustainable real estate, inclusive society, and climate. Comparable mission-driven, long-term institutional mandate with measurable social/environmental return targets.
• Social Finance: UK-based social-impact advisory and investment manager focused on outcomes-based commissioning, social housing, and social infrastructure for vulnerable populations. Comparable mission, customer base (institutional and government), and asset focus.

Broad incumbents

• Patrizia UK: European real-asset investment manager with UK housing, healthcare, and operational real-estate strategies serving institutional clients. Overlapping client base and asset focus at incumbent scale.
• Legal & General Capital: The principal-investment arm of Legal & General that invests directly in UK social and affordable housing and broader alternatives. Comparable exposure to UK housing and social infrastructure at substantially larger scale as a broad-incumbent insurer-affiliated manager.
• M&G Real Estate: One of the largest European real-estate investment managers, with established activity in social/affordable housing and private-rented sectors. Overlaps with Civitas in UK real-asset institutional strategies but at much greater scale and product breadth.
• Schroders Capital: The infrastructure and real-assets arm of Schroders (Civitas's own distribution partner) with a much broader platform spanning infrastructure debt/equity, real estate, and private equity. Comparable institutional-LP focus but operates at materially greater scale and asset-class breadth.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles17 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments2 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Civitas Investment Management