Thriving Investments, formerly known as PfP Capital, appoints Jamie Younger as Fund Manager for Picture Living, its £330m regional PRS platform

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Thriving Investments, the social value and ESG-focused real estate fund manager, has appointed Jamie Younger as Fund Manager, with responsibility for its regional Private Rented Sector (“PRS”) strategy, the £330 million Picture Living platform (“Picture Living”). Jamie will replace Tim Saunders, who is retiring after seven years with Thriving Investments.  He will be instrumental in supporting Thriving Investments' ambitious growth plans, which include scaling the Picture Living strategy.

Picture Living was launched in May 2018 as a joint venture between Universities Superannuation Scheme, one of the largest pension schemes in the UK by AUM, and Thriving Investments' parent company Places for People. Jamie will oversee new acquisitions alongside James Nicholls, who joined Thriving Investments in December 2022 from Leaf Living. To date, Picture Living has amassed a portfolio of over 1,500 single family homes and apartments, and is actively acquiring schemes of 30-to-80 units across the UK. Touchstone, the specialist property management business of Places for People, manages the portfolio on a day-to-day basis.

Jamie will also work alongside the senior management team to develop and implement new strategies, as Thriving Investments looks to expand its product range to meet growing appetite from both domestic and international capital sources for exposure to the living sector, through funds that offer a combination of social value alongside competitive, stable, diversified long term returns.

Jamie has over 25 years of experience in the fund management, real estate equity and credit investment space. He joins Thriving Investments from PATRIZIA (formerly Rockspring Property Investment Managers), where as Head of Transactions, UK and Ireland, he led a seven strong team.  He originated and executed on over £1b billion of investments for multiple sources of internal and external capital across the risk spectrum over the last 5 years. He previously held senior roles at GE Capital, Lehman Brothers, and Invesco. 

Catherine Webster, CEO of Thriving Investments, commented: “Jamie has a proven track record across the capital stack in both the living and commercial investment sectors. His experience will be key as we look to quickly scale the Picture Living strategy, whilst targeting the launch of more innovative fund strategies over the medium term to meet growing investor demand in the living sector.”

Jamie Younger, Fund Manager, Thriving Investments, added: “Thriving Investments' unique model – as fund manager balancing profit and purpose – is very attractive, whilst it also provides a blueprint for future housing delivery in the UK. Its focused living strategy and access to pipeline through its Places for People relationship can be married up with institutional capital seeking an experienced partner to offer attractive risk adjusted returns. This is a rare opportunity to work with Cath and the highly experienced team to help Thriving Investments achieve its ambitions in the critically undersupplied UK residential sector, whilst delivering positive social impact across the regions.”


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