Impact investor HSPG has split into two separate businesses focused on investment and affordable housing.
After the demerger, Guy Horne (left) will lead Sevet and David Searle will lead Highdale
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Impact investor HSPG has split into two separate businesses focused on investment and affordable housing #UKhousingThe impact investor, which operates for-profit affordable housing provider Archie Homes, has announced a demerger.
Guy Horne and David Searle, co-founders of HSPG, have launched two independently owned and led businesses: Sevet and Highdale.
The move enables both founders to focus on their individual areas of expertise and pursue their own strategies and ambitions, HSPG said.
Sevet, led by Mr Horne, will focus on accelerating affordable housing delivery. This includes the for-profit registered provider Archie Homes, which was previously called Park Properties Housing Association.
Sevet will continue to grow Archie Homes and intends to unlock more than £1bn of investment in affordable housing.
The for-profit received a major capital injection from US investor Sixth Street in April and secured a strategic partnership under the government’s £39bn Social and Affordable Homes Programme in August. Archie was allocated £148.9m of grant to deliver 1,500 homes over the next decade.
Highdale, led by Mr Searle, is a UK real estate investor, developer and operator with more than 3,000 homes under management through its various platforms.
The firm’s investments include 3PAM, Highdale’s established third-party property and asset management business which serves local authorities, registered providers, housing providers and private landlords.
HSPG team members have moved across to one of the two businesses to ensure continuity for residents, partners and customers, who will continue to receive services as normal throughout the transition.
Following the demerger, HSPG will cease to operate under its existing name and its activities will continue independently through Sevet and Highdale.
HSPG, founded in Manchester in 2015, has grown from a two-person operation into a national housing investment and asset management business working with 60 local authorities. The impact investor has helped provide homes for more than 13,000 people and deployed more than £1bn into social and affordable housing.
Mr Horne, chief executive of Sevet, said: “This next chapter gives us the opportunity to bring even greater focus to our mission and accelerate the delivery of affordable housing across the UK.
“Through Archie Homes and our continued partnership with Sixth Street, we have the capital, experience and strong pipeline of opportunities in place to help thousands more people access safe, secure and affordable homes in the parts of the country where they are needed most.”
Mr Searle, founder of Highdale, said: “Highdale begins this new chapter with the advantage of an experienced team, established platforms and a well-capitalised business.
“We are focused on building on what has already been achieved, with a new pipeline of exciting opportunities ahead of us.”
Last month, Archie Homes posted a 6.5% rise in profits for 2025-26. Post-tax profit stood at £794,421, up 6.5% from the year before.
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