Starlight Investments has closed Starlight UK BTR Fund II, bringing total commitments across the fund and ancillary investment vehicles to £680 million. The capital will support the acquisition and delivery of more than 6,000 build-to-rent homes across the UK. Fund II is partially deployed and includes three rental communities under construction—two in Manchester and one in Basildon. The fund drew institutional investors from Europe, APAC and Canada, including existing limited partners and new investors, and received a major commitment earlier this year from Homes England’s National Housing Bank. Starlight said its UK platform has 12 BTR communities spanning development, leasing and operations, and that its growing portfolio will place it among the UK’s top four BTR operators by scale.