Tyne and Wear Pension Fund and Scottish Borders Council Pension Fund have invested in CBRE Investment Management’s UK affordable housing fund (AHF).
The capital from the Local Government Pension Schemes (LGPS) brings the total equity commitments to over £500m.
The housing fun now have 23 investors, including 9 LGPS.
The Head of Liability Aware Strategies UK and Fund Manager for AHF and fund manager at CBRE IM, Andrew Davey said: “AHF offers investors the opportunity to access an attractive risk-adjusted return whilst achieving their impact goals.
“Independently audited performance against the funds impact objectives is critical and provides the bedrock of our investment process. Transparency and proven track record of performance against this framework for our investors has been key to the funds’ success thus far.”
The post UK Local Government Pension Fund invests in CBRE IM’s affordable housing fund appeared first on Built Environment Networking.
