Octopus Investments has raised a further £150 million (€178 million/$195 million) into its Affordable Housing Fund from a number of Local Government Pension Scheme (LGPS) investors.
The new commitments come from Avon (£50 million/€59.5 million/$65 million), Gloucestershire (£50 million/€59.5 million/$65 million), Devon (£40 million/€47.5 million/$52 million) and Clwyd (£10 million/€12 million/$13 million) LGPS, and include co-investment to deliver affordable homes in specific geographic areas. This latest fundraising round follows the fund announcing its first close in December 2023, with a £50 million raise from London CIV, the investment pool for 32 of London’s LGPS, and an additional £10 million (€12 million/$13 million) from Better Society Capital, the United Kingdom’s leading social impact investor.
The capital raised in 2023 has now been fully allocated to affordable housing projects, demonstrating the fund’s ability to deploy capital at
