Aviva Investors, the global asset management business of Aviva plc, has been selected by London CIV, the collective investment vehicle for the group of London Local Authorities (LLA) Pension Funds, to manage its newly created Inflation Plus Fund.
The fund will primarily target opportunities in real estate long income, including investment in long-lease and ground rents. It will also have the flexibility to invest across other asset classes, such as infrastructure debt and real estate debt, in order to source the best relative value opportunities.
Initially launched with £107 million ($121 million) from London Borough of Bexley and the Borough of Redbridge, the fund is the only strategy on the London CIV platform that seeks to address cashflow and liability requirements for member schemes, and will draw on resources from Aviva Investors’ £46 billion ($52 billion) real assets business.
“In this challenging investment environment, predictable, inflation-linke
