Delancey has expanded its mandate with one of the United Kingdom’s largest corporate defined benefit pension schemes, adding up to £400 million ($531.1 million) of investment capacity for U.K. real estate, according to BDC Magazine.
The additional value-added commitment brings the mandate to nearly £1 billion ($1.33 billion) and is available for immediate deployment into sector-agnostic U.K. real estate opportunities.
Delancey has managed the pension scheme’s core portfolio since December 2022 and said the mandate has outperformed the MSCI Quarterly Property Index for three years. The firm has used what it calls a “Proactive Core” approach focused on conviction investing, active asset management, sell discipline, bespoke structuring, and environmen
