Leicestershire County Council Pension Fund and the University of Liverpool Pension Fund have committed a combined £50 million ($69 million) to the Kames U.K. Active Value Property Unit Trust II, managed by Kames Capital.
Kames U.K. Active Value Property Unit Trust II launched in 2016 with a £250 million ($333 million) fundraising target. The launch of the seven-year closed-end Active Value Property Fund II followed the success of its first fund, the U.K. Active Value Property Unit Trust, which raised £275 million ($366 million). It will follow the original fund’s investment strategy, targeting the good-quality secondary commercial property market, particularly those properties in the £5 million ($6.7 million) to £15 million ($20 million) price bracket.
