Legal & General today announced that it has raised £510 million (€614 million/$630 million) for its affordable housing investment strategy as part of the second close of its Affordable Housing Fund.
New investors include London CIV, the entity that manages London Local Government Pension Scheme (LGPS) assets, which has invested £100 million (€120 million/$124 million), alongside social impact investor Better Society Capital. In addition, ACCESS Pool, an LGPS collaboration of Central, Eastern and Southern Shires, has invested a further £20 million (€24 million/$25 million) in addition to a previous allocation in 2024. With severe supply shortfalls in affordable housing across the United Kingdom, this additional capital highlights how the public and private sector can come together to build more homes and make a meaningful impact.
Since launching its Affordable Housing Fund in July 2024, L&G’s investment strategy has attracted strong investor interest,
