Liverpool pension fund backs Barwood Capital fund

Barwood Capital, the Northampton-based U.K. regional investment and development specialist, has successfully raised £48 million ($60 million) of equity for its Regional Property Growth Fund IV, putting it on track to achieve its target of £100 million ($125 million), with a hard cap at £150 million ($187 million).

Barwood Capital’s fifth property fund launched in spring 2019 and is a five-year, closed-end fund that will invest in U.K. regional property outside London, driven by significant ongoing changes in technology, infrastructure and demographics.

The fund will focus on industrial, alternatives, selective offices and real estate opportunities benefitting from improved infrastructure investment.

Over 90 percent of the investors in Growth Fund IV have invested in previous Barwood Capital property funds. Investors include high-net-worth individuals, family offices and Merseyside Pension Fund. Further closes are expected in fourth quarter 2019 and first qu