The London Pensions Fund Authority (LPFA) has invested £50 million ($69 million) in The London Fund, which is focused on investment opportunities in private rented sector affordable housing, regeneration schemes and specialist accommodations, such as senior living and co-living.
Local Pensions Partnership Investments serves as the investment manager, and London CIV serves as the alternative investment fund manager for the fund. The latest investment brings the fund’s total capital to £150 million ($208 million).
“The London Fund is a unique partnership between Local Government Pension Schemes and pools to create sustainable and resilient assets that will provide value for our pension scheme members over the long term and at the same time offer focused investment opportunities that benefit local communities,” said Chris Rule, CEO of Local Pensions Partnership Investments. “Supporting large-scale residential property projects is an important part of our investm
