Octopus Capital has raised a further £118 million ($160 million) into its Affordable Housing Fund. The new investment will help to fund the team’s active pipeline and scale its impact-driven strategy.
Approximately £50 million ($68 million) of the investment has come from Strathclyde Pension Fund, a Local Government Pension Scheme (LGPS), £58 million ($79 million) is a re-up from London CIV, the investment pool for London’s LGPS community, and £10 million ($13 million) is a re-up from Avon LGPS. This takes the fund’s total funds under management to more than £360 million ($488 million), which includes co-investment capital.
The fund is now backed by a growing group of institutional investors seeking stable, long-duration impact investments aligned with environmental and social outcomes. The Fund remains open to new commitments as it scales towards its £1 billion ($1.3 billion) target by 2026.
This latest fundraising round coincides with a key m
