Octopus Capital has raised just under £60 million ($80 million) into its Octopus Healthcare Fund from LGPS Central (LGPSC) and Knight Frank Investment Management. This investment will enable the fund to harness the power of private capital to enable meaningful progress in the U.K. care home sector.
Approximately £58 million ($77 million) of the investment came from LGPSC, the investment manager of the Local Government Pension Scheme (LGPS) funds of Cheshire, Derbyshire, Leicestershire, Nottinghamshire, Shropshire, Staffordshire, West Midlands and Worcestershire. By pooling resources, LGPSC is able to enhance investment outcomes and expand access to a broader range of asset classes on behalf of its partner funds. This is the case with this new investment, LGPSC’s first into the care home asset class.
“Our investment in the Octopus Healthcare Fund aligns with our objective to deliver resilient, inflation-linked income for our partner funds while contributing to cri
