Three London local government pension bodies have announced plans for a new fund focused on housing and infrastructure investment.
The London Collective Investment Vehicle (LCIV) is joining with Local Pensions Partnership (LPP) and the London Pensions Fund Authority (LPFA) to launch the new venture later this year.
The venture will focus on assets in the capital including build-to-rent residential property, affordable housing, community regeneration, and digital and clean-energy infrastructure.
A statement from the partners said: “Each of these assets will be selected to provide sustainable, long-term and risk-adjusted value to the pension scheme members, while creating a ‘double bottom line’ by making a positive contribution to social and environmental issues in the area.”
