Investors - NOVEMBER 24, 2015

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U.K. pension fund commits to Kames healthcare vehicle

by Andrea Waitrovich

The Lancashire County Pension Fund, a U.K. pension scheme, has committed £25 million ($38 million) to a healthcare fund managed by Kames Capital.

The Kames Target Healthcare Property Unit Trust aims at providing institutional investors access to the expanding healthcare sector focusing particularly in specialist care home facilities.

“This investment into the Kames Target Healthcare Property fund continues our long-term strategy of increasing our exposure to real assets such as infrastructure and real estate,” said Richard Tomlinson, Lancashire County Pension Fund senior investment manager, in a statement. “Specialist healthcare property offers an attractive and stable income yield with the potential for capital growth. We were attracted to the strong team behind the fund and their best-in-class approach to accessing specialist healthcare assets.”

The trust offers a competitive yield and the potential for capital growth.

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