USS expands alternative property portfolio with £95m acquisition
Universities Superannuation Scheme (USS) has increased its allocation to alternative property assets with the purchase of 32 nurseries and one special educational school.
The £57bn scheme has acquired the PINE unit trust from private equity fund manager Espiris for £95m. It now has £3.2bn of property assets, roughly 5.5% of all assets under management. The scheme said...
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