Five local authority funds to invest £100m in residential property

Michael Klimes
clock • 2 min read

Five local government pension schemes have committed £100m collectively as cornerstone investors to a ten-year closed-end vehicle called Hearthstone Residential Fund 1 (HRF1).

The cornerstone investors include the Derbyshire Pension Fund, Nottinghamshire Local Government Pension Fund, Staffordshire Pension Fund, Teesside Pension Fund and West Midlands Pension Fund. HR...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here

Join now

 

Already a Professional Pensions
member?

Login

More on Investment

Partner Insight: Mind the underinvestment gap - Shaping the UK's future through private markets investment

Partner Insight: Mind the underinvestment gap - Shaping the UK's future through private markets investment

With significant underinvestment placing pressure on the UK’s social infrastructure, M&G Investments highlights how institutional capital can drive regeneration and unlock long term social and economic benefits.

M&G Investments
clock 18 February 2026 • 7 min read
Border to Coast makes £70m foray into single-family housing

Border to Coast makes £70m foray into single-family housing

‘Landmark’ deal sees LGPS pool fund 139 homes at Springstead Village in Cambridge

Jonathan Stapleton
clock 09 February 2026 • 2 min read
Partner Insight: Democracy and the rule of law is the defining ESG issue of the year

Partner Insight: Democracy and the rule of law is the defining ESG issue of the year

For the past several years, climate has dominated ESG agendas. Rightly so in our view, given that its physical and transition risks are reshaping portfolios and policy alike. But in 2026, one issue has returned to the forefront with unmistakable urgency:...

Ashley Hamilton Claxton, Head of Responsible Investment at Royal London Asset Management
clock 09 February 2026 • 2 min read
Trustpilot