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

  • Unlimited access to real-time news, analysis and opinion from the industry
  • Receive our in-depth monthly magazine in either print or digital format
  • Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
  • Receive important and breaking news stories selected by the Editors in our daily newsletter
  • Hear from industry experts and other forward-thinking leaders
  • Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date

Join now

 

Already a Professional Pensions
member?

Login

More on Investment

UK pension funds intend to raise renewable investment levels over next five years

UK pension funds intend to raise renewable investment levels over next five years

AlphaReal research finds 95% of respondents plan to increase renewable energy allocations

Martin Richmond
clock 16 April 2024 • 2 min read
Partner Insight: Diverging markets, diversified portfolios

Partner Insight: Diverging markets, diversified portfolios

With the paths of major economies poised to diverge, PIMCO discuss why they believe it is critical to act...

Tiffany Wilding and Andrew Balls at PIMCO
clock 16 April 2024 • 2 min read
Grant Thornton Pensions Fund appoints Cardano as fiduciary manager

Grant Thornton Pensions Fund appoints Cardano as fiduciary manager

Cardano appointed to provide investment risk and management services for £250m scheme

Martin Richmond
clock 15 April 2024 • 1 min read
Trustpilot