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...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
In just a few clicks you can start your free Professional Pensions Lite membership for 12 months, providing you access to:
- 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
