USS expands alternative property portfolio with £95m acquisition

James Phillips
clock • 1 min read

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...

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James Phillips
Author spotlight

James Phillips

Professional Pensions journalist from 2016-2022

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