Northern LGPS Partners Taps UK-based RE Fund Heim

Northern LGPS has reportedly made an investment in Heim’s UK Residential Fund, representing a new partnership for the UK-based pension pool.

The fund focuses on middle-market rental housing in the UK, with a first investment already made in Leeds within West Yorkshire county, and has collected £375M (~$458M) in initial capital commitments against an £800M (~$974.3M) target on first close. The amount of the pension’s investment in the fund was not clearly disclosed. 

To date, Northern LGPS manages total plan assets of over £60B (~$73B) comprising the Greater Manchester, Merseyside, and West Yorkshire LGPS funds.

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Written By: Dakota

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