-
Pension fund leaders plan infrastructure investment drive to support communities and fuel UK economyAlmost two-thirds (65%) of UK pension fund leaders surveyed are expecting to increase their investment in UK infrastructure during the...April 29, 2024News
Strathclyde gives green light to new impact investments
NewsThe Strathclyde Pension Fund approved three new investments totalling £100 million from its direct impact portfolio (DIP) into clean energy and affordable housing in Scotland.
The largest – £60 million – was into the Capital Dynamics Clean Energy UK Fund that will facilitate the acquisition and construction of a portfolio of clean energy projects.
It will focus on wind, solar and battery storage assets in the core markets the United Kingdom (85%+) and the Republic of Ireland.
The fund has been awarded an article 9 (dark green) status.
The fund’s direct investment portfolio (DIP) invested £40 million in the predecessor fund, which it said is performing well.
The second allocation was £20 million into the Corran Environmental Fund II, investing in the clean energy and environmental sectors, targeting assets that will promote decarbonisation and help deliver net zero strategies.
The other £20 million is to the PfP Scottish Mid-Market Rent Fund, providing quality, affordable homes for the midmarket rental sector in Scotland’s main cities.
DIP committed £25 million to the fund in 2019 which has performed well to date, despite the various challenges during the pandemic.
More Related Articles...
Published: April 26, 2023
Home »
Impact Investing , Real Estate