The London Fund
A new LPPI and London CIV partnership

  • Positive social and environmental benefits for Londoners and sustainable long-term, risk-adjusted returns for pension investors
  • Focus on investment opportunities in residential property and affordable housing, community regeneration, digital infrastructure, and clean energy
Local Government Pension Scheme pools collaborating and working in partnership for pension investors
The London Fund is a collaboration between two Local Government Pension Scheme pools: Local Pensions Partnership Investments (LPPI) and London CIV. The ambition is to provide sustainable, long-term, risk-adjusted value to pension scheme investors, while creating a ‘double bottom line’ by generating a social benefit in Greater London through job creation, regeneration and providing a positive environmental impact for Londoners.
LPFA commits an additional £50 million to The London Fund as the fund confirms its debut investment to support the development of new quality housing stock for London
Local Pensions Partnership Investments, London CIV and the London Pensions Fund Authority announce that The London Fund secured a further £50 million investment from the London Pensions Fund Authority, bringing total investment capital to £150 million.
The London Fund completes £100 million first close to stimulate development and enterprise in the Capital
The Fund will focus on investment opportunities in residential property and affordable housing, community regeneration, digital infrastructure, and clean energy.
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The Portfolio
The London Fund’s portfolio will focus on investments in the City of London, the 32 London boroughs and their immediate surrounds, in assets such as residential property – specifically build-to-rent – and affordable housing, community regeneration projects and infrastructure, including digital infrastructure and clean energy.

Each of these assets will be selected to provide sustainable, long-term and risk-adjusted value to the pension scheme members, while creating a ‘double bottom line’ by making a positive contribution to social and environmental issues in the area.
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Why London?
London is expected to be the largest-growing region in absolute terms, to a population of 9.34 million by mid-2028[1]. Whilst growth presents opportunities for residents and investors alike, it will almost certainly put pressure on the city’s housing and infrastructure.

The London Fund is being created and designed to provide appropriate risk adjusted investment returns to support the ongoing growth in pension scheme assets whilst addressing the anticipated population growth challenges in the Capital, through large scale infrastructure projects/real estate investment in the Greater London area.
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Working in partnership for pension investors
By pooling the resources and networks of LPPI and London CIV the fund partners expect to have access to a greater range of investment opportunities for The London Fund than would be available to either entity acting alone.

With the initial investment of £150 million from the London Pensions Fund Authority, The London Fund has been able to make its first investment to support the development of new quality housing stock for London.

Local Pensions Partnership Investments is the Investment Manager and London CIV is the Alternative Investment Fund Manager.
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Contact us
If you represent a Local Government Pension Scheme, and would like more information about The London Fund, please contact [email protected].