1. Home
  2. People and Events
  3. 19 January 2023 - Place-Based…

19 January 2023 - Place-Based Impact Investing Forum online morning coffee with Edmond de Rothschild Asset Management

The dual returns of affordable housing.

Posted on Jan 19, 2023

Only members with restricted access (ie. academics, asset owners, government and regulatory, independent advisers/trustees and sponsoring employers) can view this article. Please login or join to view.

...
...

Edmond de Rothschild Asset Management and Pensions for Purpose were delighted to invite you to a Place-Based Impact Investing Forum online morning coffee to discuss the impact and financial returns investing in UK affordable housing can deliver. The Good Economy joined us and give an independent view on integrating, measuring and monitoring impact.

Adrian D'Enrico discussed these three topics:

  • Impact investment in housing: how an impact-led approach can maximise societal benefit while delivering appropriate long-term investment performance.
  • Demand-driven income and diversification: why affordable housing's long-term, demographic underpin (and acute supply shortfall) supports dependable inflation-aligned income and makes the sector a useful diversifier to cyclical real assets.
  • Investment in an uncertain market: assessing opportunities for investment across the sector, noting that not all investments are 'as safe as houses'.

Adrian was joined by Andy Smith from The Good Economy who will comment on the importance of:

  • Integrating impact into the investment process.
  • Monitoring and measuring impact to ensure ongoing benefit.
  • The need for transparency when it comes to impact reporting.

This was followed by a roundtable discussion with Q&A and shared insights moderated by Martin Pattinson, Lead of the Place-Based Impact Investing Forum (PBII) from Pensions for Purpose.

Who was this event for?

This event was opened to asset owners such as pension fund trustees and executives, investment consultants, and independent trustees or advisers.

Sponsor
Speakers biography

Adrian D'Enrico, Fund Manager, Affordable Housing, Edmond de Rothschild

Adrian DenricoAdrian joined Edmond de Rothschild in September 2022 as Fund Manager of Funding Affordable Homes and is responsible for growing the UK affordable housing platform. Adrian has over 14 years' experience in real estate fund management, having acquired, developed and managed over £1 billion of real estate across traditional commercial, alternative and social strategies.

Recently, Adrian was Head of Social Real Estate at Alpha Real Capital, where he led the strategy and growth of the group's social real estate funds and directly headed up a pooled open-ended social long income and a bespoke regional segregated mandate.

Before joining Alpha, he was fund manager of Henley's £410 million specialised supported living long income fund SIPUT, having previously led AXA's £350 million long income fund UKLLPF, along with the AXA Group Pension Scheme and AXA Insurance UK real estate portfolios (£300 million+). Prior to working in fund management, Adrian held research and strategy roles at both AXA and Savills IM.


Andy Smith, Head of Housing Impact Services, The Good Economy (TGE)

Andy Smith

Andy leads on housing and real estate at TGE, working with clients to design impact measurement and management systems and deliver independent impact reports. Andy has developed the TGE Affordable Housing methodology and has created the standardised metrics used by all The Good Economy's clients. He also led the development of the sustainability reporting standard criteria – used by over 100 housing providers and lenders.

Since joining The Good Economy in 2018 Andy has overseen TGE's growth in impact services for housing clients.Andy joined The Good Economy from Social Finance, where he was the project manager of an innovative tech product which helped local authorities provide better support to young people leaving.

 

The Place-Based Impact Investing Forum

The Place-Based Impact Investing Forum was established by Pensions for Purpose and The Good Economy and is run in partnership with the Impact Investing Institute to help pension funds and other asset owners make informed decisions about place-based investments. We do this by sharing place-based-related thought leadership written by our members (asset managers, consultants and lawyers), by running training workshops for trustees and by engaging in industry-wide conversation through our quarterly all-stakeholder and asset-owner events.

To join the Place-Based Impact Investing Forum please email Martin Pattinson.

Pensions for Purpose

Pensions for Purpose exists as a bridge between asset managers, pension funds and their professional advisers, to encourage the flow of capital towards impact investment. Our aim is to empower pension funds to seek positive impact opportunities and mitigate negative impact risks.

For more information, please email Membership Manager.