Octopus Investments announces £150mn local government pensions scheme investment into affordable housing – press release

This includes co-investment commitments to build homes in specific geographic areas.

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The new commitments come from Avon (£50mn), Gloucestershire (£50mn), Devon (£40mn) and Clwyd (£10mn) LGPS and include co-investment to deliver affordable homes in specific geographic areas. This follows a £50mn capital raise from London CIV, the investment pool for 32 of London’s Local Government Pension Schemes, and an additional £10mn from Better Society Capital, the UK’s leading social impact investor. 

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