Gresham House raises £150m

The UK-based specialist asset management firm’s fund receives support from LGPS investors.

British Strategic Investment fund has held a first close at £150 million. The vehicle, which has ticket sizes of £50 million or less, will target the UK housing sector and infrastructure-related assets. A final close is expected in 2018.

The fund is specifically targeted at investors such as pension funds, family offices and endowments, including its cornerstone investor The Royal County of Berkshire Pension Fund.