Institution: Northern LGPS
Headquarters: Droylsden, United Kingdom
AUM: £46.0 billion ($57.60 billion; €51.42 billion)
Northern LGPS has launched a search for debut real estate investment managers, according to a press release on the pension pool’s website. The approach will mirror Northern LGPS’s investment framework for its private equity and infrastructure platforms.
The value of the three pensions’ real estate allocation pooled under Northern LGPS totals between £2 billion and £2.5 billion, or just over 4 percent of Northern’s total portfolio.
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