Northern LGPS seeks debut real estate managers

The UK pension pool is on the lookout for its maiden external real estate managers.

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.

Northern LGPS is the largest of the UK’s eight pension pools, and combines the assets of Greater Manchester Pension Fund, Merseyside Pension Fund and West Yorkshire Pension Fund.

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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