Strathclyde Pension Fund approves £75m commitment

The UK public pension has backed an open-ended European real estate fund.

Institution: Strathclyde Pension Fund
Headquarters: Glasgow, United Kingdom
AUM: £22.29bn
Allocation to alternatives: 26.89%
Bitesize: $50-100m

Strathclyde Pension Fund has agreed to commit £75 million to Legal & General’s open-ended UK Build to Rent Fund, according to the pension’s June meeting minutes. The fund will be focusing on residential investments in Western Europe.

The £22.29 billion UK public pension has a 9.05 percent allocation to real estate.

As illustrated in the charts below, Strathclyde Pension Fund has committed to three real estate funds since 2015, which combined constitutes £110.63 million.

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