Strathclyde Pension partners with PfP Capital

The UK public pension has backed a multifamily/residential real estate vehicle with a further £20m.

Institution: Strathclyde Pension Fund
Headquarters: Glasgow, UK
AUM: £30 billion ($36 billion; €34 billion)

Strathclyde Pension Fund has confirmed a £20 million ($24 billion; €22 billion) commitment to PfP Capital‘s latest real estate fund, according to the pension’s March investment committee meeting minutes.

The fund, PfP Capital scottish mid-market rent fund, will invest in multifamily/residential properties and will seek core-styled returns. The pension’s commitment represents additional top-up capital, as the pension previously invested £25 million to the same fund in 2019.

As illustrated below, Strathclyde Pension Fund typically makes commitments to private real estate vehicles focused on western Europe across a variety of sectors and strategies.

Platinum subscribers may click here for the investor’s full profile, including key contacts, allocation strategy and fund investments.