THE LONDON FUND
LPFA is also working to invest in the future of Greater London, the 32 London boroughs and its communities. In 2020, Local Pensions Partnership Investments (LPPI), London LGPS CIV (London CIV) and the London Pensions Fund Authority (LPFA) formed The London Fund, an investment partnership to help solve some of the housing and infrastructure problems facing the capital.
The London Fund is designed to help address the anticipated population growth challenges in the capital through large scale real estate investment and infrastructure projects in the Greater London area, whilst providing appropriate risk adjusted investment returns that support the ongoing growth in pension scheme assets.
Sustainable returns, combined with positive social and environmental outcomes for Londoners, aim to create a bottom double line – a responsible investment principle which drives the search for investment opportunities that generate a social benefit in Greater London through job creation, regeneration and providing positive environmental impact.
An initial £100 million investment by the LPFA was made in 2020, followed by a further £50 million in 2021, marking a major contribution to the Fund’s £300 million target.
LPPI is the investment manager and LCIV is the alternative investment fund manager for the London Fund.
Find out more about London Fund on LPPI’s website.