- Pension Insurance Corporation (PIC) has completed a second £40m long-dated, senior secured private debt investment with Soha Housing, a regulated housing association based in South Oxfordshire.

The investment follows an initial £40m private placement completed in 2018 and will see the housing association build 250 homes per year as part of its development programme. The investment, which matures in 2051, is tailored to match PIC’s pension liabilities in years where it is difficult to source cashflows in the public bond markets. Soha Housing provides almost 7,000 affordable rent and shared ownership homes.

- Legal & General Investment Management Real Assets has provided £125m in long-term financing to the City of London Corporation via a green and sustainable financing framework.

The City Corporation will use the £125m investment to fund a number of major capital projects, which include plans to consolidate three wholesale food markets and relocate the Museum of London. The corporation, which is the UK’s fourth biggest funder of heritage and cultural causes, looks after 11,000 acres of green space, including Hampstead Heath and Epping Forest. The financing framework has been verified by DNV-GL, an independent assessment of the accuracy and integrity of green bond information and data.

- US-based Backstop Solutions Group has introduced what it calls a “groundbreaking” new platform that allows asset allocators to take control of time and information with automated straight-through processing of due diligence documentation

The platform, called IntellX, uses artificial intelligence and machine learning to automate inbound data collection, classification, and management. The company says that IntellX will enable investors and investment mangers to boost productivity and spend more of their time on the activities that create the most value for their investment teams. IntellX uses a documentation classification engine powered by artificial intelligence to label each unique file type. Machine learning capabilities enable IntellX to continuously improve its ability to organize content based on specific user-defined nomenclature. The Eastman Kodak's pension investment group is one of the first organisations to have begun using the platform.

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