News in brief 29 November 2019

Border to Coast Pensions Partnership, whose assets total £45bn, has launched its new private credit offering and announced its initial private equity and infrastructure investments.

The £1.48bn commitment by the local government pension scheme authority pool spans the next 18 months, adding to the £15bn of funds already under management by the company. The launch is a year ahead of schedule, a milestone which Boarder to Coast described as “an important step in making a difference to outcomes”. The fund aims to enhance risk-adjusted, net of fees returns from private market investments, and will also incorporate responsible investment principles

The European Long Income Fund (ELIF), targeting euro dominated, asset backed, secure inflation-linked income streams, has been launched by Alpha Real Capital LLP

The fund will invest in commercial ground rents, amortising income strips and long lease property, and is intended to place ELIF at the lower end of the risk spectrum. Concentrating on real investment opportunities in the Eurozone, it will have an initial focus on Germany, the Netherlands and Ireland. The fund has already secured a major investment from Willis Towers Watson’s European Secure Income Fund, and has had “strong interest from European pension funds”.

Xafinity SIPP / SSAS has reached 2,000 commercial properties under administration, including 1,071 commercial property/land assets for SSAS and 929 for SIPP.

Over the last year the firm, part of the XPS Pensions Group, has completed 166 commercial property/land purchases, worth £52m. They also have over 100 commercial property purchases already underway both new and existing clients. Throughout this period, Xafinity has sold 49 property assets, worth £27m, for clients who were realising their asset for retirement, or selling their business.

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