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Alix Rice joins the affordable housing investment firm after almost 18 years at real estate investment and management company Jamestown.
London Borough of Sutton Pension Fund has committed to three funds managed by its LGPS pool London Collective Investment Vehicle.
The local government pension scheme is set to increase its allocation to Orchard Street.
Backed by a €150m cornerstone investment, the British real estate investment manager looks to make €600m in investments through a new platform called European Senior Living.
Resonance is the latest firm to launch a housing fund that can take large commitments from institutional investors.
More than half the water paid for in affordable multifamily properties in the US never reaches a tenant's tap. New data shows plugging those leaks can create value for investors, writes Bob Simpson, founder and CEO of the Multifamily Impact Council.
The pension fund will invest €500m with manager Bouwinvest in sustainably built affordable housing.
The CIM-BGV Affordable Housing Impact Fund had raised $110m in equity from at least eight LPs by the end of July.
Resonance Housing Pathways Fund has held a £118m first close, and is aiming to raise £700m by 2030.
The regional lender's contribution kicks in increased commitments from Truist Bank and Flagstar Bank, and brings the fund's total investment capacity to $315m.