More than half is invested in social and affordable housing, Big Society Capital finds – a long-term, stable asset class attracting local pension funds – while social impact ventures values fell.
As the gap between supply and demand for affordable housing widens, institutional investors see opportunities to invest to meet ESG goals and boost financial returns, writes Keith Button.
Greater Manchester Pension Fund and South Yorkshire Pensions Authority have invested in the platform, which builds housing for low-income and key worker residents.
Bridges aims to add decarbonisation projects and expand its European footprint for its sixth vintage of its flagship real estate impact strategy, NPM has learned.
Investors are getting more exacting about impact, says CBRE IM's Andrew Davey, as the firm reaches £500m for its open-end affordable housing fund with fresh commitments from two UK pension funds.