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Residential affordable housing
ACCESS Pool has committed £125m to L&G's new affordable housing fund.
Cityscape of a residential area with modern apartment buildings, new green urban landscape in the city
The ACCESS Pool has £100m to invest in a decarbonisation real estate fund.
NextEnergy Capital has raised £653m following a commitment from London LGPS CIV Limited.
Anton Orlich, CalPERS
The pension has reduced the size of its re-ups, and in some cases not re-upped at all, on the basis over concerns about portfolio company labour practices, said private equity investment director Anton Orlich.
The pension pool is continuing to allocate to climate funds, having recently raised an further £1.2bn from its shareholders.
Middle Eastern institutions have been committing billions of dollars to climate funds: ALTÉRRA has committed $6bn to funds managed by TPG, BlackRock and Brookfield, while Investcorp's decarbonisation fund is anchored by Bahrain's Mumtalakat.
Only a handful of investors are entirely excluding all forms of fossil fuels for new private markets investments.
The Council on Ethics, which supervises the sustainability activity of AP funds one to four, has laid out its sustainability priorities.
The superfund has now made three impact investments and plans to achieve a one percent allocation to impact by 2026.
Investing in venture-stage technologies 'that will assist the energy evolution' are part of the pension's plan to meet its net-zero 2050 target.
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