Wiltshire pensionfund publishes on its website:
We are delighted to share that Octopus Affordable Housing Fund has been selected as the final allocation in our Affordable Housing Portfolio, with a commitment of £30m.
This portfolio addresses the social need for more affordable housing stock in the UK, an area where demand vastly outstrips supply, creating a compelling investment opportunity. Our portfolio targets secure, sterling, inflation-linked returns for the pension fund, whilst also getting more people into more affordable and more energy-efficient homes.
Octopus Investments launched in 2000 as a retail investment firm. Since then, it has become B Corp Certified and has grown into a group of businesses, including the institutional asset management business which is the fund manager of the Octopus Affordable Housing Fund.
It’s great to be working with the Wiltshire Pension Fund team to provide patient capital to the affordable housing sector, funding the delivery and long-term ownership of new homes. We’re hyper-focused on building a portfolio of affordable homes that we as fund managers and our institutional investors like Wiltshire, can be truly proud of, that are both energy-efficient and affordable from the outset and throughout their life. Jack Burnham, Head of Affordable Housing at Octopus Investments.
We are really excited to be adding Octopus to our UK Impact Affordable Housing portfolio. We feel that they offer a differentiated approach and will be an excellent addition alongside our existing managers. Octopus have a focus on genuine affordability and we believe they can use their wider organisation to deliver environmental innovations as well. Our portfolio is already delivering significant social and environmental benefits in the UK, and we look forward to increasing this even further by partnering with Octopus. Jennifer Devine, Head of Wiltshire Pension Fund.
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