Press Release

Five local authority funds to invest £100m in residential property

December 12, 2017

Five local government pension schemes have committed £100m collectively as cornerstone investors to a ten-year closed-end vehicle called Hearthstone Residential Fund 1 (HRF1).

The cornerstone investors include the Derbyshire Pension Fund, Nottinghamshire Local Government Pension Fund, Staffordshire Pension Fund, Teesside Pension Fund and West Midlands Pension Fund.

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