UK local authority pension schemes and the Church Commissioners for England are among investors that have committed £350m (€410m) to Bridges Fund Management’s “dark green” real estate impact fund.
Bridges Property Alternatives Fund V, which has been classified as an Article 9 fund under the EU’s Sustainable Finance Disclosure Regulation (SFDR), attracted a number of repeat investors, including Clwyd Pension Fund, East Riding Pension Fund, the Environment Agency Pension Fund, Merseyside Pension Fund and South Yorkshire Pensions Authority.
New investors include the Church Commissioners, The Dunhill Medical Trust, Enowe, Investcorp-Tages, The JW McConnell Family Foundation and Mercer Private Investment Partners VI.
Bridges said the fund was one of only a few “dark green” real estate funds, which meet Article 9 SFDR requirements by holding assets that are sustainable from the point of acquisition.
“This is only possible because Bridges is often involved from the start of the development and planning process, allowing sustainability features to be incorporated into the building design,” the company said.
Source: realassets.ipe.com on the 9th of June