LGPS pool London CIV is preparing to start work on a new sub-fund for property investments, it has emerged.
The vehicle is currently working on an infrastructure offering which is set to go live early next year.
However, agenda papers for a meeting of London Borough of Haringey’s pensions committee and board next week says that the next launch could relate to property.
The papers said: “Initially, the CIV will conduct a scoping survey to assess what level of demand there is for property among the London boroughs, and which types of property investment there is demand for: e.g. commercial versus residential, UK versus global, etc.”
The approach which is taken by the CIV for property could be similar to that which has been taken for infrastructure, via engaging an outsourced manager to manage a fund of funds structure, according to the papers.
