Local Pensions Partnership Investments, London CIV, and the London Pensions Fund Authority have announced the first close for The London Fund after securing GBP 100 million (US$ 135 million) investment from the London Pensions Fund Authority, toward its targeted £300 million (US$ 418.97 million) offering.

The Fund will focus on investment opportunities in residential property and affordable housing, community regeneration, digital infrastructure, and clean energy.

Further material commitments from several London CIV Client Funds could see a second close in 2021 to bring the fund to capacity.