The UK-based investment management company, London LGPS CIV Limited has launched its fourteenth fund, LCIV Infrastructure Fund.

The first close for the fund took place on 31 October 2019; the fund has been seeded by the company's six of its London Borough Pension Funds, with initial commitments of GBP399 million (US$514.31 million). 

The LCIV Infrastructure Fund’s initial investment will be to a renewable energy fund; investments will be in renewable technologies such as onshore and offshore wind and solar across core geographies with a focus on Europe. London CIV is partnering with StepStone, who will support investment selection, portfolio construction, and reporting services. 

LCIV Infrastructure Fund will continue to develop and launch products to augment its current fund offering and to introduce alternate asset classes to its platform.