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Local Pensions Partnership gains new real estate head

pension_investmentLouise Warden has become head of real estate within the private markets group at Local Pensions Partnership Investments (LPPI), a UK manager for the pooled assets of three pension funds.

Warden has been promoted internally and will manage LPPI’s real estate portfolio with “ambitious asset management and capital deployment objectives”.

Reporting to Simon Davy, head of private markets, Warden has managed property portfolios for West Yorkshire Pension Fund and worked for the Abu Dhabi sovereign wealth fund.

At LPPI she was most recently a real estate portfolio manager, joining in August 2019.

The three pension funds whose assets LPPI manages are Lancashire County Pension Fund, the London Pensions Fund Authority and Royal County of Berkshire Pension Fund.

Warden said: “Real estate is a major focus for LPPI, particularly as it offers opportunities to stimulate and support economic growth, highlighted by our £150 million (€169.6 million) commitment to the Door fund and our involvement in the London Fund.”

Door is a residential investment vehicle behind which sits a consortium of investors who have so far committed to investing £1.2 billion for the build-to-rent platform, Get Living.

The London Fund was set up to invest in areas including affordable housing and digital infrastructure.

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