Pension schemes commit £50m to Kames property fund

The pension funds of Leicestershire County Council and Liverpool University have committed a combined £50 million (€56.6 million) to Kames Capital’s second value property fund.

Kames’ active value strategy targets commercial property assets with typical lot sizes between £5 million and £15 million. These are often too large for private buyers, but too small for most institutional investors.

The Kames UK Active Value Property Unit Trust II is a successor vehicle to the Kames UK Active Value Property Unit Trust, which raised £275 million from institutional investors and closed to new commitments in 2014.

Philip Bach, Kames Capital’s head of active value property, said: “We expect stock selection to be a stronger driver of performance than structural factors, so sector weightings are less relevant to performance prospects than owning the right assets in the right locations.” 

Kames Capital has £44.2 billion in assets under management.

©2018 funds europe

HAVE YOU READ?

THOUGHT LEADERSHIP

Innovative US companies are providing some of the solutions to the climate crisis and transition to a more sustainable economy. We see potential opportunities in areas including renewable energy and…
FIND OUT MORE
This white paper outlines key challenges impeding the growth of private markets and explores how technological innovation can provide solutions to unlock access to private market funds for a growing…
DOWNLOAD NOW

IRELAND SPOTLIGHT

Visit our dedicated Ireland channel for all the latest news and analysis on the country's investment industry.
READ MORE

PRIVATE MARKETS FUND ADMIN REPORT

Private_Markets_Fund_Admin_Report

LATEST PODCAST