ACCESS Pool, which manages £45bn (€53.3bn) of UK local government pension schemes (LGPS) assets, is seeking a UK real estate investment manager to lead a new impact mandate focused on decarbonisation.

The initial commitment is expected to be around £100m, with subsequent allocations expected and “further growth thereafter”.  

The LGPS pool said, as part of the mandate, the appointed investment manager will implement a decarbonisation-focused impact strategy in UK direct real estate, with the aim of accelerating the decarbonisation of existing real estate assets in the UK.

Interested parties have until 31 July 2024, at 1400 GMT to submit proposals.    

In January 2022, ACCESS appointed Apex Investment Advisory, formerly MJ Hudson, as the implementation adviser for the pooling of illiquid assets including private equity, private debt, infrastructure, and real estate.

It said that as implementation advisor, Apex Investment Advisory will provide support to the Pool in selecting individual investment opportunities and investment managers to build portfolios in a range of illiquid assets.

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