Gresham Strategic Investment Fund raises GBP 300 million
Gresham House has raised GBP 300 million (US$ 378 million) for its UK housing and infrastructure fund, British Strategic Investment Fund (BSIF). The company has received commitments from Worcestershire Pension Fund, the Greater Gwent Pension Fund and the West Midlands Pension Fund.
BSIF is a closed-ended fund with a 12-year time horizon. It invests with a long-term view targeting an 8% to 10% annual net return including an income yield of 5% to 6% per annum.
The fund's portfolio focuses on sustainable UK housing and infrastructure, with a focus on the smaller mid-market, via investments in local and regional projects. The fund has already invested its capital in sectors of renewable energy, battery storage, waste disposal, vertical farming, and key worker accommodation.
Country updates
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