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6 / February / 2018

LGPS pooling: Could early transition of indirect real estate avoid future liquidity and performance issues?

The UK Government’s 2018 deadline for the onset of investment pooling is fast approaching for Local Government Pensions Schemes (LGPS). According to the “Findings of Project Pool”, almost 50% of the real estate exposure of LGPS funds is in indirect investments and the greatest savings from real estate pooling will arise from the migration of assets from indirect to direct ownership.

In this snapshot, we detail our successful track record of transitioning indirect to direct real estate exposure whilst delivering outperformance for our clients and outline our wider indirect investment strategy.