Issue - meetings
London CIV update
Meeting: 24/03/2025 - Pension Board (Item 17)
17 London CIV update
To update the committee on recent developments regarding Brent Pension Fund investments held within the London CIV (CIV).
Additional documents:
- Restricted enclosure 3 , View reasons restricted (17/2)
- Restricted enclosure 4 , View reasons restricted (17/3)
- Restricted enclosure 5 , View reasons restricted (17/4)
- Webcast for London CIV update
Minutes:
The Board received and RESOLVED to note, without further comment, a report that provided an update on recent developments regarding Brent Pension Fund investments held within the London CIV.
Meeting: 19/02/2025 - Brent Pension Fund Sub-Committee (Item 15)
15 London CIV update
To update the committee on recent developments regarding Brent Pension Fund investments held within the London CIV (CIV).
Additional documents:
- Restricted enclosure 9 , View reasons restricted (15/2)
- Restricted enclosure 10 , View reasons restricted (15/3)
- Restricted enclosure 11 , View reasons restricted (15/4)
Minutes:
The Board received and RESOLVED to note a report that provided an update on recent developments regarding Brent Pension Fund investments held within the London CIV (LCIV).
Issues highlighted arising from the update included:
- the value of assets invested directly through the LCIV.
- The change in senior management arrangements within LCIV.
- The progress in development of a dedicated UK residential property fund by London CIV with the purpose of increasing the supply of good quality, affordable housing in the UK and a focus on three strategies within the residential housing sector: general needs affordable and social housing, traditional supported housing and, specialist housing.
- The update on the LCIV Fund Manager Monitoring Framework and progress in the development and launch of new Funds, with members keen to ensure a focus (in recognising the Funds fiduciary duty) in maintaining a broad and diversified approach toward the Funds Investment Strategy.