Octopus housing fund raises £150m.

Octopus Investments has raised £150m for its Affordable Housing Fund from several Local Government Pension Scheme (LGPS) investors. The new commitments come from LGPSs of Avon, Gloucestershire, Devon, and Clwyd, with the funds raised being used to develop affordable homes in specific geographic areas. This follows the fund's first closing in December, where it raised £50m from London CIV and an additional £10m from Better Society Capital. The capital raised last year has already been allocated to affordable housing projects, including the acquisition of 180 affordable homes from Golding Homes. [Extracted from the article]