London Treasury Liquidity Fund (LTLF), an investment fund managed by London Treasury, has made a £30m investment into private real estate debt through Pluto Finance.
Other investors include the Universities Superannuation Scheme, also a major shareholder in Pluto, pension funds and other institutional investors from across Europe.
The commitment supports small and medium sized enterprise (SME) housebuilders across the UK who are integral to the Government’s plan to deliver 1.5 million new homes in the next five years.
Richard Tomlinson, deputy chief investment officer at London Treasury, said: “We are delighted to have had the opportunity to invest £30m with Pluto Finance, we expect this investment to deliver a secure risk-adjusted return in excess of the portfolio’s benchmark at the same time as supporting the construction of new housing stock.
“As a fund, we are at an exciting stage. Our performance since inception in April 2023 has exceeded current benchmarks, and our operations have scaled sufficiently to welcome new investors who are eager to partner with us.”
Robert Swift, head of investor relations at Pluto Finance, said: “We are delighted to be working with the team at London Treasury and are aligned with their investment aim – competitive financial returns and the delivery of much needed affordable housing across the UK.
“In addition to new homes, lending in London and the South-East delivers local investment and SME job creation.”
