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Merseyside Pension Fund is investing in UK industrial and urban logistics assets via Barwood Capital and Caisson Investment Management’s newly created fund. Urban Industrial Income Limited Partnership (UII), the fund created by the Barwood and Caisson joint venture BCCIM, has secured an undisclosed amount from the UK local government pension fund at its first close. The manager said it is in talks with a number of investors for further closes in 2021 to increase the size of the vehicle. UII, a seven-year vehicle will invest in multi-let industrial and urban logistics assets across regional locations in the UK, enabling it to purchase £30-40m (€35-€47m) of assets.

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