News in brief – 22 October 2021

Nest has purchased a solar farm through its partnership with Octopus Renewables in a multi-million-pound deal.

The purchase means that a third of the UK’s workforce now invests in the solar farm through Nest pension savings. As part of the scheme's commitment to investing billions of pounds in green infrastructure over the coming decades, Octopus Renewables is acting as Nest’s lead fund manager for renewable investments. Nest’s solar farm contains 60,000 panels capable of powering 5,250 homes and will form part of Nest’s £20bn investment portfolio.

Schroders Capital’s Multi Private Credit Fund (MPCF) has reached a second close of £85m amid growing demand from UK pension schemes.

The fund, which had its first close in summer 2021, enables small- and medium-sized schemes to access the spectrum of private credit asset classes, encompassing corporate direct lending, real estate debt, infrastructure debt and specialist credit. MPCF has begun to make investments with commitments to two direct lending funds, and a further three commitments anticipated before the end of the year to other direct lending managers and infrastructure debt.

BlackRock has launched five new funds in EMEA as part of its active sustainable platform.

The newly launched funds comprise a regional equity range made up of four different broad sustainable strategies and a fixed income fund in its impact investing range. The ‘Core Sustainable Suite’ comprises the BGF Emerging Markets Sustainable Equity Fund, the BGF European Sustainable Equity Fund, the BGF Developed Markets Sustainable Equity Fund, and the BGF US Sustainable Equity Fund, while its impact investing fund is the BGF Emerging Markets Impact Bond Fund.

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