The Gresham House British Strategic Investment Fund Strategy invests in a diversified portfolio of housing and infrastructure assets intended to generate strong financial returns, whilst also having a positive social and/or environmental impact in the UK. The Strategy is focused on the less competed sub-£50m and highly fragmented section of the market.
The Strategy comprises two sub funds: namely the Gresham House BSI Housing LP (“Sub Fund H”), and Gresham House BSI Infrastructure LP (“Sub-Fund I”), which gives prospect clients greater flexibility with regards to their allocation exposures.
As at the end of December 2019, we currently hold 5 infrastructure holdings all of which have a strong positive social and or environmental impact. Therefore, we thought it prudent to report on the asset class despite being below the 10% threshold.
We would expect to include Property in our future UN PRI Reporting submissions. However, as at the end of December 2019, the Housing portfolio comprised only two assets: A PRS platform and a portfolio of shared equity loans. Therefore, whilst the Sub Fund continues to deploy capital within the investment period, we do not think it is worthwhile including responses in a dedicated UN PRI module. This is not to say however, that ESG considerations have not been fully integrated throughout the entire investment cycle. Our approach to responsible investment within Housing & Infrastructure is outlined in our specific sustainable investing asset class policy.