AlphaReal update | July 2025

Social Infrastructure

• Our UK-focused Social Impact Fund has received the FCA’s Sustainability Impact label
• James Murray, Head of Social Infrastructure, looked at key characteristics of our Social Impact Fund. Watch the video on the benefits of a diversified strategy across social impact sectors in the UK.

Renewable Infrastructure: 

• We completed c. £160m transactions in onshore wind and ground-mount solar, and we have commenced construction on our first Battery Energy Storage System project.
• We joined Pensions for Purpose as a community partner with the aim of extending our level of impact by engaging with industry leaders in this space. Listen to the podcast episode discussing the role of private markets in the UK energy transition.

Commercial Ground Rents: 

• We worked with Triple A Risk Finance who undertook an analysis of our Commercial Ground Rents strategy and associated fund.
• We produced a paper on why the LGPS should consider investing in Commercial Ground Rents (CGR), and why now
• We’ve made significant progress in structuring notes that are backed by CGRs, and we’ve received an indicative investment grade rating from one of the two major rating agencies for our first bond issu