Norwich Union Public Private Partnership Fund
Mill Group’s first infrastructure fund, Norwich Union Public Private Partnership (NUPPP), was launched in 1998 and is now fully invested in 12 different projects with a value of over £200 million.
All the projects within this fund were procured and developed by Mill Group.
NUPPP projects include Jubilee Square, Brighton, winner of numerous regeneration, PFI and national awards, which includes 80 flats, commercial and retail redevelopment schemes together with a PFI library. Projects also include schools, offices, and community health schemes.
The Fund and assets are managed by Mill Asset Management for Aviva Investment.
Investors in the Community Fund I (IICFI)
Also known as the Merchant Place Schools Fund, this £3 million investment fund (IICFI) was created to enable small private investors access to the PFI/PPP sector through participation in education projects.
This Fund is currently in the process of delivering its exit, having met its investment objectives in full.
Investors in the Community Fund II (IICFII)
This £60 million investment fund (IICFII) was launched in 2004 and was the first PPP investment fund backed equally by public and private sector investment institutions. The Fund was the first public/private investment fund in PFI, earning the ‘Most Innovative Funder’ award in 2006.
The Investors in the fund include the London Pensions Fund Authority (LPFA) and Clerical Medical. To date the Fund has invested in 11 projects, with an underlying value of over £700m, including the £90m Miles Platting housing scheme in Manchester. Other projects include residential, street lighting, health, and education.
The Fund and project companies are managed by Mill Asset Management.
