Final Close of Hearthstone fund beats target

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Hearthstone Investment Management has exceeded its target at the final close of its 10 year private equity fund, Hearthstone Residential Fund 1, with just over £200m of commitments.

The Merseyside Pension Fund and the Tyne and Wear Pension Fund have joined in the final investment round bringing the total number of investors to seven UK local authority pension funds.

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