<p>Merseyside Pension Fund is among investors in a real estate fund that will focus predominantly on distribution warehouses in the UK.</p>
<p>The UK pension fund has committed capital to Barwood Capital’s UK regional property fund, which raised £42m (€48.1m) in a first close.</p>
<p>High-net-worth individuals and family offices also invested in what is Barwood Capital’s fourth fund.</p>