Investors

USS lends to Infracapital/Morgan Stanley water firm

In its second such deal, the UK pension fund is providing £95m of 20-year class B inflation-linked financing to Affinity Water, owned by Infracapital and Morgan Stanley.

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The UK’s second-largest pension fund, Universities Superannuation Scheme (USS), has provided £95 million (€110 million; $150 million) of 20-year class B inflation-linked financing to UK water firm Affinity Water, the pension announced today.

The borrower, Affinity Water, is owned by Infracapital Partners and Morgan Stanley, which acquired the company last summer for £1.24