USS to acquire a 50% stake in Bruc Energy for £200m.

Universities Superannuation Scheme, the largest private pension fund in the United Kingdom by assets, agreed to acquire a 50% stake in Bruc Energy, a Spain and Portugal renewables-focussed investment vehicle created by Canadian pension fund OPTrust and the Spanish businessman, Juan Béjar, for £200m ($282m). "We have worked alongside OPTrust and Juan Béjar for many years and are delighted to be making this investment. The long-term nature of solar and the steady returns make renewables attractive to a pension scheme needing to pay pensions for years to come," Gavin Merchant, USS Co-Head of Direct Equity.