On the go: The Access pool, which handles £32.6bn in pension assets for 11 Local Government Pension Scheme funds worth a collective £55.6bn, has selected MJ Hudson as its implementation adviser for the pooling of illiquid assets.
The consultant will provide support to the pool as it selects individual investment opportunities, and investment managers, to build a range of illiquid asset portfolios including private equity, infrastructure, private debt and real estate.
MJ Hudson was selected in January following a search that launched in 2021. The pool’s first illiquid vehicles are expected to be launched in 2022-23.
Mark Kemp-Gee, chair of the Access joint committee, said: “MJ Hudson’s experience of successfully working with the LGPS and extensive private markets expertise make them the ideal partners for this process.
“This long-term partnership with MJ Hudson is part of an important next phase in our development, as we will be able to offer pooled illiquid investment opportunities to our 11 member local authorities,” he added.
Matthew Hudson, chief executive of MJ Hudson Group, added: “As leading institutional investors seek to allocate more capital to private markets, we look forward to helping UK pension plans capture the potentially long-term strong returns available through careful investment in alternative and longer-term investments, and in turn support more than 1m pension scheme members in their retirement.”
This article originally appeared on MandateWire.com
