On the go: The Border to Coast Pensions Partnership, which handles the assets of 11 Local Government Pension Schemes worth a collective £55bn, has announced it is set to launch a £1.3bn Listed Alternatives Fund.
The fund is expected to launch in early 2022 and will hold listed securities that provide exposure to infrastructure, specialist real estate, private equity and alternative credit.
It will complement the pool’s “existing £5.7bn private markets investment programme and providing funding for projects in the UK and beyond”, according to a statement from BCPP.
The portfolio will be built around long-term structural themes such as the green energy transition, data revolution, and urbanisation and direct investment towards renewable energy generation, energy storage, data centres, fibre-optic cables, logistic hubs and healthcare facilities.
Ryan Boothroyd, portfolio manager at BCPP, noted that the new fund will give the pool’s partner pension schemes “access to a diverse and cost-effective portfolio of alternative assets”.
He said: “We will take advantage of our long-term investment horizon by selecting high-quality investment opportunities that tap into themes we expect to shape the future.”
BCPP is aiming for the fund to provide a net total return in excess of the MSCI All Country World Index over a rolling five-year period, with lower aggregate costs than traditional private alternative investments.
This article originally appeared on MandateWire.com
