On the go: The Border to Coast Pension Partnership, which handles the assets of 11 local government pension schemes worth a total of around £55bn, has secured around £2.7bn of commitments for its latest round of private markets investments.
The partnership received the commitments for its latest private markets offering, Series 1C, from 10 partner funds. This has brought the pool’s total commitment to private markets to £5.7bn.
The new commitments will be invested over the next year in private equity, infrastructure and private credit, to provide a diversified range of investments.
The pool plans to fully embed environmental, social and governance factors into the investment process.
Mark Lyon, head of internal management at Border to Coast, said: “The increase in commitments by our partner funds reflects the importance of private markets to deliver their investment strategies, and underscores the confidence they have in Border to Coast to deliver the right investment opportunities for them.”
He continued: “As long-term investors we recognise the real value in integrating ESG factors, giving us a richer understanding of risks and opportunities in potential investments. Through our open and transparent due diligence process we look forward to working with strategic partners who share our long term approach to investing.”
This article originally appeared on MandateWire.com.
