Border to Coast confirms $500m in commitments

The UK pension pool has approved commitments to 10 private equity vehicles.

Institution: Border to Coast Pensions Partnership
Headquarters: Leeds, UK
AUM: £46 billion

Border to Coast has confirmed $500 million-worth of fund commitments across 10 private equity vehicles, according to a recent press release on the pension pool’s website. These commitments mark the first of two commitment rounds the pension pool is pursuing, after which a total of $1 billion will have been invested in private equity opportunities.

The commitments comprised $40 million to GreatPoint Innovation Fund II, £40 million to Palatine Private Equity Fund IV and $60 million to both Baring Asia Private Equity Fund VII and Greenspring Opportunities Fund VI.

Further commitments of $100 million to NB Strategic Co-Investment Partners IV, $75 million to StepStone Secondaries Opportunities Fund IV, $70 million to Blackstone Life Sciences Fund V and $50 million to Digital Alpha Fund II were also approved.

In addition to this, the pension pool committed to two funds managed by Hg – $90 million to Hg Saturn Fund 2 and €35 million and Hg Genesis Fund 9, respectively.

As illustrated below, the pension pool’s private equity fund commitments mainly focus on venture capital and buyout vehicles.

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