Institution: Border to Coast Pensions Partnership
Headquarters: Leeds, United Kingdom
AUM: £21.72 billion
Allocation to alternatives: 13.8%
Border to Coast Pensions Partnership has announced that it will be launching a £4 billion private markets programme, according to a recent press release by the firm. This is the second series of the pension pool’s private markets programme which initially launched in May 2019.
The additional £4 billion will bring its total private markets program to almost £10 billion to date across multiple asset classes. For the rest of 2022, the pension pool will invest £1.03bn into the infrastructure market, £705 million into private equity and £985 million into private credit.
The remaining £1.35 billion of this series will be dedicated to climate opportunities, in line with the pension pools’ ESG goals outlined in September 2021. The capital will be spread across private equity, infrastructure and private debt and into opportunities that positively impact the climate and help towards zero carbon emission goals. It will include investments into, for example, clean energy and technology companies and projects.