Cambridgeshire County Council Pension Fund approves cornerstone commitment

The UK public pension has backed a private equity fund specifically focused on the East of England.

Institution: Cambridgeshire County Council Pension Fund
Headquarters: Cambridge, United Kingdom
AUM: £2.91bn
Allocation to alternatives: 16.60%
Bitesize: £5-10m

Cambridgeshire County Council Pension Fund has committed to Foresight Group’s East of England Fund as a cornerstone investor, according to a press release on the manager’s website. The fund will make individual investments of up to £5 million in SMEs in the East of England.

The £2.91 billion public pension has a 9.40 percent allocation to private equity.

As illustrated below, Cambridgeshire County Council Pension Fund has made five private equity commitments since 2012, which combined constitute $75 million.

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