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Strathclyde approves £25m commitment

The Glasgow-based public pension fund has backed a buyout fund.

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Institution: Strathclyde Pension Fund
Headquarters: Glasgow, United Kingdom
AUM: £23.7bn
Bitesize: £10-50m

Strathclyde Pension Fund has confirmed a £25 million commitment to Palatine Private Equity Fund IV, according to the pension’s March 2020 investment committee meeting minutes.

Palatine Private Equity’s fourth buyout fund has raised £165 million across several interim closings against its £250 million target. The vehicle will focus on investing growth capital in UK-based enterprises.

As illustrated below, Strathclyde Pension Fund has made six commitments to private equity funds with a 2018 or 2019 vintage year , which combined constitute £150.94 million.

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