Border to Coast Pensions Partnership, Leeds, England committed $390 million to four private market funds, a spokesman said.
As part of its £3 billion ($4.3 billion) private markets program, the pool of U.K. local authority pension funds committed: €115 million ($140 million) in Antin Mid…
Border to Coast raises £2.7bn for private market push
UK pension fund Border to Coast Pensions Partnership has secured £2.7 billion (€3.14 billion) in capital commitments from ten partner funds for its private markets investment programme.
The latest fund raising is a significant increase on previous commitments in the first two tranches and brings the total amount of capital in the programme to £5.7 billion.
The pension fund, which is one of the largest public sector pools in the UK with £55 billion in assets, plans to invest this capital over the next year in private equity, infrastructure and private credit.
“The increase in commitments by our partner funds reflects the importance of private markets to deliver their investment strategies,” said Mark Lyon, head of internal management at Border to Coast.
So far, DC plans have largely been focused on the onset of auto-enrolment and changes to the regulatory framework - be it the ‘charge cap, ‘pension freedoms or consultations around ‘value for money , says Annabel Tonry, Executive Director at J.P. Morgan Asset Management (JPMAM).Download
In 2015 George Osborne, then the UK Chancellor of the Exchequer, decided that those age over 55 could take much more of their pension in cash. This has since opened up a range of possibilities for DC scheme members in the world of pensions.Download
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So far, DC plans have largely been focused on the onset of auto-enrolment and changes to the regulatory framework - be it the ‘charge cap, ‘pension freedoms or consultations around ‘value for money , says Annabel Tonry, Executive Director at J.P. Morgan Asset Management (JPMAM).Download
In 2015 George Osborne, then the UK Chancellor of the Exchequer, decided that those age over 55 could take much more of their pension in cash. This has since opened up a range of possibilities for DC scheme members in the world of pensions.Download
Find whitepapers