Institution: Border to Coast Pensions Partnership
Headquarters: Leeds, United Kingdom
AUM: £45 billion
UK pension pool Border to Coast has confirmed £1.4 billion-worth ($1.8 billion; €1.5 billion) of commitments to eight infrastructure vehicles, according to a recent news press release on the pension’s website. The £1.4 billion investment is to be staggered, with all commitments completed by 31 March, 2021.
The commitments comprise £95 million to Brookfield Infrastructure Fund IV; £45 million to Global Infrastructure Partners Fund IV; £76 million to AMP Global Infrastructure Fund II; £100 million to Infracapital Greenfield Partners Fund II; £80 million to Arcus European Infrastructure Fund II; £76 million to iCON Infrastructure Partners V; £90 million to Macquarie GIG Renewable Fund II; and £76 to Stonepeak Global Renewables Fund.
These commitments aim to provide a diversified global infrastructure portfolio for the pension over the long-term across core, core-plus, value-add and opportunistic strategies.
As illustrated below, the pension fund’s recent infrastructure commitments have been to funds targeting a broad range of sectors, including transport, energy, utilities, renewables, and telecommunications.
Platinum subscribers may click here for the investor’s full profile, including key contacts, allocation strategy and fund investments.