Institution: Border to Coast Pensions Partnership
Headquarters: Leeds, UK
AUM: £38.3 billion ($43.2 billion; €44 billion)
Allocation to alternatives: 21.9%
The commitment to Clean H2 Infra Fund marks the implementation of the pension’s Climate Opportunities portfolio, followings its launch earlier this year, according to a press release from the retirement fund. The pension aims to contribute to the global net-zero targets and the decarbonation of its portfolio moving forward.
Clean H2 Infra Fund recently closed on €2 billion and will seek to invest in existing hydrogen energy infrastructure globally. HY24 was created through a joint venture between Ardian and FiveT Hydrogen, which launched the fund in October 2021.
As illustrated below, the £38.3 billion UK public pension’s recent infrastructure commitments have focused on renewables and energy-focused funds globally, seeing value-add returns.
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