Hy24 receives €100m commitment from Border to Coast

Border to Coast bolsters climate opportunities portfolio with clean hydrogen fund investment.

Institution: Border to Coast Pensions Partnership
Headquarters: Leeds, UK
AUM:
£38.3 billion ($43.2 billion; €44 billion)
Allocation to alternatives: 21.9%

Border to Coast Pensions Partnership has approved a €100 million commitment to HY24‘s latest infrastructure fund.

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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