Institution: Strathclyde Pension Fund
Headquarters: Glasgow, UK
AUM: £30 billion ($36 billion; €34 billion)
Strathclyde Pension Fund has committed £60 million ($72 billion; €68 billion) to Capital Dynamic‘s latest energy fund, according to the pension’s March investment committee meeting minutes.
The fund, Capital Dynamics Clean Energy UK Fund, will invest in renewable energy opportunities in the UK and will seek core-styled returns. The pension has previously backed Capital Dynamic’s funds, including £40 million to Capital Dynamics Clean Energy and Infrastructure VIII.
At the meeting, the pension also discussed its climate strategy, specifically how it will create a high-level climate action plan using the IIGCC Net Zero Investment Framework and will also be joining the Paris Aligned Investment Initiative (PAII).
As illustrated below, Strathclyde Pension Fund typically makes commitments to infrastructure vehicles focused on renewables opportunities in western Europe.
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