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Swansea Pension Fund confirms £30m commitment

The UK public pension fund has backed BlackRock's third global renewables vehicle.

Institution: City and County of Swansea Pension Fund
Headquarters: Swansea, United Kingdom
AUM: £2.03bn
Allocation to alternatives: 9.89%
Bitesize: £10-50m

City and County of Swansea Pension Fund has approved a £30 million commitment to Blackrock’s Global Renewable Power Fund III, a contact at the pension informed Infrastructure Investor.

The £2.03 billion UK public pension’s infrastructure allocation lies within its 9.89 percent alternatives portfolio.

As illustrated below, Swansea Pension Fund’s other known commitment to an infrastructure fund was €40 million to 2018-vintage European Diversified Infrastructure Fund II Series Two managed by First Sentier Investors.

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