The UK-based Local Pensions Partnership has made its third and fourth infrastructure hires of 2019 in a bid to boost its asset management and origination expertise.
The group has recruited Colin Simpson as head of asset management in a newly created role for infrastructure. He will be responsible for ensuring all investments by LPP and the GLIL Infrastructure vehicle “meet targeted returns”, according to a statement. He will also be involved in the origination and execution of investment opportunities. Simpson is joining LPP after nearly three years at Amber Infrastructure, where he served as investment director and was responsible for a global portfolio of social infrastructure and renewable energy assets.
He is joined by Katya Romashkan, who arrives as an infrastructure portfolio manager following a decade at Balfour Beatty Investments. She will lead the LPP deal teams on infrastructure opportunities.
Earlier this year, the pension scheme hired Hanan Adarkar as deputy portfolio manager for infrastructure and Nicholas de Rivas as an infrastructure analyst.
The LPP did not respond to a request for comment.
The group, which manages the GLIL Infrastructure platform alongside the Northern Pool pension group, comprises the London Pension Fund Authority, the Lancashire County Pension Fund and the Royal County of Berkshire Pension Fund.
GLIL was established in 2015 and was initially capitalised with £500 million ($634.2 million; €561.3 million). It has since grown its funds under management to more than £1.8 billion. It owns stakes in assets that include the 523MW Clyde Wind Farm, Anglian Water and rolling stock.