Border to Coast invests £370m in Private Equity

11 February 2021

Border to Coast Pensions Partnership (“Border to Coast”), one of the largest public sector pension pools in the UK with total assets of c.£46bn, has committed over £370m in five new Private Equity funds as it continues to provide new investment opportunities for its 11 local government pensions scheme partners.

Since its launch, Border to Coast has received £3bn of Private Market commitments from its Partner Funds. The five new investments form part of its second Private Equity offering (series 1B), which received £485m of commitments from eight Partner Funds in April 2020 – 75% of which is now committed.

Mark Lyon, Head of Internal Management at Border to Coast said: “Private equity is an important asset class for our Partner Funds, providing a differentiated risk and return profile relative to public equity markets.

“With our experienced in-house team, we have been able to generate meaningful fee savings for our Partner Funds while accessing high-quality investment opportunities with capacity constrained managers. I’d like to thank the managers involved for their constructive approach throughout the investment process in what has been a challenging time.”

Source: Border to Coast Pensions Partnership