Teesside Pension Fund’s recent documents, including the Teesside Pension Board meeting minutes from July 7, 2025, and the Teesside Pension Fund Committee meeting minutes from June 18, 2025, and July 23, 2025, reveal key investment decisions and strategic considerations.
Allocation Changes
Teesside Pension Fund is transferring its direct property portfolio to the Border to Coast (Real Estate) UK Main Fund. This decision was agreed upon at the December 2024 Committee meeting, with the transfer progress noted in the July 7, 2025, Teesside Pension Board minutes (page 7) and the July 23, 2025, Teesside Pension Fund Committee minutes (page 16). Upon completion, the Fund will hold units in Border to Coast’s UK Real Estate Main Fund. As of March 31, 2025, the Fund’s direct property portfolio was valued at £524.7 million (Teesside Pension Fund Annual Report and Accounts for the year ended March 31, 2025, page 136).
New Commitments
Teesside Pension Fund has made a commitment to invest £80 million over a three-year period in the Border to Coast Climate Opportunities Fund. This fund is designed to invest in private markets with a low-carbon focus (Teesside Pension Fund Committee minutes, June 18, 2025, page 12).
New Appointments
Teesside Pension Fund has appointed Tyne and Wear Pension Fund as its new pensions administrator, effective June 1, 2025. This follows XPS Administration’s contract ending on May 30, 2025 (Teesside Pension Fund Annual Report and Accounts for the year ended March 31, 2025, page 83, 167).
Strategic Explorations
Teesside Pension Fund is actively engaged in discussions regarding additional funds joining Border to Coast. This is part of Border to Coast’s 2030 Strategy, specifically Strand 3, which focuses on enabling Partner Funds to leverage additional scale opportunities. The 21 funds from ACCESS and Brunel pools, whose responses did not meet the government’s proposed pooling model requirements, have until September 2025 to agree in principle which pool they will join (Teesside Pension Board minutes, July 7, 2025, page 5; Teesside Pension Fund Committee minutes, June 18, 2025, page 11).
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