The Wales Pension Partnership (WPP) recently published its Annual Report 2024/2025, outlining its activities and future plans.
New Asset Class Considerations
The WPP plans to launch a Real Estate Investment Programme in 2025/26. This program is expected to increase the percentage of assets pooled and will conclude the current Private Markets offerings. The Real Estate program will include a specific allocation for local and impact investments. (Source: Wales Pension Partnership Annual Report 2024/2025, page 4, 28)
Manager Appointments
The WPP has re-appointed Waystone as its operator, Hymans Robertson as its Oversight Advisor, and Robeco UK as its Voting and Engagement provider. (Source: Wales Pension Partnership Annual Report 2024/2025, page 4)
Allocation Changes
For the fiscal year 2025/26, the WPP plans to transition further funds into its Private Market Investment Programmes. As of March 31, 2025, the draw down value of these programs was £1.096 billion. (Source: Wales Pension Partnership Annual Report 2024/2025, page 26)
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