Border to Coast Pensions Partnership has committed £593 million ($796 million) to four infrastructure funds managed by KKR, Stonepeak, Digital Colony and Meridiam.
All were first-time commitments with these managers, a spokesperson for the pension fund confirmed in an email.
The lion’s share of commitments — $275 million — went to the open-ended KKR Diversified Core Infrastructure Fund, a vehicle focused on investing in critical-core infrastructure predominantly in North America and Western Europe.
Border to Coast also invested $210 million each in Stonepeak Asia Infrastructure Fund, a fund focused on investing in infrastructure assets across Asia within the communications, transport and logistics, and energy-transition sectors; and Digital Colony Partners II, a fund targeting investments in cell towers, data centers and fiber-broadband networks globally.
The pension fund also put €100 million ($112 million) in Meridiam Sustainable Infrastructure