Border to Coast Pensions Partnership has launched the next stage (Series 2B) of its private markets program, with £2.3 billion ($3 billion) of commitments from its Local Government Pension Scheme (LGPS) Partner Funds.
The private markets program is designed to broaden the Partner Funds’ access to a wide range of investment opportunities. This next tranche will seek investments globally across a range of investment themes, including software and healthcare, the energy transition, and the digital and data revolution.
U.K. pension funds participating in Series 2B of the private markets program include Bedfordshire, Cumbria, Durham, East Riding, North Yorkshire, South Yorkshire, Surrey, Teesside, Tyne and Wear, and Warwickshire. The new commitments are the second phase of the three-year Series 2 program, which launched in April 2022. Partner Fund commitments will be invested throughout the next year in infrastructure, private equity and private credit.