GLIL Infrastructure and Local Pensions Partnership Investments have doubled their equity stakes in Semperian PPP Investment Partners Holdings, the U.K. social infrastructure fund.
The transaction sees investors GLIL and LPPI double their holdings to acquire a combined shareholding of 47.1 percent in Semperian, which has investments in 94 assets across the PPP and PFI markets, including schools, hospitals and transport.
GLIL, the £2.5 billion ($3.4 billion) infrastructure fund, and LPPI, the £22.1 billion ($29.6 billion) LGPS investment pool, will continue to support Semperian as the fund explores new opportunities to expand its portfolio.
“The team at Semperian is one of the most experienced in the industry and has built an investment vehicle with a portfolio of high quality, mature assets that is ideally suited to the long-term investment needs of our members,” said Colin Simpson, head of asset management at LPPI. “Together with GLIL Infrastructure, we