GLIL Infrastructure has raised an additional £1.2 billion ($1.5 billion) for investment in core infrastructure assets in the United Kingdom, representing the fund’s largest capital raise since it launched in 2015.
The additional capital commitment comes from across all of GLIL’s Local Government Pension Scheme (LGPS) fund members, including Greater Manchester, Merseyside and West Yorkshire Pension Funds — known collectively as Northern LGPS — Lancashire County Pension Fund, Royal County of Berkshire Pension Fund and the London Pensions Fund Authority — which form Local Pensions Partnership Investments — and DC workplace pension provider Nest.
This brings the open-end fund’s total committed capital to £3.625 billion ($4.7 billion), £2.1 billion ($2.7 billion) of which has already been deployed into a diverse infrastructure portfolio that consists of renewable-energy production, energy transition infrastructure, schools, hospitals, tra