GLIL raises $595m of additional capital commitments
Fundraising - MAY 14, 2024

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GLIL raises $595m of additional capital commitments

by Released

GLIL Infrastructure (GLIL), the infrastructure investment vehicle backed by Local Government Pension Scheme (LGPS) and DC funds, has raised an additional £475 million ($594.9 million) from its members for further investment in core U.K. infrastructure assets.

The new capital commitments came from across all of GLIL’s 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 defined contribution workplace pension provider Nest.

This takes the open-end investment fund’s total committed capital to £4.1 billion ($5.1 billion), of which more than £3 billion ($3.8 billion) has already been deployed into a diverse infrastructure portfolio that includes renewable-energy production and energy-transition infrastructure, as well as trans

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