The auto-enrollment pension scheme Nest has appointed CBRE Caledon Capital Management Inc. and GLIL Infrastructure to help invest nearly £3 billion ($4.2 billion) into infrastructure equity by the end of the decade, in the United Kingdom and around the world.
CBRE Caledon will help Nest invest directly in global core and core-plus infrastructure projects. Nest will have access to an infrastructure fund sponsored by CBRE Caledon, with the opportunity to also co-invest in select investments to help Nest members take advantage of bigger projects.
GLIL Infrastructure represents a joint venture between a number of major U.K. authority pension plans. Nest will invest in the fund along with GLIL’s members, with its open-ended fund giving access to new opportunities in U.K. core infrastructure. GLIL’s investments to date include equity stakes in Anglian Water, Clyde Windfarm, Forth Ports, a rolling stock fleet of 65 intercity trains on the East Coast Mainline, and investm
