Border to Coast Pension Partnership has invested a further £370m in private equity, as it continues to provide new investment opportunities for its 11 Local Government Pension Scheme (LGPS) partners.
The £46bn LGPS pool committed the multi-million pound investment to five new private equity funds which form part of its second private equity offering.
This offering, which the partnership named 1B, received £485m of commitments from eight partner funds last year, of which 75% is now committed with the remaining expected to be deployed by 31 March.
The private equity funds that will receive a proportion of the pool’s latest investment are KKR Asian Fund, Thoma Bravo Fund, Nordic Capital Fund, AlpInvest Co-Investment Fund, and Endless Fund.
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