Border to Coast Pensions Partnership, Leeds, England, will be looking for fund managers to invest $5.2bn in a second round of private markets commitments that will bring the program to nearly £10bn, the public-sector pension pool said Thursday.
The first tranche of Series 2 commitments will be invested over the next year and will include £1.03bn in infrastructure, £705m in private equity, and £985m in private credit.
There is also a £1.35bn climate opportunities offering that will be deployed over the next three years. It will target private market investments offering a material positive impact on climate change and supporting long-term net zero carbon emission goals. The investments will focus on sectors including clean energy, technology, transport, industrial production, agriculture and carbon sequestration, Border to Coast said in a news release.
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