Border to Coast Pensions Partnership made an initial £1.5 billion ($1.7 billion) in commitments to private market strategies in a program that will ultimately total £5.7 billion ($6.7 billion) and bring a reduction in fees, officials said.
The £55 billion U.K. government pension pool set up the three-year program in 2019 to focus on infrastructure, private equity and private credit strategies with an aim of offering new investment opportunities to partner funds while delivering a reduction in fees totaling c.24%.
“The success of our Private Markets program is . . .
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