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 . . .
Unlock this article instantly, along with the rest of our premium content and benefits including daily/weekly/monthly newsletters.
A pay-as-you-go plan to get you started
→ Instantly unlock all new and archived articles
→ Daily, weekly and monthly e-mail newsletters
→ Access to the weekly AW Deal Watch by AW Research
Required for access to AW Research
Get more for less - 20% discount over monthly
→ Everything in Monthly PLUS:
→ Access to articles and data from AW Research
→ AW Annual Investor Compendium – our comprehensive guide to investor activity, with a ranking of the most active investors for the year and profiles of the top global allocators