Border to Coast launches £1.4bn alternatives fund

The Border to Coast Pensions Partnership has launched its listed alternatives fund.

The fund – which was first announced last October – will provide to its members an expanded range of portfolio investments. These investments will be in sectors that provide long-term outlooks and include renewable energy, digital infrastructure, specialist healthcare, real estate, private equity, and alternative credit.

The aim for the £55bn Local Government Pension Scheme pool is to provide a net total return that exceeds the MSCI All Country World Index over a rolling five-year period.

Get the week’s top news delivered directly to your inbox – Sign up for our newsletter

With the successful launch of the fund, partner funds of Border to Coast will offer access to desirable risk-adjusted returns, combined with long-term protection against inflation. The initial investors of the partnership fund are: East Riding, Durham, North Yorkshire, South Yorkshire, and Surrey.

Border to Coast portfolio manager Ryan Boothroyd hailed the launch of the fund, saying: “It gives our partner funds cost-effective access to a broad range of sectors to support the building of diverse and resilient investment portfolios. As long term, responsible investors, we will use our expertise to provide high-quality investment opportunities that tap into themes we expect to shape the future, such as renewable energy generation and transmission, digital connectivity, and urbanisation.”

South Yorkshire Pensions Authority director George Graham said: “The listed alternatives fund is a key addition, providing us with access to public alternative assets, complementing our investments in private markets.”

Source: Professional Pensions

Can’t stop reading? Read more