Five Welsh Local Government Pension Scheme (LGPS) funds have committed £170m to the Wales Pension Partnership (WPP) Private Equity Allocator mandate.
Flintshire, Swansea, Gwynedd, Powys and Cardiff pension funds have all invested in WPP’s mandate, which is managed by Schroders Capital.
The Private Equity Allocator mandate will focus on investments across primaries, secondaries and co-investments in global industries from healthcare to technology. It will also aim to invest up to 5% of the capital committed within Wales.
At the beginning of the year, WPP appointed Schroders Capital, the private markets investment division of global asset manager Schroders, to allocate the capital of the private equity mandate over the next five years.
At the first close, the Private Equity Allocator mandate had £170m of commitments from investors, with it having an overall target in excess of £500m.
In September, WPP, the £22.5bn pooling entity for eight Welsh LGPS funds, also announced a £68m commitment to wind projects in collaboration with Capital Dynamics.
—————
FREE weekly newsletters
Subscribe to Room151 Newsletters
Follow us on LinkedIn
Follow us here
Monthly Online Treasury Briefing
Sign up here with a .gov.uk email address
Room151 Webinars
Visit the Room151 channel
