Border to Coast Pension Partnership has committed £2.2bn to funds across private equity, infrastructure, private credit and climate opportunities, as part of its second private markets programme.
The Local Government Pension Scheme pool said that investment themes in the portfolio involve energy transition and decarbonisation, the digital revolution and growth opportunities in emerging markets.
Investments include the first to be made through Border to Coast’s £1.35bn Climate Opportunities portfolio. This targets funds with the potential to have a material positive impact on climate change and support net-zero carbon emission goals.
“We are proud that our proactive work to fund solutions to the climate crisis has also resulted in significant commitments made as part of our Climate Opportunities portfolio,” said Mark Lyon, Border to Coast’s deputy chief investment officer.
“As a responsible investor, we know we have a key role to play in reaching net zero by 2050 or sooner. The private markets programme enables partner funds to access diverse, long-term opportunities while supporting the transition to a lower-carbon future.”
Border to Coast’s second private markets programme, launched in April 2022, will eventually total £4bn. It supplements investments undertaken as part of the first private markets programme – which closed in March 2022 – and will bring the pool’s total private markets investments to £10bn.
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