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Devon Pension Fund increases exposure to alternatives

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Devon Pension Fund, which manages £6.2bn in assets, has expanded its investment in private markets, with a particular focus on infrastructure and UK property.

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Between January and March 2025, the fund invested an additional £18m in infrastructure, bringing its total allocation in the sector to £554m. It also

Volatile stock markets ahead of US president Trump’s ‘Liberation Day’ speech could weigh on asset price estimates for the LGPS triennial valuation.

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