London Borough of Ealing’s pension fund is set to allocate 5% of its assets to infrastructure. The borough is this week set to approve the plans, which would accompany an already-agreed 5% allocation to private debt.
Initially, 3% of the fund’s total assets will be invested in an open-ended global infrastructure fund, followed by another 2% around a year afterwards.
The council is also preparing to agree to take part in a collaborative search for infrastructure fund managers led by London Borough of Wandsworth.
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