A £1.3bn infrastructure platform created jointly by the Greater Manchester Pension Fund and the London Pensions Fund Authority is set to expand following strong growth. The GLIL Infrastructure, which was joined in 2015 by West Yorkshire, Merseyside and Lancashire LGPS funds, is to open up to a wider range of investment partners, it said. Ian Greenwood, chair of the Northern Pool, the £46bn investment fund formed from the combined assets of Greater Manchester, West Yorkshire and Merseyside LGPS schemes, said: “After three years of impressive growth, with a strong infrastructure platform built on the combined resources of our partners, we believe GLIL is now in a position to offer the benefits of this collaborative approach to a wider range of investment partners, including other LGPS pools and funds, while also enabling us to meet the government’s requirements around increased infrastructure investment.” So far, GLIL has implemented around £600m of investments, covering greenfield sites, regulated utilities and transport upgrades.
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