Updated with correction
Border to Coast Pensions Partnership, Leeds, England committed $390 million to four private market funds, a spokesman said.
As part of its £3 billion ($4.3 billion) private markets program, the pool of U.K. local authority pension funds committed:
- €115 million ($140 million) in Antin Mid Cap Fund I, managed by Antin Infrastructure Partners, which is focused on middle-market opportunistic infrastructure investments in Europe, with some investments in North America.
- $125 million in infrastructure fund EQT Infrastructure Fund V, managed by EQT Partners, which is focused on European and North American value- added investments.
- $75 million in private equity fund C-Bridge Healthcare Fund V, run by CBC Group, which is focused on pharmaceutical, medical technology and hospital-services companies in China.
- $50 million in venture capital fund GreatPoint Ventures Innovation Fund III, which is focused on early-stage venture investments in software, food and nutrition, health and life-sciences companies.
Border to Coast, whose member funds have £55 billion in assets, also said Wednesday it had raised an additional £2.7 billion from its members to be invested in private markets. The spokesman said the timeline for the new capital to be committed is not yet known.
"The increase in commitments by our partner funds reflects the importance of private markets to deliver their investment strategies and underscores the confidence they have in Border to Coast to deliver the right investment opportunities for them," Mark Lyon, head of internal management at Border to Coast, said in a news release.
