Border to Coast Pensions Partnership, Leeds, England, committed about £1.2 billion ($1.5 billion) to infrastructure, according to a news release Wednesday.
To date the £46 billion pool of local authority pension funds has deployed about £675 million to eight infrastructure funds. An additional £760 million will be deployed in different strategies by March 31.
- The commitments were:
- €101 million ($118 million) to the Macquarie GIG Renewable Fund II, run by Macquarie's Green Investment Group.
- $100 million to AMP Capital’s AMP Global Infrastructure Fund II, which invests in transport, energy, utilities, communications and health care.
- £100 million to Infracapital Greenfield Partners Fund II, a Europe-focused utilities, transport, communications and renewables fund run by Infracapital Greenfield Partners.
- $100 million to iCON Infrastructure Partners V, a European transport, power and utilities fund.
- $100 million to Stonepeak Infrastructure Partners' solar, wind, hydro and energy storage sectors fund, the Stonepeak Global Renewables Fund. The fund invests in North America and developed Asia.
- €90 million to Arcus Infrastructure Partners' transport, telecommunications and energy fund, Arcus European Infrastructure Fund II.
“Infrastructure was identified as a key asset class for our partner funds as they seek new investment opportunities and better diversification of risk. Thanks to our collective size we have been able to access high quality investment opportunities whilst generating significant collective fee savings for our investors over the long term,” Border to Coast CIO Daniel Booth said in the release.