Strathclyde Pension Fund, Glasgow, Scotland, committed £80 million ($113 million) to three alternative investment funds, according to its website.
The £26.8 billion pension fund committed £30 million to SEP VI, managed by Scottish Equity Partners. The fund targets growth equity and venture capital investments in sectors such as information technology, energy and health care in the U.K. and Ireland.
The pension fund also committed £30 million to Funding Affordable Homes, an affordable housing fund managed by Edmond de Rothschild Real Estate Investment Management.
The pension fund also committed £20 million to Clean Growth Fund, a venture capital fund managed by Clean Growth Investment Management. The fund is focused on technology aimed at reducing greenhouse gas emissions and pollution.