Strathclyde Pension Fund, Glasgow, committed £30 million ($42 million) to private equity fund Foresight Regional Investment Fund, managed by Foresight Group, according to its website.
The fund targets unlisted small- and medium-size enterprise investments in Scotland and seeks to deliver sustainable economic and social benefits.
It is focused on businesses that get a disproportionately low level of growth capital investment in sectors such as technology, construction, business services, manufacturing and engineering.
Strathclyde had £27.5 billion in assets as of June 30.
