So far, DC plans have largely been focused on the onset of auto-enrolment and changes to the regulatory framework - be it the ‘charge cap, ‘pension freedoms or consultations around ‘value for money , says Annabel Tonry, Executive Director at J.P. Morgan Asset Management (JPMAM).Download
In 2015 George Osborne, then the UK Chancellor of the Exchequer, decided that those age over 55 could take much more of their pension in cash. This has since opened up a range of possibilities for DC scheme members in the world of pensions.Download
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Border to Coast Pensions Partnership, Leeds, England, committed £575 million ($794 million) to six private credit funds as part of its £3 billion private markets program, a spokesman confirmed.
The pool, whose U.K. local authority partner funds have £46 billion in assets, committed: $160…
Border to Coast commits more than $700 million to private credit funds
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Border to Coast Pensions Partnership, Leeds, England, committed about $735 million to six private credit funds as part of its £3 billion ($4.1 billion) private markets program, a spokesman confirmed.
The pool, whose U.K. local authority partner funds have £46 billion in assets, committed:
$160 million to Churchill Middle Market Senior Loan Fund IV, run by
Churchill Asset Management. The fund is a North American direct-lending strategy focused on middle-market companies.
$125 million to GSO Capital Opportunities Fund IV, run by
Blackstone and focused on global mezzanine investments in North America and Europe.
By IPE Staff2021-04-19T16:03:00+01:00
Border to Coast Pensions Partnership, one of the UK’s public sector pension pools, is working with investment consultant Albourne on a new environmental, social and governance (ESG) framework for private markets.
In a statement today, the pool said it was concerned about the lack of robust and consistent ESG standards in private markets and that it was therefore supporting Albourne as it developed a framework based on due diligence questions (DDQ) recommended by the Principles for Responsible Investment (PRI).
Leeds-based Border to Coast has a private markets investment programme that it expected to grow to over £5bn (€5.8bn) in the next 12 months. Last year it appointed Albourne to provide a series of services to private market activities, such as investment and operational due diligence.
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