By Venilia Amorim2021-02-10T14:45:00+00:00
Border to Coast Pensions Partnership, one of the UK’s largest public sector pension pools with total assets worth £46bn (€52bn), has committed over £370m in five new private equity funds.
Since its launch, the Partnership received £3bn of private market commitments from its partner funds, of which £1bn was earmarked for private equity last year – £500m for its first offering (Series 1A) and a further £485m for its second offering (Series 1B), 75% of which is now committed, it announced. The new investments form part of Border to Coast’s second private equity offering (series 1B).
Investors offer advice to ministers for U.K.’s low-carbon ambitions
Bloomberg
Eight asset owners have written to Prime Minister Boris Johnson and other ministers to offer their help in determining how the financial sector can contribute to the U.K. s efforts to shift to a net-zero economy.
Signatories represent more than £230 billion ($314.7 billion) in assets and were brought together by the U.N.-supported Principles for Responsible Investment. Climate change is recognised as the most significant global risk facing investors, the letter said. For our beneficiaries, it threatens their livelihoods, their retirement savings, their health, their quality of life. Even a short delay in implementing the necessary policies increases the likelihood of a disorderly transition, threatening beneficiaries savings and the resilience of the financial system.