UK public pension pool Border to Coast Pensions Partnership has made 拢540m (鈧�627.4m) worth of new capital commitments to six new infrastructure funds.
The 拢46bn asset manager has made a $100m (鈧�82.3m) commitment to Latin America focused Patria Infrastructure Fund IV infrastructure fund, backed Squared Capital鈥檚 ISQ Global Infrastructure Fund III fund with $150m and invested 拢40m in Sleaford Renewable Energy Plant in the UK in a deal representing its first co-investment.
Border to Coast has invested 鈧�110m into Nordic infrastructure fund Infranode II, $125m into the BlackRock Global Renewable Power Fund III fund and made a 拢150m commitment to Stonepeak Global Infrastructure Fund IV, a fund planning a $13.2bn second close.
The asset manager for 11 UK local authority pension funds said the latest investments are part of its second infrastructure offering, which received from ten partner funds in April 2020 after fully investing an initial 拢675m last year.
Mark Lyon, the head of internal management at Border to Coast said: 鈥淚nfrastructure is a key asset class for our partner funds as they seek attractive investment opportunities and diversification of risk.
鈥淭hanks to our collective size and our in-house expertise, we have been able to access high-quality investment opportunities, including our first co-investment, whilst generating significant collective fee savings for our investors over the long term.鈥�
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