UK Public Pension Pool Allocates $60m to Private Equity Impact Fund

Wednesday, May 8, 2019

By Susanna Rust

Brunel Pension Partnership has made a cornerstone $60m (€54m) commitment to a private equity impact fund on behalf of four of its UK local government pension scheme (LGPS) clients.

The £30bn (€35bn) LGPS pool said it had obtained attractive terms from the manager – Neuberger Berman – for its clients’ commitments and had also negotiated terms on behalf of the entire £263bn local authority pension system, “should any other individual funds or pools wish to commit before final close”.

Richard Fanshawe, head of private markets at Brunel, said the Neuberger Berman Private Equity Impact Fund was “ground breaking in seeking attractive financial returns in lockstep with positive social and environmental impact, having identified investable themes that can map to 15 of the 17 UN Sustainable Development Goals (SDGs)”.

Photo courtesy of reynermedia.

Source: IPE (link opens in a new window)

global development, impact investing, SDGs