Border to Coast builds up support for private markets

Border to Coast Pensions Partnership, one of the largest public sector pension pools in the UK, has appointed Albourne Partners to support its private markets investment programme.

The pool recently launched its alternatives private markets strategies, covering infrastructure, private equity and private credit, which secured around £1.8 billion of alternative asset commitments from its partner funds in its first year and expects to secure in excess of £1 billion for upcoming renewals. The private markets programme is expected to grow to over £5 billion over the next three to five years. Albourne Partners will provide a series of services, including investment and operational due diligence, strategy and market research, and portfolio construction support.

The contract also allows for ancillary services such as portfolio analytics, compliance monitoring, and co-investment due diligence support, across a four-year period.

Daniel Booth, chief investment officer at Border to Coast said: “Albourne Partners’ depth and breadth across alternative assets combined with both strong investment and operational capabilities, elevated them above the other respondents.”

“Their commitment to transparency and investor alignment, strongly reflects our own approach, which makes them an ideal partner to work alongside us to prudently invest assets on behalf of our partner funds,” Booth said.