Border to Coast commits a further £1bn in private markets
Author: LAPF Investments | Published: January 2, 2026
Border to Coast has completed several fund commitments as part of its £18bn private markets programme on behalf of partner funds.
Launched in April last year, the third series of the programme (3A) received £2.5bn in commitments from its partner funds.
At present, the pool’s in-house private markets team has so far deployed more than £1bn of this capital to specialist funds investing in infrastructure, private equity and private credit – providing £515m, £500m and £58m respectively.
Building on its scale and strong partnerships across the private markets industry, the programme has also unlocked access to greater potential risk-adjusted returns through co-investment opportunities.
In this latest 3A series, the pool has partnered with KKR Diversified Core Infrastructure Fund in the purchase of a joint venture with American Electric Power. Additionally, it’s partnered with Meridiam on a North American road project.
Border to Coast chief investment officer Joe McDonnell said: “The private markets programme is a real-time demonstration of the value gained through scale, and maximising that scale through an expert in-house investment team.
“It expands access to an innovative range of investment and co-investment opportunities around the world while dramatically reducing costs for Partner Funds. We are incredibly proud of the progress it has made to date.”
