Border to Coast secures £1.4 billion for infra investment

Border to Coast Pensions Partnership has secured £1.4 billion of commitments to infrastructure investments, providing exposure to the pool’s targeted investment themes, which include energy transition and emerging markets.

The £46 billion pool has deployed £675 million of infrastructure investments from its first offering across eight funds including Brookfield Infrastructure Fund IV, which invests across a broad range of sectors, and Infracapital Greenfield Partners Fund II, a European-focused manager with a focus on utilities, transport, communications and renewables.

Ten of the pool’s eleven partner funds invested in the first round, including Bedfordshire, Cumbria and Durham.

It has also secured a further £760 million of commitments from its partner funds to its second infrastructure offering, which will be deployed in the period to 31 March 2021.

Border to Coast chief investment officer, Daniel Booth, said that infrastructure was identified as a key asset class for its partner funds as they seek new investment opportunities and better diversification of risk.

“Thanks to our collective size we have been able to access high quality investment opportunities whilst generating significant collective fee savings for our investors over the long term,” he said. “We appreciate the trust that our partner funds have placed in us as shown by the substantial commitments they have made to Infrastructure.”