GLIL Infrastructure secures £475 million in new member commitments to drive greater investment in UK infrastructure

GLIL Infrastructure’s seven investors have collectively allocated an additional £475 million to the vehicle for investment into core UK infrastructure assets.

The new capital commitments have come from GLIL’s six local government pension scheme (LGPS) clients – Greater Manchester, Merseyside, West Yorkshire, Lancashire, Berkshire and the London Pensions Fund Authority – as well as NEST.

Between them, the seven institutions have now allocated £4.1 billion to GLIL, of which more than £3 billion has been deployed into infrastructure assets including renewable energy production and energy transition projects, as well as transport, water, ports, schools and hospitals.

Ted Frith, chief operating officer at GLIL Infrastructure, said the new commitments reflected an increasing appetite among pension funds for UK infrastructure investment.

A survey conducted by GLIL and published last month reported that almost two thirds (65%) of schemes expect to increase their exposure to infrastructure over the next 12 months.

“As well as offering reliable, inflation-linked returns, infrastructure investment is critical to the UK’s energy transition, supporting local communities and powering the economy,” Frith said.

“With the help of our LGPS members and NEST, we will be able to capitalise on a strong pipeline of new investment opportunities that provide reliable returns for many years to come.”