London CIV assets under management hits £64bn
Author: LAPF Investments | Published: October 1, 2026
London CIV has seen its assets under management grow by 66% between March and September this year, from £38.5bn to more than £64bn.
It follows the signing of new investment management agreements between London CIV and its partner funds, establishing a strengthened framework for the management, oversight and reporting of assets across the partnership, and supporting the implementation of the government’s pooling reforms.
The pool has also built the infrastructure needed for the next phase of pooling, including establishing an in-house strategic asset allocation capability, completing an investment advice pilot, introducing quarterly reporting across pooled and non-pooled assets, and creating new partner fund working groups to strengthen collaboration and oversight.
Additionally, London CIV has developed the LGPS’s first responsible investment matrix – which was developed alongside its partner funds and provides a framework through which different responsible investment priorities can be implemented within a pooled structure.
Alongside these operating model and governance improvements, the pool has continued to expand its investment offering – including through the launch of the Core Global Equity Fund, the development of new private markets opportunities and continued investment in affordable housing, infrastructure and natural capital.
More than £1.7bn is now invested across these areas, including more than £530m in affordable housing and approximately £950m in infrastructure and renewable infrastructure.
London CIV chief executive Dean Bowden said: “This is a significant milestone for London CIV and our Partner Funds. More than £64bn of London and Buckinghamshire LGPS assets now come under our new pooling framework.
“This progress has only been possible through the close collaboration and trust between London CIV and our partner funds, and I would like to extend my sincere thanks to the elected members, officers and teams across London and Buckinghamshire for the commitment, expertise and dedication they have shown in helping us reach this important milestone.
“However, there is still more work to do. I see this as a strong foundation for the next phase of pooling and for delivering long-term value to scheme members and employers across London and Buckinghamshire.”
