Border to Coast approves $613m in commitments

The UK public pension has backed three private debt vehicles.

Institution: Border to Coast Pensions Partnership
Headquarters: Leeds, UK
AUM:
 £21.72 billion
Allocation to alternatives: 13.8%

Border to Coast Pensions Partnership has approved $613 million in commitments across three private debt vehicles, according to a press release issued by the retirement fund.

The commitments comprise $208 million to Ares Senior Direct Lending Fund II, $130 million to Strategic Value Special Situations Fund V and $275 million to KKR Diversified Core Infrastructure Fund.

As illustrated below, the £21.72 billion UK public pension’s recent private equity commitments have focused on senior debt strategies in the US and Europe.

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