Institution: Border to Coast Pensions Partnership
Headquarters: Leeds, UK
AUM: £21.72 billion ($26 billion; €25.6 billion)
Allocation to alternatives: 13.8%
Border to Coast Pensions Partnership has approved $817.3 million in commitments across five private debt vehicles, according to a press release issued by the retirement fund.
The commitments mark the completion of the pension’s £5.7 billion private markets programme, which launched in June 2021.
The commitments comprised $220 million to Brookfield Real Estate Finance VI, $132 million to Ares SSG Capital Partners VI and $219.55 million to BlackRock European Middle Market Debt Fund. A further $246 million went to HPS Core Senior Lending Fund II and $172 million to KKR Asset-Based Finance Partners.
As illustrated below, the £21.72 billion UK public pension’s recent private debt commitments have focused on senior debt strategies in companies across North America or globally.
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