Border to Coast confirms $817m in commitments

The UK public pension has backed five private debt vehicles.

Institution: Border to Coast Pensions Partnership
Headquarters: Leeds, UK
£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.

Platinum subscribers may click here for the investor’s full profile, including key contacts, allocation strategy and fund investments