Strathclyde approves £50m in commitments

The Glasgow-based public pension has backed two senior debt funds.

Institution: Strathclyde Pension Fund
Headquarters: Glasgow, UK
AUM: £25.5 billion

Strathclyde Pension Fund has confirmed £50 million-worth ($69 million; €58 million) of commitments across two senior debt funds, according to the pension’s March 2021 investment committee meeting minutes.

The Glasgow based pension has committed £30 million to Tosca Debt Capital Fund III and £20 million to RiverRock Sustainable Industry Finance Fund. Both will make investments into companies based in Western Europe.

As illustrated below, Strathclyde Pension Fund has made five commitments to private equity vehicles with a 2018 or 2021 vintage year, which combined constitute £121.6 million.

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