LGPS Briefing: Private Markets Profile
Our second issue of Private Markets Profile comes hot on the heels of a government budget that reaffirmed its ambition to steer LGPS assets in the interests of policy objectives.
Not only has the Treasury mooted further consolidation of the eight LGPS pools, but it has also put up for consultation a requirement for LGPS practitioners to consider illiquid assets such as venture and growth capital.
This report was sponsored by Baillie Gifford, Columbia Threadneedle Investments, Igneo Infrastructure Partners & ICG
It is of course the job of administering authorities of the scheme to consider all appropriate asset classes – liquid and illiquid -when setting their asset allocation strategies, so they may well argue this work is already underway.
What is clear though, is that appetite for UK infrastructure investing in No.11 is unsated as is their conviction that the LGPS should play its part in building back better (or whatever the current reset is called).
In this issue we’ve spoken to Gordon Ross (LGPS Central), Jason Fletcher (London CIV) and Ian Sandiford (Border to Coast) about their take on the government’s plans and their contributions are both thoughtful and illuminating.
Read on, and for more on net zero infrastructure, private equity and GP-led secondaries {Download the Report}
To discuss sponsored thought leadership on Room151 or Net Zero Investor, contact peter.braham@room151.co.uk.
