Border to Coast confirms $518m in commitments

The UK public pension has backed three private equity vehicles.

Institution: Border to Coast Pensions Partnership
Headquarters: Leeds, UK
£21.72 billion

Border to Coast Pensions Partnership has approved $518 million in commitments across seven private equity vehicles, according to a press release issued by the retirement fund.

The commitments mark the completion of the pension’s £5.7 billion ($6.8 billion; €6.7 billion) private markets program, which launched in June 2021.

The commitments comprised of $100 million to to StepStone VC Opportunities VII, $246 million 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 equity commitments have focused on a variety of strategies across North America or the Asia-Pacific region.

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