Insight

Strathclyde approves £50m in commitments

The Glasgow-based public pension has backed two private equity funds.

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Institution: Strathclyde Pension Fund
Headquarters: Glasgow, UK
AUM: £28.02 billion

Strathclyde Pension Fund has confirmed a £50 million ($66 million; €60 million) commitment across two private equity funds, according to the pension’s March investment committee meeting minutes.

The commitments comprised of £25 million each to Panoramic Fund 3 and Palatine Impact Fund II. The pension previously invested into the Panoramic Fund series, investing £5 million into Fund 1 and £15 million into Fund 2.

The commitment to Palatine Impact Fund II represents the second investment the pension has made to Palatine Private Equity managed funds. In 2020, Strathclyde committed £25 million into Palatine Private Equity Fund IV.

As illustrated below, Strathclyde Pension Fund typically makes commitments to private equity vehicles focused on Western Europe across a variety of sectors and strategies.

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