IMPORTANT INFORMATION

Please read this information before proceeding, as it explains certain restrictions on the distribution of this information and the countries it can be accessed from. Please confirm where applicable the confirmations requested at the bottom of this page.

The information in this section is published by Local Pensions Partnership Investments Ltd (LPPI), which is authorised and regulated by the Financial Conduct Authority. LPPI is a fully owned subsidiary of The Local Pensions Partnership. Contents of this section of the website are not intended for the general public. The information contained is for persons who are defined as Professional Clients under the rules of the FCA, and specifically a UK pension scheme or the professional financial advisor to such a scheme. The services provided by LPPI are only available to persons classified as Professional Clients, as such, no reliance should be placed on anything contained in this website by persons other than Professional Clients. In particular, persons who are retail Clients (as defined by the FCA), should not act or rely upon the information provided in this website and the services referred to herein will not be available to such persons.

The contents of this website are only directed at persons in the UK reasonably believed to be of a kind to whom such promotions may be communicated.

This website is for information purposes only. This website is not, and should not be construed as, an offer, or solicitation of an offer, to buy or sell any securities or other financial instruments. Shares of the investment funds described herein are offered solely on the basis of the information and representations expressly set forth in the relevant offering circulars, and no other information or representations may be relied upon in connection with the offering of the shares. The value of investments, and the income from them, can go down as well as up and you may get back less than you invested.

Nothing contained on the website constitutes investment, legal, tax or other advice nor is to be relied on in making an investment or other decision. You should obtain appropriate professional advice before making any investment decision.


Credit

The credit fund seeks to gain cost-effective exposure to diverse sources of return linked to global credit markets and credit instruments. It seeks balanced exposure to the global credit market by investing in a variety of credit sectors including liquid multi-credit, unconstrained emerging market debt, secured lending, direct leading and credit opportunities including distressed debt, 

Launched date: September 2017

Fund size: £1.3b (at September 2017)

Structure: special purpose vehicle


Fixed income

The fund aims to deliver optimal long-term risk-adjusted returns, capitalising on opportunities in the global fixed income market, with a strong focus on capital preservation. It will invest predominantly in higher credit quality, highly liquid fixed income instruments across geographies, instrument types and maturities.  

Launched date: 28 February 2018

Fund size: £320m (at 28 February 2018)

NAV price per unit: £9,952.691 (at 21 June 2018) 

Structure: sub-fund of LPP I Asset Poooling Authorised Contractual Scheme


Global equities

The fund is benchmark agnostic, investing across global equity markets through a combination of internally managed and third-party managed investments. The fund seeks to outperform the MSCI All Country World Index in GBP NDR over the full market cycle.

Launch date: October 2016

Fund size: £5.8b (at 31 May 2018)

NAV price per unit: £11,327.836 (at 21 June 2018)

Structure: sub-fund of LPPI Asset Pooling Authorised Contractual Scheme

Factsheet: click here 

The internally managed equity portfolio represents c.40% of the global equities fund. This internal mandate focuses on large cap companies which we hold long-term. Before the launch of the global equity fund, the £800m+ internal equity portfolio returned c.9.5% in 2015, significantly ahead of the Mega Cap benchmark at 0.01% and the MSCI World Index at c.4.8%. Click here to view performance. 


Global infrastructure

The global infrastructure fund seeks to gain cost-effecitve, diversified exposure to global infrastructure assets, predominately in the UK, Europe and North America. It invests via primary infrastructure funds, co-investments and direct ownerhship in infrastructure assets. 

Launch date: June 2017

Fund size: £1.5b (committed capital at September 2017)

Structure: special purpose vehicle


Private equity

The fund seeks to achieve long-term investment returns by investing in companies at various stages of the growth cycle (buyout, growth capital, special situations, distressed).

Launch date: March 2017

Fund size: £1.8b (at September 2017)

Structure: special purpose vehicle