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The content (including but not limited to all information and data) contained in this section of the website is published by Local Pensions Partnership Investments Ltd (LPPI), which is authorised and regulated by the Financial Conduct Authority (FCA). LPPI is a fully owned subsidiary of Local Pensions Partnership Ltd.

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What we do

info@localpensionspartnership.org.uk
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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

Diversifying strategies

The Fund seeks to generate a diversifying source of return distinct from global equity and bond markets. It looks to exploit a broad range of relative value and macro directional opportunities in global capital markets. The investment mandate seeks investments in a variety of alternative strategies where the drivers of return are not primarily dependent on market factors.

Launch date: 28 September 2018

Fund size: £750m (at 28 September 2018)

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: £599m (at 28 August 2018)

NAV price per unit: £9,882.517 (at 16 October 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: £6.3b (at 31 August 2018)

NAV price per unit: £11,264.219 (at 16 October 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 latest 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