Northern LGPS

Northern LGPS (NLGPS) is a partnership between the Greater Manchester (GMPF), Merseyside (MPF) and West Yorkshire (WYPF) Local Government Pension Scheme (LGPS) funds. Formerly known as 'Northern Pool', it operates as one of Britain’s largest public investment funds, managing approximately £61 billion in assets. Their core purpose is to effectively manage fund assets to ensure members receive adequate pensions for retirement. The partnership represents about a fifth of total LGPS assets, serves around 870,000 members, and collaborates with over 1,200 contributing employers. Based on available information, Northern LGPS invests across various asset classes to achieve its investment objectives. A recent investment highlight is the acquisition of PRS Holdco, bringing a large portfolio of single-family homes under joint ownership. This indicates an interest in real estate and infrastructure investments. The mention of Hornsea One Off-shore Windfarm in association with the Annual Report suggests an investment in renewable energy. The focus appears to be on long-term, sustainable investments that generate stable returns to support pension obligations. The acquisition of PRS Holdco shows a focus on UK housing and real estate investment. The mention of the Hornsea One offshore wind farm suggests infrastructure, and renewable energy, particularly offshore wind projects are relevant to their investment strategy. Given the size of the fund and its public nature, it likely participates in larger deals and co-investments. The partnership with Local Pensions Partnership Investments (LPPI) for the PRS Holdco acquisition further supports this assessment. They likely allocate capital across a diverse range of assets including listed equities, fixed income, private equity, real estate, and infrastructure.

Real estate, infrastructure, renewable energy, housing

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