Border to Coast Pensions Partnership (Border to Coast) has launched a second private markets programme, known as series 2. Partner funds have committed a total of £4 billion in assets, bringing total commitments in the programme to £10 billion.
Infrastructure (£1.03 billion), private equity (£705 million), and private credit (£985 million) will make up the first tranche of series 2 commitments to be invested over the next 12 months. These Investments include a £1.35 billion climate opportunities offering. Invested over a three year period, this will target investments that have a material positive impact on climate change and support long-term net zero carbon emission goals.
Invested across private equity, infrastructure and private credit, it will focus on the following sectors: Clean energy – renewable energy generation, green hydrogen, battery storage, next generation electricity grids; Technology – energy management, climate modelling, emissions tracking; Transport – electric vehicles. local carbon fuels, charging points; Industry – low carbon cement and steel production, automation, next generation plastics; Agriculture – sustainable food production, alternative proteins, biodiversity; water management; and Carbon sequestration – technology to capture and store carbon, forestry.
“We have worked closely with our partner funds to design and launch innovative investments that enable them to deliver their long-term investment strategies,” said Mark Lyon, head of internal management at Border to Coast.