A Collective Investment Vehicle for London Local Authorities (LLA) Pension Funds which delivers broader investment opportunities and enhanced cost efficiencies than LLAs can achieve individually and overall better risk adjusted performance.
Launched in December 2015, we are unique in being the first fully authorised and regulated investment management company set up by local government, for local government the UK. Our founding members are London boroughs and the City of London Corporation and we have been established as a collective investment vehicle for their Local Government Pension Scheme funds.
Our current regulatory permissions allow us to operate an Authorised Contractual Scheme Fund (the UK’s version of a Tax Transparent Fund). We will be building out the fund over the next few years, aiming to grow our current £5 billion of assets under management to £25 billion by 2020.