Border to Coast Pensions Partnership (Border to Coast) has launched its second Private Markets programme (Series 2) with GBP4 billion of commitments from its Partner Funds, bringing total commitments in the programme to date to GBP10 billion.
The first tranche of Series 2 commitments will be invested over the next year in infrastructure (GBP1.03 billionn), private equity (GBP705 million), and in private credit (GBP985 million).
It also includes a GBP1.35 billion Climate Opportunities offering. This will be invested over a three-year period and will target investments that will have a material positive impact on climate change and support long-term net zero carbon emission goals. It will include investments across private equity, infrastructure and private credit, and 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
• Carbon sequestration: technology to capture and store carbon; forestry.
Border to Coast announced its commitment to achieving net-zero greenhouse gas emissions across all investment portfolios by 2050 last September. The Climate Opportunities offering forms one part of its long-term plan to achieve this goal.
