The Greater Manchester Pension Fund has committed a further £100 million to Gresham House’s Sustainable Infrastructure strategy which focusses on investment in solutions to address environmental and societal challenges in the North West of the UK, and support levelling up throughout the country.
The Greater Manchester Pension Fund (GMPF) has committed a further £100 million to Gresham House’s Sustainable Infrastructure (BSIF) strategy, which focusses on investments in solutions to address environmental and societal challenges in the North West of the UK, and support levelling up throughout the country.
The additional allocation by GMPF, the largest fund in the Local Government Pension Scheme (LGPS), brings BSIF’s AUM to more than £500 million. As well as GMPF, the strategy is backed by six other local authority pension funds including East Riding, Greater Gwent (Torfaen), Teesside, West Midlands, and Worcestershire.
According to Gresham House, the vast majority (94%) of BSIF’s portfolio companies are not directly exposed to rising interest rates, and those that are all have robust mitigation strategies in place to manage volatility.
