Border to Coast, one of the eight Local Government Pension Scheme (LGPS) investment pools, has committed a total of £80m to renewable energy infrastructure and life sciences real estate in the UK.
The pool, which manages £52.3bn on behalf of its 11 partner funds, made the investments through its £500m UK Opportunities Fund. It committed £40m each to the UBS UK Life Sciences Property strategy and Quinbrook Renewables Impact Fund II.
UBS’s strategy supports the development of real estate for the life sciences sector within the ‘Golden Triangle’ of Cambridge, Oxford and London. Meanwhile, Quinbrook’s fund targets the development of renewable energy generation, infrastructure decarbonisation and enhanced grid stability, Border to Coast said.
The UK Opportunities Fund is part of Border to Coast’s broader private markets programme, which as of 1 April 2025 has secured a further £2.5bn in commitments from partner funds, bringing the programme’s total size to £18bn, of which £1bn is invested in the UK. The additional capital will be invested globally across private equity (£585m), infrastructure (£775m) and private credit (£1.1bn).
Joe McDonnell, chief investment officer at Border to Coast, said: “With the support of our partner funds, we have continued to leverage our expertise and deep relationships with the industry to secure strong investment opportunities. The UK Opportunities strategy offers investments that both deliver good risk-adjusted returns over the long run with the added benefit of improving the infrastructure of the UK. That’s additional value that members can enjoy in addition to returns.”
