[Aug 25, 2025] Border to Coast Expands Alternatives Team with PE and Private Credit Leads

The Gist

• Border to Coast, one of the UK’s largest local government pension pools (£65B AUM), is hiring senior portfolio managers to lead private credit, PE, climate, and real asset strategies.
• The expansion comes as seven more LGPS funds prepare to join, which will lift assets under management to £110B.
• Private market exposure already totals £20.2B across private credit (£5.9B), PE (£4B), infrastructure (£5.9B), and other alternatives.

Why It Matters
This is another sign that large pension funds are deepening commitments to private credit and equity as core allocations, not just satellite plays. By hiring dedicated leads, Border to Coast is institutionalizing these strategies and aligning with its 2030 plan to grow alternative investments across real assets, private markets, and climate opportunities.

Question for You
Do you think UK pension pools like Border to Coast will increasingly rival global allocators (Canadian pensions, US state plans) in private markets over the next decade?

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