Our funds

We invest across a range of asset classes for maximum diversification

LPPI Global Equities Fund

The Fund is benchmark agnostic, seeking to achieve long term capital growth predominantly through investment in global equity markets. The Fund invests through a combination of internally managed and third-party managed investments. 

Reference benchmark: MSCI All Country World Index in GBP NDR

  • Launch date: 31 October 2016
  • Fund size: £10.74 billion (at 31 March 2026)
  • NAV price per unit: £20,208.716 (at 9 July 2026) 
  • Structure: sub-fund of LPPI Asset Pooling Authorised Contractual Scheme

LPPI High Alpha Global Equities Fund

The Fund seeks to achieve capital growth over a time horizon of 5 years, predominantly through investment in developed global equity markets. The Fund invests through third-party managed investments. 

Reference benchmark: MSCI World Index in GBP NDR

  • Launch date: 1 April 2026
  • Fund size: £2.97 billion (at 30 April 2026)
  • NAV price per unit: £10,975.445 (at 9 July 2026)
  • Structure: sub-fund of LPPI Asset Pooling Authorised Contractual Scheme

LPPI Global Equities Fund II

The Fund seeks to achieve capital growth over a time horizon of 5 years, predominantly through investment in global equity markets. The Fund invests through third-party managed investments. 

Reference benchmark: MSCI All Country World Index in GBP NDR

  • Launch date: 1 April 2026
  • Fund size: £2.69 billion (at 30 April 2026)
  • NAV price per unit: £10,961.098 (at 9 July 2026)
  • Structure: sub-fund of LPPI Asset Pooling Authorised Contractual Scheme

LPPI Smaller Companies Equities Fund

The Fund seeks to achieve capital growth over a time horizon of 5 years, predominantly through investment in developed global equity markets. Exposure is focused on smaller companies which are considered to exhibit higher risk than larger companies. The Fund invests through third-party managed investments. 

Reference benchmark: MSCI World Small Cap Index in GBP NDR

  • Launch date: 1 April 2026
  • Fund size: £917.09 million (at 30 April 2026)
  • NAV price per unit: £11,044.585 (at 9 July 2026)
  • Structure: sub-fund of LPPI Asset Pooling Authorised Contractual Scheme

LPPI Low Volatility Global Equities Fund

The Fund seeks to achieve capital growth over a time horizon of 5 years, predominantly through investment in global equity markets. The Fund seeks to moderate price movements relative to global equity markets. The Fund invests through third-party managed investments. 

Reference benchmark: MSCI All Country World Index in GBP NDR

  • Launch date: 1 April 2026
  • Fund size: £540.33 million (at 30 April 2026)
  • NAV price per unit: £10,733.922 (at 9 July 2026)
  • Structure: sub-fund of LPPI Asset Pooling Authorised Contractual Scheme

LPPI Fixed Income Fund

The Fund aims to deliver optimal long-term, risk-adjusted returns, capitalising on opportunities in the global fixed income market, with a strong focus on capital preservation. The majority of the portfolio will be invested in high credit quality, highly liquid fixed income instruments across geographies, instrument types and maturities.

  • Launch date: 28 February 2018
  • Fund size: £1.29 billion (at 31 March 2026)
  • NAV price per unit: £9,217.223 (at 9 July 2026)
  • Structure: sub-fund of LPPI Asset Pooling Authorised Contractual Scheme

LPPI Infrastructure Investments

The Infrastructure Investments fund seeks to gain cost effective, diversified exposure to global infrastructure assets, predominately in the UK, Europe and North America. It invests via primary infrastructure funds, co-investments and direct ownership in infrastructure assets.

  • Fund size: £2.91 billion (at 31 December 2025)
  • Structure: special purpose vehicle
  • Launch date: June 2017

LPPI Credit Investments

The Credit Fund seeks to gain cost effective exposure to diverse sources of return linked to global credit markets and credit instruments. It seeks balanced exposure to the global credit market by investing in a variety of credit sectors including liquid, multi-credit, unconstrained emerging market debt, secured lending, direct lending and credit opportunities including distressed debt.

  • Fund size: £4.22 billion (at 31 December 2025)
  • Structure: special purpose vehicle
  • Launch date: September 2017

LPPI Private Equity Funds

The Funds seek to achieve long-term investment returns by investing in companies at various stages of the growth cycle (buyout, growth capital, special situations, distressed).

  • Total size: £1.37 billion (at 31 December 2025)
  • Structure: special purpose vehicle
  • Launch date: March 2017

LPPI Real Estate Fund

The sub-fund seeks a total return (comprising income and capital growth) exceeding that of the Consumer Prices Index by 3% to 5% each year measured over a rolling 10-year period net of all fees and expenses at portfolio level.

  • Fund size: £1.93 billion (at 30 June 2026)
  • NAV price per unit: £9,523.720 (at 30 June 2026)
  • Structure: sub-fund of LPPI Real Estate ACS
  • Launch date: 1 October 2019

Real Estate ACS Reports

LPPI Environmental Opportunities Fund (EOF)

The Environmental Opportunities Fund (EOF) was launched to enable clients to thematically invest in private market assets that contribute towards climate mitigation, climate adaptation, and the protection, restoration, and sustainable management of nature.

  • Fund Size: LGPS client funds have committed £535 million (as at 31 December 2025)
  • Structure: special purpose vehicle
  • Launch date: April 2025

Local Pensions Partnership Investments

We are here to help our pension fund clients:

  • Achieve their funding strategy goals through improved investment outcomes
  • Manage their assets and cash flows to meet future benefit payments
  • Invest sustainably

LPPI Asset Pooling ACS Reports