Border to Coast Pensions Partnership’s private markets programme has reached £23.2bn, giving 17 partner Local Government Pension Scheme (LGPS) funds access, including seven that joined in April 2026.

These funds can access global opportunities across infrastructure, private credit, private equity and real estate through the programme.

The LGPS pool has committed a further £5.2bn to its series 3B private markets programme to reach the milestone.

The latest commitments comprise £1.7bn to private credit, £1.5bn to private equity, £1.1bn to infrastructure and £830m to global real estate.

According to Border to Coast, the programme reduces costs for partner funds by an average of 32 per cent compared with standard industry fee rates.

Border to Coast head of alternatives, Ian Sandiford, commented: “Private markets continue to be an important diversifier for long-term investment strategies.

“Together, our partnership has shown how our collective scale as a pool can help build stronger ties with industry, unlock access to greater investment opportunities, and significantly cut costs.”

Sandiford said the programme has gone from “strength to strength,” adding the organisation would continue to expand its in house expertise as the programme develops.

---