Portfolio overview
Market value £19.1 billion AUM
We are a pension fund with our total fund benchmarked primarily against the FTSE index, reflecting our commitment to competitive long-term returns for our beneficiaries. Our diverse portfolio, with 45% invested in the UK, spans public equities, fixed income, private equity, infrastructure, and property, balancing growth and stability.
We are invested in some of the biggest global brands
£12 billion
Global Public Equites
Our Public Equities portfolio consists of six distinct mandates, managed in-house. These mandates are designed to capture growth across various sectors and geographies, ensuring a well-diversified and strategic approach.
We own IDB bonds to support Economic & Social Development in Latin America
£2.9 billion
Fixed Income
Our fixed income mandate totals £2.9 billion, managed in-house, this portfolio is carefully diversified across the bond market, allowing us to preserve capital while generating steady income.
Through GLIL we invest directly in some of biggest UK offshore windfarms
£1.2 billion
Infrastructure
Our Infrastructure mandate supports a diversified investment strategy through GLIL and WYPF allocations. GLIL focuses on UK core infrastructure, like LYCEM Solar and Hornsea 1, while WYPF targets additional domestic and global opportunities.
Through Gritstone we support the development of spin-outs from Northern universities
£1.2 billion
Private Equity
Our Private Equity mandate includes the Northern Private Equity Pool (NPEP) and the WYPF Private Equity Allocation. Formed in 2018, NPEP pools investments across Northern Local Government Pension Scheme (LGPS) funds, boosting investment capacity and fostering collaboration to target high-growth businesses.
We invest in commercial property throughout the UK
£550 million
Property
Our Property Mandate focuses on investing in high-quality real estate assets to generate stable income and long-term capital appreciation. This strategy encompasses a diversified portfolio of commercial, residential, and industrial properties, strategically located to capitalize on market demand.
We have invested in Rebalance earth to support nature based solutions
£738 million
Alternatives
Our Alternative Mandate focuses on both public and private market investments to enhance returns, reduce risk, and align with our prioritized UN SDG themes of Climate Solutions, Sustainable Cities and Innovation Growth. Key areas include Energy Transition, Natural Capital, Sustainable Places and Innovation, aiming to boost portfolio resilience and generate uncorrelated returns and impact.