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Pension Fund Investment & Administration Panel - Monday, 27th January, 2025 1.00 pm

January 27, 2025 View on council website
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Summary

The Pension Fund Investment & Administration Panel will consider an audit of the Pension Fund for 2023-24. Also on the agenda is a proposal to invest £45 million in the London CIV Natural Capital fund1 and £115 million in the London CIV Private Debt II Fund2.

Natural Capital and Private Debt Investments

The meeting papers include the selection of the London CIV Natural Capital fund for investment and the allocation of £45 million to it. The reports pack also includes the selection of the London CIV Private Debt II Fund for an investment of £115 million. In both cases the report recommends that:

the decision relating to the timing of investment of funds [be] delegate[d] to the Director of Resources

Audit Completion Report 2023/24

The agenda includes consideration of the completed external audit of the Pension Fund by Forvis Mazars. The report pack contains the Audit Completion Report 2023-24 for the year ending 31 March 2024. It also includes the Royal Borough of Greenwich Pension Fund Audit Completion Report 2023-24.

  1. The London CIV is the London Collective Investment Vehicle. It is a fund that invests in a range of assets, including property, infrastructure and private equity, on behalf of local government pension schemes in London. ↩

  2. Private Debt funds invest in loans that are not publicly traded, making loans to businesses that are judged as not creditworthy enough to borrow from a bank. ↩

Attendees

Documents