Lancashire County Pension Fund

Overview

The Lancashire County Pension Fund is a UK-based pension fund managing investments for public sector employees in Lancashire. It is part of the Local Government Pension Scheme (LGPS), which provides death and retirement benefits for eligible employees. The fund covers the county of Lancashire, with Lancashire County Council serving as the administering authority. It offers pensions to numerous public sector employers and other eligible employers admitted into the fund. The fund's investments are managed by external investment managers, including the Local Pensions Partnership Investments Ltd (LPPI), which provides pooled investment services. The administration of the fund is handled by Local Pensions Partnership Administration Ltd (LPPA), with the exception of the Employer Risk provision, which is managed in-house by the Pension Fund Team. The fund's assets are diversified across various classes, including fixed income, equities, real estate, infrastructure, private equity, and hedge funds. It focuses on growth, buyout, turnaround, and distressed stages of investment. The fund primarily invests within the United Kingdom and is involved in industries such as financial services, real estate, infrastructure, private equity, and hedge funds. As of May 2024, the fund's assets were valued at approximately £11.5 billion (around US$14.6 billion).

Investment Focus

• Eligible public sector employers in Lancashire
• Eligible employers admitted into the fund