USS Investment Management Ltd

Overview

USS Investment Management Ltd (USSIM) is the in-house investment manager for the Universities Superannuation Scheme (USS), the UK's largest private pension scheme. USSIM manages approximately £76.8 billion in assets across both the Retirement Income Builder (defined benefit) and the Investment Builder (defined contribution) parts of the scheme. The firm employs a global, multi-asset investment approach, allocating capital across equities, fixed income, private markets, and alternatives, with a strong focus on diversification and risk control to meet current obligations and ensure sustainable, long-term pension delivery. USSIM is authorized and regulated by the Financial Conduct Authority. The investment strategy of USSIM is dedicated to pension fund management, with a strong emphasis on responsible investing. The firm aims for net-zero emission targets and directs significant capital toward UK investments and renewable energy. USSIM's hybrid structure combines defined benefit and defined contribution schemes to provide members with both security and flexibility. The firm is a member of the Financial Markets Standards Board (FMSB), reflecting its commitment to fair and effective financial markets. As of 2024, USSIM employed approximately 242 staff. The firm has a track record of strong relative returns over the long term, achieving investment management costs £440 million lower than the peer median over the five years up to the end of 2023. USSIM's approach to stewardship and responsible investment aims to protect and enhance the value of the scheme’s investments in the long term, aligning with its fiduciary obligations to its members.

Investment Focus

• Long-term investment horizon
• Alignment with responsible investment principles
• Diversification across asset classes
• Focus on UK investments and renewable energy
• Commitment to net-zero emission targets

Portfolio Companies