Border to Coast Pensions Partnership (BCPP) has started its selection of investments for private equity, following the establishment of a legal structure enabling the £43bn partnership to invest in private markets on behalf of its partner pension funds.
Funding will be used to scale the company's platform for the US and Asia markets
Fund targets companies operating in a wide range of sectors and deploys tickets in the $50-500m range
Predecessor vehicle PEC III closed on $389m in October 2017 and is now fully deployed
Arlington expects to put fresh capital into the business and grow it through acquisitions