Barnet Local Government Pension Scheme

Barnet Local Government Pension Scheme

The Barnet Local Government Pension Scheme was established in 1974 as a contributory defined benefit scheme for public sector employees of the London Borough of Barnet. The borough serves as the administering authority. The scheme is a shareholder in the London CIV, the investment pool for London local government pension funds. The scheme maintains allocations to private equity through Adams Street funds and secondaries vehicles. It holds positions in real estate funds including CBRE Global Alpha, abrdn Long Lease Property and Fiera Real Estate Opportunity Fund V. Infrastructure exposure includes IFM Global Infrastructure and LCIV Renewables Infrastructure. Private debt commitments cover Alcentra European Direct Lending, Partners Group Multi Asset Credit and Barings Global Special Situations Credit. Allocations span the United Kingdom and global markets. The scheme reports 2,262 million USD in assets. It uses West Yorkshire Pension Fund for administration, Hymans Robertson as investment consultant and actuary, Northern Trust as custodian and Grant Thornton as auditor. In October 2024 the scheme attended the LAPF Investment Awards and received nominations for LGPS Fund of the Year and Net Zero Transformation. The scheme operates as a participating fund within the London CIV structure rather than as an independent investor. This pooling arrangement determines manager selection and certain governance functions.