# Boots UK

Boots UK is a Pension Fund based in Nottingham, United Kingdom.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** Nottingham, United Kingdom
- **Region:** Europe
- **Founded:** 1849
- **Assets under management:** 6.4B (Altss estimate)
- **Website:** http://www.boots.com
- **LinkedIn:** https://www.linkedin.com/company/boots

## Regulatory record

- **Reports private funds:** No

## About

Boots UK operates the pension fund for the historic UK pharmacy and beauty retailer. The firm traces its operational roots to the 1849 founding of the Boots chain, though the pension vehicle itself carries no disclosed establishment date. The pension scheme deploys capital across real estate holdings that include the 279-acre Beeston headquarters site, a 286-acre Nottingham Enterprise Zone parcel and roughly 1,800-2,000 retail locations in the UK and Ireland. It also holds 100 percent of Boots Opticians, No7 Beauty Company and Farmacias Benavides. Geographic exposure centers on the United Kingdom with additional operating businesses in Germany and Mexico. The scheme reports 4.8B GBP in assets following the Legal & General buy-in transaction. Boots UK maintains the Boots Charitable Trust, established in 1970, which has distributed more than 10M GBP to health and community projects. In 2025 Sycamore Partners completed the spin-off of Boots from Walgreens Boots Alliance, creating the current standalone structure. The pension fund sits inside a corporate ownership chain now controlled by Sycamore Partners after the 2025 separation, with investment decisions executed through external advisors including Schroder Investment Management and Legal & General rather than an internal CIO function.

## Sectors

- Real Estate
- Healthcare

## People

- Stefano Pessina — Chairman
- Ornella Barra — CEO
- Anthony Hemmerdinger — Managing Director

## Questions

### Who runs investment decisions at Boots UK?

Investment decisions are executed through external advisors including Schroder Investment Management and Legal & General rather than an internal CIO.

### Does Boots UK participate in fund commitments or only direct deals?

The scheme holds direct real estate assets and wholly owned operating subsidiaries including Boots Opticians and No7 Beauty Company.

### What is Boots UK's known posture on co-investments alongside external GPs?

No co-investment activity with external GPs is disclosed in available records.

### How is Boots UK related to Sycamore Partners?

Sycamore Partners acquired Walgreens Boots Alliance and spun off Boots UK as a standalone company in 2025.

### What asset classes does the Boots UK pension scheme hold?

Holdings include direct real estate, retail properties, and 100 percent ownership of operating businesses in healthcare and consumer goods.

## Related profiles

- [Walter Financial](https://altss.com/profile/walter-financial-somers-family-office)
- [Cambridgeshire County Council Pension Fund](https://altss.com/profile/cambridgeshire-county-council-pension-fund)

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Last updated: 2026-06-03T20:00:00.000Z

Canonical page: https://altss.com/profile/boots-uk

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