# Cambridgeshire County Council Pension Fund

Cambridgeshire County Council Pension Fund is a Pension Fund based in Cambridge, United Kingdom.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** Cambridge, United Kingdom
- **Region:** Europe
- **Address:** Cambridge, United Kingdom
- **Assets under management:** $6.4B (Altss estimate)
- **Website:** https://pensions.cambridgeshire.gov.uk

## Regulatory record

- **Reports private funds:** No

## About

The Cambridgeshire County Council Pension Fund is a local government pension fund serving employees in Cambridgeshire. It focuses its investments on the private equity sector, with a specific emphasis on biotechnology and life sciences.

## Sectors

- Real Estate
- Infrastructure
- Financial Services
- Private Equity
- Energy
- Healthcare
- Materials

## Questions

### How does the Cambridgeshire County Council Pension Fund source its direct investments?

The fund originates direct real estate and infrastructure deals through institutional fund managers like CBRE Global Investors, Aviva Investors, and Schroders, as well as through external investment consultants Aon and Mercer. It also co-creates local investments, such as its 50% stake in Cambridge and Counties Bank, through joint ventures with academic partners like Trinity Hall, Cambridge.

### Does the fund participate exclusively in pooled funds or does it make direct co-investments?

It uses a hybrid approach. Most private-market exposure comes through limited-partner commitments to funds managed by HarbourVest, Partners Group, and IFM Investors. However, the fund also holds direct majority stakes in operating entities — most notably a 50% ownership of Cambridge and Counties Bank — and owns sector-specific property portfolios directly through separate accounts.

### What is the fund's connection to the ACCESS Pool and the Border to Coast Pension Partnership?

Cambridgeshire is a founding member of the ACCESS Pool, a collaboration among several UK local-authority pension funds designed to pool investment assets and lower management costs. The fund has also indicated that it intends to shift some operations to the Border to Coast Pension Partnership by April 2026, a move that will consolidate its listed-market allocations into a larger, nationally significant asset pool.

### What is the fund’s posture on climate and carbon reduction?

The fund has committed to achieving net-zero carbon emissions by 2050 or earlier, supported by a formal Climate Action Plan. It has set specific decarbonization targets for its listed equity portfolio and is a member of the Local Authority Pension Fund Forum, which engages companies on climate governance, though it has not disclosed an exclusion-based fossil-fuel divestment policy.

### How does the fund’s ‘Levelling Up’ allocation operate?

The fund explicitly allocates capital to UK-focused residential and economic development projects under a ‘Levelling Up’ mandate. This includes direct investments in M&G’s UK Residential Property Fund, a shared-ownership housing fund, and an equity stake in the Cambridge Building Society, aiming to generate local social impact alongside commercial returns.

## Related profiles

- [Boots UK](https://altss.com/profile/boots-uk)
- [Meritz Capital](https://altss.com/profile/meritz-capital)

---

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

Canonical page: https://altss.com/profile/cambridgeshire-county-council-pension-fund

Maintained by Altss — https://altss.com — methodology: https://altss.com/methodology