# Cardiff and Vale of Glamorgan Pension Fund

Cardiff and Vale of Glamorgan Pension Fund is a Pension Fund based in Cardiff, United Kingdom.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** Cardiff, United Kingdom
- **Region:** Europe
- **Address:** Room 345 County Hall, Atlantic Wharf, Cardiff, CF10 4UW, United Kingdom
- **Founded:** 1974
- **Assets under management:** 3.7B (Altss estimate)
- **Website:** www.cardiffandvalepensionfund.org.uk

## Regulatory record

- **Reports private funds:** No

## About

The Cardiff and Vale of Glamorgan Pension Fund was established in 1974 as the administering authority under Cardiff Council. It serves local government employees excluding police, firefighters and teachers. Assets transferred into the Wales Pension Partnership pooling vehicle in 2018. The fund targets private equity, real estate and infrastructure. Confirmed holdings include the BlackRock UK Property Fund valued at £184 million, WPP Real Estate mandates managed by Schroders Capital, and WPP Clean Energy Infrastructure. Geographic exposure centers on the United Kingdom with additional commitments to global real estate and infrastructure through CBRE and GCM Grosvenor. The fund also holds WPP Private Equity and WPP Infrastructure vehicles. Assets total $3.7 billion. The fund maintains memberships in the Local Authority Pension Fund Forum and is a signatory to the UK Stewardship Code via the Wales Pension Partnership. It added the WPP Investment Management Company Ltd as a business partner in August 2025. May 2024: Approved the Net Zero 2040 Policy during the Pension Fund Committee Meeting. The fund operates under Cardiff Council as administering authority while delegating investment execution to the Wales Pension Partnership. This creates a hybrid governance model separating local oversight from pooled asset management across multiple Welsh funds.

## Sectors

- Real Estate
- Infrastructure
- Private Equity
- Renewable Energy

## People

- Cllr Christopher Weaver — Chair of the Pension Fund Committee
- Michael Prior — Independent Chair of the Local Pension Board

## Questions

### Who runs investment decisions at Cardiff and Vale of Glamorgan Pension Fund?

Cllr Christopher Weaver serves as Chair of the Pension Fund Committee. Michael Prior acts as Independent Chair of the Local Pension Board. Day-to-day investment execution occurs through the Wales Pension Partnership.

### How does Cardiff and Vale of Glamorgan Pension Fund source proprietary deal flow?

The fund accesses deals primarily through the Wales Pension Partnership and its appointed managers including Schroders Capital, CBRE and Russell Investments.

### Does Cardiff and Vale of Glamorgan Pension Fund participate in fund commitments or only direct deals?

The fund commits to pooled vehicles such as WPP Private Equity, WPP Infrastructure and Octopus Renewables Infrastructure SCSp. It also holds direct property assets including the BlackRock UK Property Fund.

### What investment stages does Cardiff and Vale of Glamorgan Pension Fund typically target?

The fund allocates across buyout, secondaries, venture and fund-of-funds strategies within private equity, alongside core real estate and infrastructure.

### What is Cardiff and Vale of Glamorgan Pension Fund's known posture on co-investments alongside external GPs?

The fund invests through the Wales Pension Partnership structure rather than direct co-investments with external GPs.

## Related profiles

- [Magnox Electric Group Pension Scheme](https://altss.com/profile/magnox-electric-group-pension-scheme)
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Last updated: 2026-06-03T20:00:00.000Z

Canonical page: https://altss.com/profile/cardiff-and-vale-of-glamorgan-pension-fund

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