Cheshire County Council Pension Fund

Cheshire County Council Pension Fund

Cheshire County Council Pension Fund was established under the Local Government Pension Scheme framework. Cheshire West and Chester Council serves as the administering authority. The fund participates in the LGPS Central Pool alongside seven other partner funds. The fund maintains allocations to public equities, private equity, and real estate. Confirmed holdings include positions in Joby Aviation and Fox Corporation through LGIM mandates. It also holds stakes in Yorkshire Water via the LGPS Central and EQT partnership. Direct property assets total $554M while an additional $64M sits in the LGPS Central Residential Indirect Property Partnership. Geographic exposure centers on the United Kingdom with select global private equity commitments through Adams Street Partners and Pantheon. The fund reports 11 deals and maintains relationships with seven service providers. Mercer acts as investment advisor, BNY Mellon as custodian, and Grant Thornton as external auditor. In July 2024 the fund attended a Pension Fund Committee Training Session focused on the Annual Report and Statement of Accounts. Ownership of an equity stake in LGPS Central Ltd distinguishes the fund's governance model from standalone local authority schemes. The structure routes commitments through the pool's joint committee and shared investment vehicles.