Cornwall Council Pension Fund

Cornwall Council Pension Fund

The Cornwall Council Pension Fund administers retirement benefits under the Local Government Pension Scheme and Firefighters' Pension Schemes. It serves public sector workers across Cornwall and maintains its primary operations from Truro. The fund holds a 10 percent ownership stake in Brunel Pension Partnership Ltd. Capital deployment spans private equity, private debt, and real estate. Current holdings include commitments to Brunel Infrastructure Fund cycles, Brunel Private Equity Fund cycles, and Brunel Private Debt Fund cycles. Direct positions feature the Tuckingmill Affordable Housing Scheme, St Austell Affordable Housing Development, and Greencoat Cornwall Gardens renewable energy assets. Geographic exposure centers on the United Kingdom with additional private equity exposure through Genstar Capital Partners X in the United States. The fund employs 11 professionals. It maintains membership in the Local Authority Pension Fund Forum, Institutional Investors Group on Climate Change, Principles for Responsible Investment, and Transition Pathway Initiative. Service providers include Hymans Robertson as actuary and State Street as custodian. June 2024: Participated as speaker at the LGPS Private Markets Forum covering private debt and net zero topics. The fund operates as an administering authority under Cornwall Council with governance routed through the Pensions Committee. Ownership of 10 percent of the Brunel pool entity creates a distinct pooling governance role compared with non-shareholding LGPS funds transitioning to new arrangements with Local Pensions Partnership Investments.