# Cornwall Council Pension Fund

Cornwall Council Pension Fund is a Pension Fund based in Truro, United Kingdom.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** Truro, United Kingdom
- **Region:** Europe
- **Address:** New County Hall, Truro TR1 3AY, United Kingdom
- **Founded:** 1974
- **Assets under management:** 3.43B (Altss estimate)
- **Website:** www.cornwall.gov.uk
- **LinkedIn:** https://uk.linkedin.com/company/cornwall-pension-fund

## Regulatory record

- **Reports private funds:** No

## About

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.

## Sectors

- Infrastructure
- Real Estate
- Renewable Energy
- Private Equity

## People

- Sean Johns — Head of Pensions and Treasury
- Cllr Mike Thomas — Chair of the Pensions Committee

## Questions

### Who runs investment decisions at Cornwall Council Pension Fund?

Sean Johns serves as Head of Pensions and Treasury. Cllr Mike Thomas chairs the Pensions Committee and represents the fund on the Brunel Oversight Board.

### How is Cornwall Council Pension Fund related to Brunel Pension Partnership?

The fund is a founding partner and 10 percent owner of Brunel Pension Partnership Ltd. It routes the majority of its investments through Brunel pooled vehicles in private equity, infrastructure, and private debt.

### Does Cornwall Council Pension Fund participate in fund commitments or only direct deals?

The fund makes commitments to pooled funds through Brunel cycles and selects co-investments such as the PGIM UK Affordable Housing Fund and Greencoat Cornwall Gardens LP.

### Which sectors does Cornwall Council Pension Fund allocate to?

Allocations include private equity, infrastructure, renewable energy, and real estate with emphasis on affordable housing and local impact assets in Cornwall.

### What is Cornwall Council Pension Fund's known posture on co-investments alongside external GPs?

The fund has executed co-investments with PGIM Real Estate in affordable housing and with Schroders Greencoat in renewable energy projects.

### How does Cornwall Council Pension Fund source proprietary deal flow?

Deal flow arrives primarily through Brunel Pension Partnership mandates and direct relationships with managers such as PGIM Real Estate and Schroders Greencoat for local impact opportunities.

## Related profiles

- [Municipal Fire and Police Retirement System of Iowa](https://altss.com/profile/municipal-fire-and-police-retirement-system-of-iowa)
- [Credit Mutuel Equity](https://altss.com/profile/credit-mutuel-equity)

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

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

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