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Devon County Council Pension Fund
The fund was established in 1922 and remains administered by Devon County Council under the Local Government Pension Scheme. Contributions from local authority...
Devon County Council Pension Fund
The fund was established in 1922 and remains administered by Devon County Council under the Local Government Pension Scheme. Contributions from local authority employees and employers are invested to meet retirement obligations. Asset allocation includes private equity at 1.66 percent current weight against a 4 percent target. Property holdings comprise Aviva Pooled Property Fund, Threadneedle Property Unit Trust, Hermes Property Unit Trust and Aviva REaLM Ground Rents Fund, all UK commercial and residential assets. Infrastructure exposure includes the Schroders Greencoat Wessex Gardens Fund and Quinbrook Renewables Impact Fund focused on solar and battery storage in the South West of England. Geographic reach covers the United Kingdom and Europe through co-investments with other LGPS funds. Assets total 8224 million USD. The fund maintains no additional offices beyond Exeter headquarters. It participates in the Brunel Pension Partnership pooling vehicle alongside nine other LGPS funds. March 2024: Hosted the Annual Consultative Meeting in Exeter covering performance and strategy updates. March 2025: Attended the Foresight Regional Investment Fund launch as an attendee. The fund is a shareholder in Brunel Pension Partnership and has selected Local Pension Partnership Investments as its future pooling partner from 2025/2026. This structure separates investment management from the administering authority while preserving local oversight through Peninsula Pensions shared administration with Somerset Council Pension Fund.
General information
Firm type
Pension Fund
Year founded
1922
Location
Region
Europe
Country
United Kingdom
City
Exeter
Corporate office
Room 180 County Hall, Topsham Road, Exeter, EX2 4QD, United Kingdom
Sector focus
Frequently asked questions
Who administers the Devon County Council Pension Fund?
Devon County Council serves as the administering authority. Peninsula Pensions handles day-to-day administration under a shared service with Somerset Council Pension Fund. The arrangement has operated since 2013.
How does the fund participate in private equity?
The fund commits to Brunel Private Equity Cycle 2 & 3 and the Foresight Regional Investment Fund. Current allocation stands at 1.66 percent against a 4 percent target. Commitments occur through the Brunel Pension Partnership.
What infrastructure investments has the fund made?
Holdings include the Schroders Greencoat Wessex Gardens Fund valued at 55 million USD and the Quinbrook Renewables Impact Fund. Both target solar and battery storage assets in the United Kingdom. The fund also holds positions in the First State European Diversified Infrastructure Fund and UBS International Infrastructure Fund.
Which pooling arrangements govern the fund's investments?
Assets are currently pooled through Brunel Pension Partnership. The fund has selected Local Pension Partnership Investments as the successor pooling partner starting 2025/2026. Devon remains a shareholder in Brunel during the transition.
Does the fund engage in property investments directly?
Direct holdings include Aviva Pooled Property Fund, Threadneedle Property Unit Trust and Hermes Property Unit Trust. UK commercial property totals 411 million GBP and international property totals 93 million GBP as of June 2025. Ground rents are accessed via the Aviva REaLM Ground Rents Fund.
What governance memberships does the fund maintain?
The fund is an accredited signatory to the UK Stewardship Code and a member of the Local Authority Pension Fund Forum. It also participates in the Institutional Investors Group on Climate Change and the Principles for Responsible Investment.
Which service providers support the fund's operations?
Northern Trust acts as global custodian. Barnett Waddingham serves as fund actuary since 2010. Redington provides investment strategy advice and MJ Hudson Allenbridge serves as independent investment advisor.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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