# Environment Agency Pension Fund

Environment Agency Pension Fund is a Pension Fund based in Bethesda, United Kingdom.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** Bethesda, United Kingdom
- **Region:** Europe
- **Address:** Environment Agency Team Capita 11b Lingfield Point, Darlington, United Kingdom, DL1 1AX
- **Founded:** 1989
- **Assets under management:** 6199 (Altss estimate)
- **Website:** www.eapf.org.uk
- **LinkedIn:** https://www.linkedin.com/company/environment-agency-pension-fund

## About

The Environment Agency Pension Fund was established in 1989. Graham Cook leads investment decisions. The underlying assets support retirement benefits for public sector workers tied to environmental and natural resource agencies. Emma Howard Boyd shaped its early sustainable investment approach during her tenure as Chair of the Environment Agency. The fund allocates to private equity, real estate, infrastructure and listed equities. Current private holdings include commitments to World Fund, Copenhagen Infrastructure II & III, Actis Energy 4 and Infracapital Greenfield Partners. Real estate positions encompass Choice Properties REIT in Canada, CapitaLand Ascendas REIT in Singapore and Charter Hall Prime Industrial in Australia. Geographic exposure spans the United Kingdom, Europe, North America and Asia-Pacific. It also holds water company corporate bonds and forestry assets through Lyme Forest Fund. The fund reports 3.79 percent of assets in private equity against a 4 percent target. It maintains relationships with service providers including Capita for administration, State Street Global Services for custody and Generation Investment Management for portfolio management. In October 2024 the fund sponsored member webinars covering investment strategy and retirement planning. It is transitioning assets from Brunel Pension Partnership to Local Pensions Partnership Investment by April 2026. The fund sits inside the statutory Local Government Pension Scheme structure, which imposes pooling requirements and governance oversight distinct from single-family offices or independent asset managers. This framework dictates asset allocation targets and requires coordination with other LGPS funds on infrastructure and natural capital mandates.

## Sectors

- Real Estate
- Infrastructure
- Renewable Energy
- Private Credit
- Agribusiness

## People

- Graham Cook — Chief Investment Officer
- Emma Howard Boyd — Former Chair
- Lilli Matson — Non-executive Board member

## Questions

### Who runs investment decisions at Environment Agency Pension Fund?

Graham Cook serves as Chief Investment Officer. He oversees asset allocation and manager selection for the $6.2 billion portfolio.

### How does Environment Agency Pension Fund source proprietary deal flow?

The fund commits to external managers in private equity, infrastructure and real assets. It participates in pooled vehicles such as Copenhagen Infrastructure and Actis Energy funds.

### Does Environment Agency Pension Fund participate in fund commitments or only direct deals?

It makes fund commitments to vehicles including World Fund, Ambienta IV and Lombard Odier Sustainable Private Credit Fund. It also holds direct minority stakes in listed REITs and property funds.

### What investment stages does Environment Agency Pension Fund typically target?

The fund targets buyout, growth, early-stage venture and infrastructure strategies through its external manager program. It maintains a balanced allocation across these approaches.

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

The fund invests primarily through fund commitments and does not disclose a dedicated co-investment program. Its private holdings are executed as limited partner interests.

## Related profiles

- [The Rockefeller Foundation](https://altss.com/profile/the-rockefeller-foundation)
- [Marcegaglia Investments](https://altss.com/profile/marcegaglia-investments)

---

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

Canonical page: https://altss.com/profile/environment-agency-pension-fund

Maintained by Altss — https://altss.com — methodology: https://altss.com/methodology