# Gloucestershire County Council Pension Fund

Gloucestershire County Council Pension Fund is a Pension Fund based in Gloucester, United Kingdom.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** Gloucester, United Kingdom
- **Region:** Europe
- **Founded:** 1889
- **Assets under management:** 4.875B (Altss estimate)
- **Website:** gloucestershirepensionfund.org.uk
- **LinkedIn:** https://www.linkedin.com/company/gloucestershire-pension-fund

## Regulatory record

- **Reports private funds:** No

## About

The Gloucestershire County Council Pension Fund was established to deliver pensions under the Local Government Pension Scheme for public sector workers in the county. Matthew Trebilcock serves as Head of Pensions and Colin Hay chairs the Pension Committee that sets policy. Assets sit at approximately 4.875 billion USD and are managed on behalf of 60,000 members and 250 participating employers. The fund allocates across real estate, infrastructure, private equity and public equities. Confirmed holdings include the Brunel UK Property Fund valued at 267 million USD, a UK social, affordable housing portfolio at 180 million USD and a Brunel Infrastructure Portfolio at 236 million USD. It also runs a 60 million USD renewable energy mandate focused on South West England. Geographic exposure spans the United Kingdom and global markets through the Brunel partnership and listed positions in companies such as Unilever, Microsoft and AstraZeneca. The fund participates as a limited partner in Brunel Private Equity Cycles and Yorkshire Fund Managers vehicles. Staff numbers are not publicly stated. The fund maintains membership in the Local Authority Pension Fund Forum, the UK Stewardship Code and the Task Force on Climate-Related Financial Disclosures. It works with service providers including Hymans Robertson as actuary and investment adviser, State Street as global custodian and Schroders Greencoat for renewable infrastructure. In February 2025 the Pension Committee reviewed the business plan, budget and 2025 triennial valuation. The fund’s structure is defined by mandatory participation in the Brunel pooling arrangement, which requires it to delegate day-to-day management of most asset classes to the partnership while retaining local oversight of the Pension Committee and direct control of certain regional mandates such as the South West renewable energy programme.

## Sectors

- Public Pensions
- Infrastructure
- Real Estate

## People

- Matthew Trebilcock — Head of Pensions
- Colin Hay — Chairman of the Pension Committee

## Questions

### Who runs investment decisions at Gloucestershire County Council Pension Fund?

Matthew Trebilcock as Head of Pensions and the Pension Committee chaired by Colin Hay set policy and approve allocations. Day-to-day management of pooled assets is delegated to Brunel Pension Partnership.

### How does Gloucestershire County Council Pension Fund source proprietary deal flow?

The fund obtains exposure through Brunel Pension Partnership mandates and direct relationships with managers such as Gresham House, Octopus and Resonance for housing, and Schroders Greencoat for renewables.

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

It commits to funds via Brunel Private Equity Cycles and Yorkshire Fund Managers while also holding direct property and infrastructure assets through Brunel vehicles and specialist managers.

### What investment stages does Gloucestershire County Council Pension Fund typically target?

The fund targets mature infrastructure, operational real estate and listed equities. Private equity exposure occurs through established Brunel cycles rather than early-stage venture.

### What is Gloucestershire County Council Pension Fund’s known posture on co-investments alongside external GPs?

The fund accesses co-investment opportunities indirectly through Brunel partnership funds and does not operate an independent direct co-investment programme.

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

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

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