Hertfordshire County Council Pension Fund

Hertfordshire County Council Pension Fund

The Hertfordshire County Council Pension Fund was established in 1974 to provide retirement benefits for council staff and associated bodies. It operates under the Local Government Pension Scheme Regulations 2013 with Hertfordshire County Council as the statutory administering authority. The fund targets a 5 percent allocation to private equity and currently deploys 6.53 percent in that asset class. Confirmed commitments include New Mountain Capital Fund VI/VII, Francisco Partners Agility IV, HarbourVest Partners, and Allianz UK Infrastructure Debt 2. It also holds a mandate with LGT Capital Partners covering multi-alternatives and commodities, plus direct UK commercial property exposure. Geographic reach centers on the United Kingdom with additional commitments in the United States and global markets. Assets total 8.5 billion dollars. The fund maintains service relationships with Mercer as investment advisor, Barnett Waddingham as actuary, Northern Trust as custodian, and Baillie Gifford and Robeco as investment managers. March 2024: The Pensions Committee held its quarterly meeting covering investment strategy and funding levels. The fund is structured as a statutory LGPS vehicle with mandatory pooling requirements that distinguish it from standalone public or private pension entities.