Pension Fund

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Highland Council Pension Fund

The Highland Council Pension Fund was established to serve participating employers including Highland Council and Comhairle nan Eilean Siar. Catriona Stachan...

Highland Council Pension Fund logo

Highland Council Pension Fund

The Highland Council Pension Fund was established to serve participating employers including Highland Council and Comhairle nan Eilean Siar. Catriona Stachan holds the role of Pension Fund Manager. The scheme covers multiple LGPS sections for the Highland region. The fund allocates 6.7 percent to private equity with a 7.1 percent target. Holdings include Partners Group Secondary VIII, Partners Group Direct Equity 2017, Partners Group Direct Equity 2019 and CVC Income & Growth. Real estate exposure runs through Schroders UK Real Estate Fund, Lothbury Property Trust and BlackRock UK Property Fund. Infrastructure commitments include Equitix Fund V, KKR Diversified Core Infrastructure and JP Morgan Infrastructure Investments Fund. Geographic reach centers on the United Kingdom and extends to Europe and global markets. Aon Investments Limited has served as investment advisor since 2013. Northern Trust acts as global custodian. The fund maintains membership in the Local Authority Pension Fund Forum and the Principles for Responsible Investment. June 2024: The Pensions Committee reviewed the Statement of Investment Principles and conducted a Strategic Asset Allocation Review. The fund operates as a statutory LGPS vehicle with Highland Council as the sole administering authority. Governance flows through the Pensions Committee chaired by Paul Oldham. This structure separates investment decisions from the council's operating budget while requiring periodic public reporting.

General information

Firm type

Pension Fund

Location

Region

Europe

Country

United Kingdom

City

Inverness

Corporate office

Council Headquarters, Glenurquhart Road Inverness, Scotland

Principals

Catriona Stachan

Pension Fund Manager

Paul Oldham

Chair of the Pensions Committee

Jackie Hendry

Vice Chair of the Pensions Committee

Sector focus

Private EquityReal EstateInfrastructurePrivate Credit

Frequently asked questions

Who runs investment decisions at Highland Council Pension Fund?

Catriona Stachan serves as Pension Fund Manager. The Pensions Committee, chaired by Paul Oldham with Jackie Hendry as vice chair, oversees strategy and allocations.

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

The fund invests through limited partnership commitments to vehicles managed by Partners Group, CVC, Equitix, KKR and JP Morgan.

What asset classes receive the largest allocations?

Public equities form the core book alongside real estate, private equity at 6.7 percent and infrastructure holdings.

Where does the underlying wealth come from?

Contributions come from participating employers including Highland Council and Comhairle nan Eilean Siar plus member contributions under the Local Government Pension Scheme.

How is Highland Council Pension Fund related to Highland Council?

Highland Council acts as the administering authority and founder of the fund under UK LGPS regulations.

Profile maintained by 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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