# Leicestershire County Council Pension Fund

Leicestershire County Council Pension Fund is a Pension Fund based in Leicester, United Kingdom.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** Leicester, United Kingdom
- **Region:** Europe
- **Address:** Leicester, United Kingdom
- **Assets under management:** Undisclosed
- **Website:** leicestershire.gov.uk
- **LinkedIn:** https://uk.linkedin.com/company/leicestershire-county-council

## Regulatory record

- **Reports private funds:** No

## About

Leicestershire County Council Pension Fund is a public pension fund based in Leicester, UK. It manages approximately $8.2 billion in assets across 43 funds, primarily focused on European investments.

## Sectors

- Real Estate
- Infrastructure
- Private Equity
- Secondaries & Special Situations
- Timberland & Natural Capital

## People

- Declan Keegan — Director of Corporate Resources and Section 151 Officer

## Questions

### How is the Leicestershire fund governed and who holds fiduciary responsibility?

Declan Keegan serves as Director of Corporate Resources and Section 151 Officer for Leicestershire County Council, a statutory role under UK law that carries responsibility for the proper administration of the council's financial affairs, including the pension fund. The fund itself is administered by the county council under the regulations of the UK Local Government Pension Scheme, with oversight from a local pension board and the council's elected members.

### What is the fund's relationship with LGPS Central?

Leicestershire is one of eight equal shareholder councils in LGPS Central Ltd, the asset pooling company established under UK government reforms that began in 2015 and became operational in 2018. The pool handles manager selection, due diligence, and portfolio management across multiple asset classes, but Leicestershire retains ultimate fiduciary responsibility for its own scheme members and can set its own strategic asset allocation.

### Does Leicestershire invest directly in real assets or only through pooled funds?

The fund combines both approaches. It maintains a direct UK commercial property portfolio and a direct farmland investment in Leicestershire. For global exposure — particularly in timberland and carbon offsets — it invests through third-party fund structures such as those managed by Stafford International.

### What responsible investment or ESG engagement does the fund carry out?

Leicestershire participates in the Local Authority Pension Fund Forum (LAPFF), which coordinates collaborative engagement with portfolio companies on governance, climate risk, and social issues. Its investment through LGPS Central also means that pooled manager mandates are subject to the pool's responsible investment policy, which integrates ESG factors into fund selection and ongoing monitoring.

### Does the fund disclose its total asset size publicly?

The fund does not publish a regularly updated single AUM figure through a centralized website. Mandatory UK pension fund valuations appear periodically through council committee reports and the fund's annual report, which are available via the Leicestershire County Council website, but a current self-reported number was not identified in available primary sources.

### Is Leicestershire a single-employer fund or open to other scheme employers?

The fund operates as a multi-employer scheme within the LGPS framework. It serves Leicestershire County Council employees and also extends to other local public-sector employers, including district councils and educational institutions, that are designated bodies under the scheme rules.

## Related profiles

- [Leicestershire County Council Corporate Asset Investment Fund](https://altss.com/profile/leicestershire-county-council-corporate-asset-investment-fund)
- [Leigh Baldwin & Co](https://altss.com/profile/leigh-baldwin-co)

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

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