# London Borough of Enfield Pension Fund

London Borough of Enfield Pension Fund is a Pension Fund based in Enfield, United Kingdom.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** Enfield, United Kingdom
- **Region:** Europe
- **Address:** Enfield, United Kingdom
- **Founded:** 1965
- **Assets under management:** $2.0B (Altss estimate)
- **Website:** enfield.gov.uk
- **LinkedIn:** https://www.linkedin.com/company/london-borough-of-enfield

## Regulatory record

- **Reports private funds:** No

## About

The London Borough of Enfield Pension Fund operates as the administering authority for a statutory public sector pension scheme serving council employees and workers from other local employers within the borough. As part of the national Local Government Pension Scheme, the fund pools contributions from participating employers to provide defined-benefit retirement income. The fund's net asset value stood at approximately £1.6 billion as of March 2024, according to its public valuation reports. Asset allocation spans traditional and alternative categories, including listed equities, fixed income, property, infrastructure, and private equity. The fund is a shareholder in the London Collective Investment Vehicle, an FCA-authorised asset pool that aggregates LGPS capital across London boroughs for scale and fee compression. Direct real estate holdings include stakes in the BlackRock UK Property Fund, the Legal & General UK Property Fund, and the Brockton Capital-managed London Fund, a mixed-use vehicle focused on greater London. Cash and cash equivalents round out the liquidity sleeve, while infrastructure and private equity commitments are executed through external fund managers and co-investment structures. The fund employs a small dedicated team led by Head of Pension Investments Ravi Lakhani, supported by the Enfield Council pensions committee. It is a signatory to the UK Stewardship Code and the UN-supported Principles for Responsible Investment, integrating ESG considerations into manager selection and ongoing monitoring. The most recent annual report, for the year ending March 2024, confirmed the fund's net asset value and detailed performance across asset classes, with property and infrastructure returns providing diversification away from public-market volatility. Enfield's structural posture is defined by its dual identity: a stand-alone LGPS fund retaining direct property holdings while participating in the London CIV pooled vehicle. This hybrid approach — direct real asset ownership alongside pooled equity and bond mandates — allows the fund to maintain control over local property exposure while benefiting from aggregated fee bargaining through the CIV. Succession planning and governance sit with the pensions committee, which delegates day-to-day investment decisions to Lakhani and the in-house team.

## Sectors

- Real Estate
- Infrastructure
- Private Equity

## People

- Ravi Lakhani — Head of Pension Investments

## Questions

### How is the Enfield Pension Fund governed, and who makes investment decisions?

The fund is administered by the London Borough of Enfield, with a pensions committee providing oversight. Day-to-day investment management is delegated to Ravi Lakhani, the Head of Pension Investments, and the in-house team. The committee approves strategic asset allocation and monitors performance quarterly.

### What is the fund's relationship with the London CIV?

Enfield is a shareholder and partner fund in the London Collective Investment Vehicle, an FCA-authorised asset pool created to aggregate London LGPS fund capital. The CIV negotiates lower fund-manager fees and provides access to pooled equity and fixed income mandates, while Enfield retains direct control over certain property and alternative investments.

### Does the fund invest directly in real estate or only through funds?

The fund holds both direct and indirect property exposure. Confirmed positions include stakes in the BlackRock UK Property Fund, the Legal & General UK Property Fund, and Brockton Capital's London Fund — a mixed-use vehicle focused on greater London. It also holds commercial property directly within the UK.

### How does the fund incorporate ESG into its investment process?

Enfield is a signatory to the UN-supported Principles for Responsible Investment and the UK Stewardship Code. ESG considerations are integrated into manager selection, monitoring, and engagement. The fund reports annually on its stewardship activities and votes its shares in line with its responsible investment policy.

## Related profiles

- [Caisse de Prévoyance des Fonctionnaires de Police et des Établissements Penitentiaires](https://altss.com/profile/caisse-de-pr-voyance-des-fonctionnaires-de-police-et-des-tablissements-penitentiaires-cp)
- [London Borough of Barking & Dagenham Pension Fund](https://altss.com/profile/london-borough-of-barking-dagenham-pension-fund)

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

Canonical page: https://altss.com/profile/london-borough-of-enfield-pension-fund

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