# London Borough of Hillingdon Pension Fund

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

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** Uxbridge, United Kingdom
- **Region:** Europe
- **Address:** Uxbridge, Middlesex, United Kingdom
- **Assets under management:** $1.5B - $2.0B (Altss estimate)
- **Website:** hillingdon.gov.uk
- **LinkedIn:** https://uk.linkedin.com/company/london-borough-of-hillingdon

## Regulatory record

- **Reports private funds:** No

## About

The London Borough of Hillingdon Pension Fund operates as part of the Local Government Pension Scheme (LGPS), with Hillingdon Council acting as the statutory administering authority. Day-to-day administration is delegated to Hampshire County Council. Corporate Director of Finance Andy Evans holds oversight responsibility, with James Lake and Tunde Adekoya managing statutory accounting and fund accounting respectively. Strategy spans direct holdings and pooled fund commitments. The fund owns commercial property — including the Hillingdon Civic Centre and a social housing portfolio within the borough — alongside interests in the AEW UK Property Pooled Fund, UBS Global Asset Management Property Fund, and LGIM Long Lease Property Fund. It also maintains a cash and equivalents position. On the private markets side, the fund is tagged for co-investments, fund-of-funds, secondaries, distressed debt, venture, growth, and buyout exposure. Geographic reach extends across the United Kingdom and global mandates. Roughly 85-95% of assets sit within the London CIV, a collective investment vehicle for London borough pension funds. The fund is a shareholder and member of that pool, and it also participates in the Local Authority Pension Fund Forum (LAPFF) for collaborative shareholder engagement. It is a signatory to the 2020 UK Stewardship Code and has committed to reporting under the Taskforce on Climate-related Financial Disclosures (TCFD). The structural differentiator is the London CIV pooling arrangement itself. Rather than building a large in-house investment team, Hillingdon channels the vast majority of its portfolio through a shared London-local-government vehicle, retaining only a narrow slice of directly held property and cash outside that structure. This architecture concentrates governance in the administering authority while outsourcing investment selection and manager oversight to the pool.

## Sectors

- Real Estate
- Secondaries & Special Situations
- Private Equity
- Venture Capital
- Distressed Debt
- Hedge Funds
- Infrastructure

## People

- Andy Evans — Corporate Director of Finance
- James Lake — Head of Finance - Statutory Accounting and Pension Fund
- Tunde Adekoya — Pension Fund Accountant

## Questions

### Who runs investment decisions at the London Borough of Hillingdon Pension Fund?

Hillingdon Council is the statutory administering authority. Corporate Director of Finance Andy Evans holds oversight responsibility. Day-to-day administration is delegated to Hampshire County Council, and the fund pools roughly 85-95% of its assets through the London CIV, which handles manager selection and monitoring for those pooled assets.

### How is the fund's portfolio structured across public and private markets?

The fund blends direct property and social infrastructure holdings with pooled fund commitments. Direct assets include the Hillingdon Civic Centre, a social housing portfolio, and green spaces. Pooled real estate exposure runs through AEW UK Property Pooled Fund, UBS Global Asset Management Property Fund, and LGIM Long Lease Property Fund. Private markets allocations span co-investments, fund-of-funds, secondaries, distressed debt, venture, growth, and buyout.

### What is the London CIV and how does Hillingdon use it?

The London Collective Investment Vehicle (London CIV) is a pooling structure for London borough pension funds. Hillingdon is a shareholder and member, and it channels roughly 85-95% of its portfolio through the CIV. This concentrates governance at the administering authority while outsourcing day-to-day investment management to the pool's appointed managers.

### Does the fund participate in co-investments or only fund commitments?

The fund is tagged for both co-investments and fund-of-funds commitments across private markets — including venture, growth, buyout, distressed debt, and secondaries. Direct co-investment activity alongside GPs is within the strategy set, though specific deals have not been publicly disclosed.

### What is the fund's posture on ESG and stewardship?

The fund is a signatory to the 2020 UK Stewardship Code and a member of the Local Authority Pension Fund Forum (LAPFF), which conducts collaborative shareholder engagement on ESG and corporate governance. It has also committed to climate-related financial reporting under the TCFD framework.

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

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

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