London Borough of Newham Pension Fund

Newham primarily accesses private markets through the London Collective Investment Vehicle (London CIV), an FCA-authorised asset pool serving 32 London LGPS funds. The London CIV structures pooled vehicles for private equity, infrastructure, and real estate. Newham participates in at least the CIV's Indirect Real Estate Pooling (IREP) vehicle. The fund also holds at least one direct co-investment in infrastructure—Cory Riverside Energy—bypassing the pool for this specific asset.

Newham uses a hybrid approach. Most liquid and private market assets are accessed through the London CIV or via external fund managers such as Schroders Capital, AEW, and Fiera. However, the fund also holds a direct equity stake in Cory Riverside Energy, a major London waste-to-energy plant, indicating an internal capability to underwrite and hold direct infrastructure positions alongside its pooled commitments.

The London Borough of Newham Pension Fund is a shareholder and partner fund of the London CIV, a collective investment pool launched in 2015 to consolidate assets across 32 London local government pension funds. The CIV acts as an umbrella manager, creating sub-funds for different asset classes. Newham directs a significant portion of its assets into CIV-managed vehicles to reduce costs and negotiate institutional fee terms collectively.

Newham is a member of the Local Authority Pension Fund Forum (LAPFF), which coordinates shareholder engagement across 87 UK local authority funds. The fund is also a member of the Institutional Investors Group on Climate Change (IIGCC), requiring integration of climate-related financial risks into its investment process. Internally, the fund's investment strategy is overseen by the Newham Council Pension Committee, with performance and governance support from Pensions & Investment Research Consultants (PIRC).

The fund discloses an equity interest in Cory Riverside Energy, a waste-to-energy facility on the Thames in Belvedere, London. The plant processes residual waste from multiple London boroughs under long-term contracts. This is Newham's most prominent direct infrastructure holding and is held outside the London CIV pooling structure, suggesting a conviction position underwritten by the fund's own investment team.