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London Collective Investment Vehicle (LCIV)
London Collective Investment Vehicle pools assets for London borough pension schemes. Dean Bowden serves as chief executive. The vehicle was formed to deliver...
London Collective Investment Vehicle (LCIV)
London Collective Investment Vehicle pools assets for London borough pension schemes. Dean Bowden serves as chief executive. The vehicle was formed to deliver scale and shared governance for participating local authority funds. LCIV deploys across real estate, infrastructure and private debt. Confirmed holdings include the LCIV UK Housing Fund, LCIV Real Estate Long Income Fund and LCIV Renewable Infrastructure Fund. The vehicle also commits to Savills IM Simply Affordable Homes and maintains positions in NextPower UK ESG and The London Fund. Geographic exposure centers on the United Kingdom with additional infrastructure assets across Europe and global markets. The firm reports 23.7 billion USD in assets. It maintains service relationships with Northern Trust for custody and StepStone for infrastructure advice. In December 2024 LCIV participated as a speaker at the Women in Private Markets London 2024 Summit. LCIV operates as a collective vehicle owned by its 32 London borough shareholders rather than a conventional single-fund manager. Governance flows through the participating funds and the City of London Corporation as a shareholder.
General information
Firm type
Pension Fund
Year founded
2015
Location
Region
Europe
Country
United Kingdom
City
London
Principals
Dean Bowden
Chief Executive Officer
Jenny Buck
Chief Investment Officer
Danny Firth
Chief Operating Officer
Vanessa Shia
Head of Private Markets
Sector focus
Frequently asked questions
Who runs investment decisions at London Collective Investment Vehicle?
Dean Bowden serves as chief executive. Jenny Buck holds the chief investment officer role. Vanessa Shia leads private markets.
How does London Collective Investment Vehicle source proprietary deal flow?
The vehicle uses relationships with 32 London borough funds and external advisors including StepStone. It participates in club-style infrastructure and real estate commitments.
Does London Collective Investment Vehicle participate in fund commitments or only direct deals?
LCIV runs both fund commitments and direct holdings. It maintains its own branded funds such as the LCIV UK Housing Fund and LCIV Renewable Infrastructure Fund.
What investment stages does London Collective Investment Vehicle typically target?
The vehicle focuses on income-producing real estate and operating infrastructure assets. It does not publish stage targets for early-stage or venture investments.
Where does the underlying wealth come from?
Assets originate from the pension schemes of 32 London boroughs and the City of London Corporation as shareholders and clients.
Does London Collective Investment Vehicle maintain philanthropic structures?
No philanthropic structures are disclosed in available records.
What is London Collective Investment Vehicle's known posture on co-investments alongside external GPs?
The vehicle commits to external managers in infrastructure and real estate while also seeding its own branded funds.
Profile maintained by Altss 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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