# London Collective Investment Vehicle (LCIV)

London Collective Investment Vehicle (LCIV) is a Pension Fund based in London, United Kingdom.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** London, United Kingdom
- **Region:** Europe
- **Founded:** 2015
- **Assets under management:** 23700 (Altss estimate)
- **Website:** www.londonciv.org.uk
- **LinkedIn:** https://www.linkedin.com/company/london-lgps-civ-limited

## Regulatory record

- **Reports private funds:** No

## About

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.

## Sectors

- Real Estate
- Infrastructure
- Private Credit
- Renewables

## People

- Dean Bowden — Chief Executive Officer
- Jenny Buck — Chief Investment Officer
- Danny Firth — Chief Operating Officer
- Vanessa Shia — Head of Private Markets

## 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.

### 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.

## Related profiles

- [Mobiliar Asset Management](https://altss.com/profile/mobiliar-asset-management)
- [Makena Capital Management](https://altss.com/profile/makena-capital-management)

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

Canonical page: https://altss.com/profile/london-collective-investment-vehicle-lciv

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