London Pensions Fund Authority

London Pensions Fund Authority

The London Pensions Fund Authority was established in 1989 to deliver pension benefits under the Local Government Pension Scheme. It serves more than 100,000 members and 115 employers. The fund maintains a 50 percent ownership stake in the Local Pensions Partnership, which handles both investment management through LPPI and administration through LPPA. LPFA allocates 7.2 percent of assets to private equity with a 5 percent target. It maintains exposure to infrastructure, residential real estate, and renewables through co-investments and joint ventures. Confirmed holdings include Get Living via the DOOR platform, Hornsea 1 Offshore Wind Farm through GLIL Infrastructure, and multiple London regeneration projects such as Shepherd's Bush Market and Edge London Bridge. Geographic focus remains the United Kingdom, with the majority of direct investments concentrated in Greater London and national infrastructure assets. The fund employs 50 professionals and reports AUM of $10.2B. It participates in The London Fund alongside London CIV and LPPI. October 2025: Participated as speaker at the Pensions UK Annual Conference on LGPS pooling and infrastructure allocation. Additional memberships include the Institutional Investors Group on Climate Change and the Principles for Responsible Investment. LPFA's governance ties board appointments directly to the Mayor of London while investment execution occurs through the Local Pensions Partnership joint venture. This arrangement separates scheme oversight from day-to-day asset management and creates a shared operating platform with other LGPS funds.