Norfolk Pension Fund

Norfolk Pension Fund

Norfolk Pension Fund was established in 1974 as the administering authority for Norfolk County Council and participating local bodies under the UK Local Government Pension Scheme. It operates from Norwich and participates in the national LGPS pooling initiative via ACCESS. The fund deploys capital across buyouts, secondaries, natural resources and venture strategies. Asset-class exposure includes private equity at 8.93 percent alongside real-estate holdings in vehicles such as Lothbury Property Trust, M&G UK Residential Property Fund and Ribston UK Industrial Property Unit Trust. Infrastructure commitments run through Equitix Fund V LP, Equitix Fund VI LP and Infracapital Greenfield Partners II. Geographic reach centers on the United Kingdom with additional exposure across Europe and global markets via HarbourVest Direct Lending Fund and Stafford Timberland Fund. Assets total 6.7 billion USD. The fund maintains service relationships with Northern Trust as custodian, Hymans Robertson as investment advisor and actuary, and Ernst & Young as auditor. September 2024: Conducted quarterly administration and investment performance review at the Pensions Committee Meetings. It holds memberships in the Local Authority Pension Fund Forum, the Pensions and Lifetime Savings Association and National LGPS Frameworks. The fund's structure is defined by its mandatory participation in the ACCESS pooling arrangement, which requires collaboration on manager selection and fee negotiation with ten other LGPS funds rather than independent direct mandates.