North East Scotland Pension Fund

North East Scotland Pension Fund

North East Scotland Pension Fund is a public pension fund headquartered in Aberdeen, UK. It administers the Local Government Pension Scheme for employers in North and North East Scotland, providing pension benefits for various councils and public bodies. It serves around 76,000 members, including employees and elected councilors. The fund allocates across private equity, real estate, and infrastructure. Confirmed holdings include direct UK commercial property managed by abrdn, UK PRS Opportunities LP, and stakes in HarbourVest Private Equity Funds and BlackRock Global Renewable Power III. Geographic exposure centers on the United Kingdom and select global markets through secondaries and co-investments. The fund reports 8.12 percent allocation to private equity against a 5 percent target. It maintains relationships with providers including State Street as custodian and abrdn for property mandates. February 2025: Won the Pensions Administration Award at the Pensions Age Awards. The fund operates under Aberdeen City Council as administering authority with oversight from a pensions committee, creating a governance structure tied directly to local government rather than a private mandate.