# North East Scotland Pension Fund

North East Scotland Pension Fund is a Pension Fund based in Aberdeen, United Kingdom.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** Aberdeen, United Kingdom
- **Region:** Europe
- **Address:** Level 1, 2 Marischal Square Broad Street, Aberdeen, United Kingdom
- **Founded:** 1989
- **Assets under management:** £6.3bn
- **Website:** www.nespf.org.uk
- **LinkedIn:** https://uk.linkedin.com/company/north-east-scotland-pension-fund

## Regulatory record

- **Reports private funds:** No

## About

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.

## Sectors

- Real Estate
- Infrastructure
- Private Equity

## People

- Graham Buntain — Investment Manager
- Councillor John Cooke — Convener of the Pensions Committee

## Questions

### Who runs investment decisions at North East Scotland Pension Fund?

Graham Buntain serves as Investment Manager. The Pensions Committee, convened by Councillor John Cooke, provides oversight.

### Does North East Scotland Pension Fund participate in fund commitments or only direct deals?

The fund commits to funds including HarbourVest Private Equity Funds and Unigestion Secondary Opportunity Fund IV while also holding direct property assets.

### What investment stages does North East Scotland Pension Fund typically target?

Allocations include buyout, growth, secondaries, and infrastructure with a 10- to 20-year horizon.

### How is North East Scotland Pension Fund related to Aberdeen City Council?

Aberdeen City Council acts as the administering authority and legal adviser for the fund.

## Related profiles

- [Hamburger Pensionskasse](https://altss.com/profile/hamburger-pensionskasse)
- [Aureus Asset Management](https://altss.com/profile/aureus-asset-management)

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Last updated: 2026-07-08T20:58:23.038Z

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