Royal Borough of Kensington and Chelsea Superannuation Fund

Royal Borough of Kensington and Chelsea Superannuation Fund

The fund was established in 1998 to serve the Royal Borough of Kensington and Chelsea under the Local Government Pension Scheme. It joined the London Collective Investment Vehicle in July 2018 and remains a shareholder in that collective pool. Allocations include a 7.26 percent weighting to private equity against a 5 percent target. Confirmed holdings comprise the Direct Commercial Property Portfolio valued at £240.8 million, the Temporary Accommodation Housing Initiative at £100 million, the Osiris Property Fund, and an Index-Linked Gilts Portfolio. Geographic exposure centers on the United Kingdom with additional global equity and private equity reach through external managers. The fund reports 29 enriched asset and relationship items. It maintains memberships in London CIV and the United Nations Principles for Responsible Investment. Service providers include CBRE for property management since 2014 and Northern Trust as custodian since 2015. The fund follows an active engagement and stewardship policy through membership in the Local Authority Pension Fund Forum rather than a divestment approach.