Royal Borough of Greenwich Pension Fund

Royal Borough of Greenwich Pension Fund

The Royal Borough of Greenwich Pension Fund operates as the Local Government Pension Scheme vehicle for authority employees. It is administered directly by the Royal Borough of Greenwich under the oversight of its Pension Fund Investment and Administration Panel. The fund holds 4.2 percent in private equity and maintains exposure to real estate through direct freehold assets valued near $8 million plus CBRE-managed unit trusts exceeding $188 million. It commits to London CIV vehicles covering renewable infrastructure, private debt and nature capital. Geographic reach centers on the United Kingdom with additional exposure to Europe, the United States and Asia through Wilshire and Partners Group mandates. Allocations also include global equity and multi-asset credit sleeves managed by LGIM, BlackRock and Fidelity. The fund employs Northern Trust as global custodian and Hymans Robertson as investment advisor. It belongs to the Local Authority Pension Fund Forum, the Institutional Investors Group on Climate Change and the Pensions and Lifetime Savings Association. In December 2024 the fund attended the LAPFF Annual Conference in Bournemouth. Governance flows through the Royal Borough of Greenwich as administering authority, with the London CIV acting as primary pooling manager for more than half of assets. This structure imposes statutory pooling requirements that distinguish it from non-LGPS investors.