Surrey County Council Pension Fund

Surrey County Council Pension Fund

The Surrey Pension Fund was established in 1922. Neil Mason serves as Director of Pensions and LGPS Senior Officer. Surrey County Council acts as the statutory administering authority under the national Local Government Pension Scheme framework. The fund holds a 5.27 percent allocation to private equity against a 5 percent target. It commits to BCPP Private Markets Series funds and Pantheon Global Infrastructure Fund III. Real estate exposure includes the CBRE Property Fund-of-Funds valued at $365 million and the BCPP Global Real Estate Fund. Holdings span the United Kingdom and global markets through these mandates. The fund also maintains positions in student accommodation and healthcare property via the CBRE vehicle. The team comprises 34 professionals. Surrey participates in the Border to Coast Pensions Partnership as one of eleven partner funds and holds a 9.09 percent ownership stake in BCPP itself. Additional service providers include Northern Trust as custodian since 2010 and Hymans Robertson as investment advisor and actuary since 2015. In February 2025 the fund spoke at the SGPE Private Markets Pensions Investment Forum on private markets investment and geopolitical turmoil. Surrey operates inside the LGPS pooling regime that requires collaboration with other local authority funds through BCPP. This structure channels commitments into shared private markets vehicles rather than standalone direct deals. Governance flows through the Surrey Pension Fund Committee chaired by Richard Tear.