# Surrey Pension Fund

Surrey Pension Fund is a Pension Fund based in Surrey, United Kingdom.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** Surrey, United Kingdom
- **Region:** Europe
- **Address:** Surrey, United Kingdom
- **Founded:** 2015
- **Assets under management:** Undisclosed
- **Website:** surreypensionfund.org

## Regulatory record

- **Reports private funds:** No

## About

The Surrey Pension Fund was established in 2015 as a local government pension scheme under the LGPS. It is administered by Surrey County Council and covers public sector employees in Surrey.

## Sectors

- Real Estate
- Private Equity
- Infrastructure

## People

- Neil Mason — Director of Pensions (LGPS Senior Officer)
- Anthony Fletcher — Independent Investment Advisor to the Pension Fund Committee

## Questions

### Who makes investment decisions at the Surrey Pension Fund?

The Pension Fund Committee, advised by an independent investment advisor — currently Anthony Fletcher — sets the strategic asset allocation and selects managers. Day-to-day investment management for most assets is delegated to Border to Coast Pensions Partnership, the LGPS pooling entity. The Director of Pensions, Neil Mason, oversees the fund's operations and provides strategic leadership.

### How is the Surrey Pension Fund related to Border to Coast Pensions Partnership?

Surrey Pension Fund is a founding partner in Border to Coast, one of eight LGPS asset pools established in 2018 following UK government reforms. Border to Coast manages the majority of Surrey's assets — including private equity, infrastructure, fixed income, and listed equities — under a regulated FCA-authorised structure. Surrey retains direct control over a smaller property portfolio.

### What does the fund invest in directly versus through the pool?

The Border to Coast pool manages the fund's private equity buyout program, infrastructure commitments, fixed income, and public equity mandates. Surrey retains direct ownership of several UK property fund stakes, including residential vehicles like the CBRE UK Affordable Housing Fund, industrial exposure through the Fiera Real Estate Logistics Development Fund, and commercial holdings such as the M&G Secured Property Income Fund.

### What investment stages does the fund's private equity program target?

The private equity allocation, executed through Border to Coast, concentrates on buyout strategies. Border to Coast's private equity program commits to mid-market and large-cap buyout funds across Europe and North America, with a smaller allocation to growth equity and co-investments alongside underlying managers.

### What is the fund's approach to responsible investment?

Surrey is a signatory to the 2020 UK Stewardship Code and participates in the Local Authority Pension Fund Forum, which coordinates collaborative engagement on environmental, social, and governance issues. The Pension Fund Committee receives regular reporting on climate risk and stewardship activity through the Border to Coast pooled arrangements, which embed ESG integration across all asset classes.

### Does the Surrey Pension Fund disclose detailed holdings or performance?

The fund publishes an annual report and accounts with summary asset allocation, manager appointments, and investment performance. Directly held property fund names are disclosed in committee papers and public accounts. Pooled private equity holdings through Border to Coast are reported at the aggregate pool level rather than individually by partner fund.

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Last updated: 2026-06-03T20:00:00.000Z

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